Disaster Recovery Loan Opportunity

As a result of the Disaster Declaration, low-interest federal disaster loans are available to qualifying North Texas businesses and even residents through the Small Business Administration (SBA). Eligible businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace real estate, machinery and equipment, inventory, and other business assets that were damaged or destroyed by the winter storm.

The SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

Disaster loans with low interests rates up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate and up to $40,000 to repair or replace damaged or destroyed personal property. 

To help businesses navigate the programs and resources available, the SBA launched a new Virtual Business Recovery Center and a Virtual Disaster Loan Outreach Center to assist Texans as they work towards recovery. Experts will be available from 7:00 AM –7:00 PM CT to answer questions about SBA’s disaster loan program, explain the application process, and help candidates complete their applications. Those in need of assistance can contact the SBA by calling (800) 659-2955 or emailing FOCWAssistance@sba.gov.

Please note, before applying for SBA assistance, applicants must first contact the Federal Emergency Management Agency (FEMA).

City of Anna

Information on city building closures, updated public meetings, utility billing, and municipal court.

Anna ISD

Anna ISD campuses are closed indefinately. More information is available on the district’s webpage. 

Greater Anna Chamber of Commerce

The Greater Anna Chamber of Commerce is posting updates to the website as well as the Facebook page: https://www.facebook.com/GreaterAnnaChamber/

The Chamber has also created a survey to assess how local businesses are doing and ways in which we may assist. You can fill out the survey online here.

Collin County

Collin County Judge Chris Hill  issued a “work safe” executive order effective March 24. On May 11, the Collin County Commissioners Court approved the distribution of direct financial assistance for housing, utilities, and groceries; increased COVID-19 testing; personal protective equipment; and, COVID-19 costs and recovery efforts for cities and towns. An application for housing and living assistance as well as COVID-19 testing for the uninsured can be found here.

MORE USEFUL LINKS

• GovEvents [event search for webinars, conferences, etc.]: https://www.govevents.com/ / https://www.govevents.com/find-events.php
• BIA COVID-19 Fire Mitigation Info: https://www.bia.gov/bia/ots/dfwfm/bwfm/fire-information/COVID-19-Fire
• CARES Act: Assistance to Small Businesses: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses
• CARES Act: Higher Education Emergency Relief Fund https://www2.ed.gov/about/offices/list/ope/caresact.html
• Dept. of Education COVID-19 Resources for Schools, Students, and Families: https://www.ed.gov/coronavirus
• EDA Sprint Challenge: https://www.grants.gov/web/grants/view-opportunity.html?oppId=329419
• FEMA PA COVID-19 Fact Sheets: https://www.fema.gov/media-collection/public-assistance-disaster-specific-guidance-covid-19-declarations
• FEMA.gov COVID-19 Supplemental Resource search: https://www.fema.gov/disasters/coronavirus/supplemental-resources
• Fire Service Grants and Funding (USFA): https://www.usfa.fema.gov/grants/
• HHS’ Tracking Accountability in Government Grants System (TAGGS): https://taggs.hhs.gov/coronavirus
• SBA COVID-19 Economic Injury Disaster Loans: https://covid19relief.sba.gov/#/
• SBA COVID-19 Small Business Guidance & Loan Resources: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
• US Treasury updates for CRF: https://home.treasury.gov/policy-issues/cares/state-and-local-governments
• USASpending.gov COVID-19 update: https://www.usaspending.gov/#/
• USDA updates for CFAP: https://www.farmers.gov/cfap

 Small Businesses and Nonprofits

The U.S. Small Business Administration (SBA) has granted Texas’ Economic Injury Disaster Loan (EIDL) assistance declaration. The SBA will make loans available to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).

Small Business Administration’s (SBA) Paycheck Protection Program (PPP) was created by the stimulus bill in March. The new act allocates $60 billion in PPP loans for medium, small, and community lenders and another $60 billion to the Economic Injury Disaster Loans program that offers loans up to $2 million.

Small businesses who believe they may be eligible for an SBA EIDL or PPP should visit the SBA’s website where they can directly apply for assistance. The online application is the fastest method to receive a decision about loan eligibility.

Collin Small Business Development Center (SBDC)

The Collin SBDC is open and assisting clients and small businesses of our community. For immediate assistance:

New Clients, please complete the Client Needs Assessment and a staff member will connect with you shortly.
Existing Clients, please email your Business Advisor directly.
General questions, please email SBDC@collin.edu

Centers for Disease Control and Prevention (CDC)

The latest information from the United States Government on COVID-19.

Joey Grisham

Economic Development Director

joey@opportunityannatx.com

214-831-5394