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City of Irving Back To Business Toolkit

The City of Irving offers a free downloadable Back to Business Retail Professional and Service Industry Toolkit for Irving business owners who may have questions regarding state and county guidelines and how to safely reopen. For more information and guidance for reopening in Irving, visit the City of Irving's Back to Business Resources




The Cornonvirus Aid, Relief, and Economic Security Act (CARES) is to assist small business owners, certain non-profits, and other employers with their immediate needs. This summary provides a guide to programs and initiatives that will be available from the Small Business Administration (SBA). For more clarification and availability of these programs, refer to the SBA Dallas/Fort Worth District Office. This summary also includes programs for other affected businesses other than small businesses as well as tax provisions beyond the scope of the SBA.

Click here to find resources for free local assistance with these programs. 

Local SBA Contact Info

150 Westpark Way Ste. 130
Euless, Texas 76040
Phone: 817-684-5500

Economic Injury Disaster Loan & Grant

Small business owners are eligible to apply for an Economic Injury Disaster Loan with a Grant of up to $10,000. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance (grant) will provide immediate economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance (grant) will not have to be repaid even if the loan is later denied. The business can apply for both an Economic Injury Disaster Loan and a Payroll Protection Program Loan as long as they don't pay for the same expenses. Loans are available available through December 31, 2020.

To apply for the COVID-19 Economic Injury Disaster Loan, click here

Summary and Qualifications:

  • The organization cannot have more than 500 employees. 
  • Businesses; sole proprietorships, with or without employees, or independent contractors; cooperatives, Employee Stock Ownership Plans (ESOP); tribal small businesses; and agricultural cooperatives, aquaculture enterprises, nurseries, or producer cooperatives can apply.
  • Private non-profit organizations that are a non-governmental agency, 501(c),(d),or (e), or have satisfactory evidence from the State that the non-revenue producing organization or entity in a non-profit, or a faith-based organization can apply.
  • Agricultural enterprises (farms) that are not aquaculture enterprises, agricultural cooperatives or nurseries are not eligible.
  • Lobbyists and state, local or municipal governments are not eligible. 
  • Availability is from January 31, 2020 through December 31, 2020; the organization must have been in operation since January 31, 2020.
  • The loan size can be up to $2,000,000.
  • Loans less than $200,000 do not require a personal guarantee.
  • Interests rates are 2.75% for nonprofits and 3.75% for small businesses.
  • Terms are up to 30 years.
  • The loan can be used for a variety of expenses including, but not limited to, accounts payable, fixed debts, payroll, sick leave, production costs, debts, rent and mortgage, and other bills due to the virus.
  • An emergency grant of $10,000 can be provided before loan approval if used to cover certain payroll, supply chain and other specified costs.
  • The loan may not be used for refinancing, expansion, growth of any kind, or infrastructure improvements.

Paycheck Protection Program

The Paycheck Protection Program provides cash-flow assistance to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans will be forgiven The PPP features forgiveness of up to eight weeks of payroll based on employee retention and salary levels, no SBA fees, and at least six months of deferral with maximum deferrals of up to a year. Small businesses and other eligible entities are eligible to apply if they were harmed by COVID-19 between February 15, 2020 and June 30, 2020. This program is retroactive to February 15, 2020. Loans are available through June 30, 2020. Applications April 3, 2020 for small business and sole proprietorships, and April 10, 2020 for independent contractors and self-employed individuals. 

Download the application hereBusinesses can apply with any through any SBA lender or through any participating federally insured depository institution, federally insured credit union and Farm Credit System institution. Consult with you local lender to find out if they are participating or click here for a list of SBA lenders. 

For detailed information, click here
Find a lender here


Summary and Qualifications:

  • Loans will be forgiven provided the loan is used to cover payroll costs, mortgage interest, rent, and utilities over the eight week period after the loan is made and employee compensation levels are maintained. 
  • Payroll costs are capped at $100,000 (annualized) per employee.
  • Not more than 25% of the forgiven amount can be used for non-payroll costs.
  • Loan payments are deferred for six months.
  • All businesses including nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors with 500 or fewer employees can apply.
  • Businesses in certain industries with more than  500 employees may qualify.
  • Payroll documentation is required with the application.
  • SBA requirements to first attempt to obtain funds from other sources are waived.
  • There is a funding cap on this program and applying soon as possible is encouraged.
  • You will owe money if the loan is used for anything other than payroll, mortgage interest, rent and utilities payments over the eight weeks after loan origination. 
  • You will owe money if you do not maintain your staff and payroll. 
  • Interest rate is up to 4% with a 10 year term.
  • Loan amounts are the lesser of $10,000,000 or 2.5 times the average monthly payroll costs for the one year period before the loan is originated.
  • No personal guarantees or collateral are required.
  • The covered period begins February 15, 2020 and ends on June 30, 2020.
  • The application deadline is June 30, 2020

Small Business Debt Relief Program

This program provides immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, the SBA covers all loan payments on these SBA loans, including principal, interest, and fees, for six months. This relief is also available to new borrowers who take out loans within six months of the President signing the bill into law. This relief program does not apply to Paycheck Protection Program (PPP) loans. 


Summary and Qualifications:

  • The SBA will pay the principal, interest, and fees of current 7(a) loans for a period of six months.
  • The SBA will also pay the principal, interest, and fees of new 7(a) loans issued prior to September 27, 2020.
  • 7(a) loans, 504 loans, and microloans are eligible including new loans taken out within six months of the President signing the bill into law.
  • Paycheck Protection Program (PPP) and Disaster Loans are not eligible
  • Businesses must meet size standards, be based in the U.S., be able to repay, and have a sound business purpose.
  • 7(a) loans provide up to $5 million for borrowers who lack credit elsewhere and need access to versatile financing, providing short-term or long-term working capital and to purchase an existing business, refinance current business debt, or purchase furniture, fixtures and supplies.
  • The 504 Loan Program provides loans of up to $5.5 million to approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. It is a good option if you need to purchase real estate, buildings, and machinery.
  • The Microloan Program provides loans up to $50,000 to help small businesses and certain not-for-profit childcare centers to start up and expand. The average microloan is about $13,000.

Express Bridge Loan Pilot Program

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge LoanThese loans will be repaid in full or in part by proceeds from the EIDL loan.

Click here for details of the Express Bridge Loan Pilot Program


SBA Express Loan

The SBA Express Loan provides small businesses with a term loan or a line of credit of up to $1,000,000 (previously $350,000). The loans are similar the SBA 7(a) loan, but they can be approved or denied within 36 hours. If approved, funds become available within 90 days. Lenders currently authorized to make 7(a) loans are automatically approved to make SBA Express Loans. These loans provide long-term working capital to purchase real estate, equipment, furniture, machinery, supplies, and materials, and cover construction or renovation costs. These loans are not forgivable. 


Resource Partners: Free Counseling

If you need a business counselor to guide you through these and other programs or just need business advice, the Small Business Development Center (SBDC), Women’s Business Center (WBC), or SCORE mentorship chapter can assist you with free counseling. These resources have up-to-date information regarding COVID-19 and small businesses. Additionally, the Minority Business Development Agency's Business Centers (MBDCs), can provide programming to help their clients respond to COVID-19. 

Click here, to locate these services near you

Additional Relief Programs

Employee Retention Credit for Employers Subject to Closure or Experiencing Economic Hardship

This provision would provide a refundable payroll tax credit for 50 percent of wages paid by eligible employers to certain employees during the COVID-19 crisis. The credit is available to employers, including non-profits, whose operations have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings. The credit is also provided to employers who have experienced a greater than 50 percent reduction in quarterly receipts, measured on a year-over-year basis.

Wages of employees who are furloughed or face reduced hours as a result of their employer’s closure or economic hardship are eligible for the credit. For employers with 100 or fewer full-time employees, all employee wages are eligible, regardless of whether an employee is furloughed. The credit is provided for wages and compensation, including health benefits, and is provided for the first $10,000 in wages and compensation paid by the employer to an eligible employee. Wages do not include those taken into account for purposes of the payroll credits for required paid sick leave or required paid family leave, nor for wages taken into account for the employer credit for paid family and medical leave (IRC sec. 45S).

The credit is not available to employers receiving assistance through the Paycheck Protection Program. The credit is provided through December 31, 2020.

Delay of Payment of Employer Payroll Taxes

This provision would allow taxpayers to defer paying the employer portion of certain payroll taxes through the end of 2020, with all 2020 deferred amounts due in two equal installments, one at the end of 2021, the other at the end of 2022. Payroll taxes that can be deferred include the employer portion of FICA taxes, the employer and employee representative portion of Railroad Retirement taxes (that are attributable to the employer FICA rate), and half of SECA tax liability.

Deferral is not provided to employers receiving assistance through the Paycheck Protection Program.