CoronaVirus

Your Business and the Coronavirus

With the U.S. reporting an increased number of Coronavirus (COVID-19) cases, it’s important that businesses of all sizes and sectors continue to monitor the situation and are as prepared as possible to protect the health of their workers. Please use this page to view the latest updates and resources.    

Paycheck Protection Program

Quick Links: 

For a top-line overview of the program CLICK HERE 
If you’re a lender, more information can be found HERE
If you’re a borrower, more information can be found HERE
The application for borrowers can be found HERE

Paycheck Protection Fact Sheet

Lake Houston Area Banks and Credit Unions

The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

Fully Forgiven
Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

Must Keep Employees on the Payroll—or Rehire Quickly
Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

All Small Businesses Eligible
Small businesses with 500 or fewer employees—including most nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors— are eligible. Businesses with more than 500 employees are eligible in certain industries.

When to Apply
Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.

How to Apply
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. All loans will have the same terms regardless of lender or borrower. A list of participating lenders as well as additional information and full terms can be found at www.sba.gov.

The Paycheck Protection Program is implemented by the Small Business Administration with support from the Department of the Treasury. Lenders should also visit www.sba.gov or www.coronavirus.gov for more information.

CARES Act

The Coronavirus Aid, Relief and Economic Security (CARES) Act, $2 trillion stimulus bill designed to help families and businesses hurt by the Coronavirus epidemic. 

Coronavirus Emergency Loans Small Business Guide and Checklist

Read the bill here.

Officially signed into law on 3/27/2020.

 

Tax Deadline Extended 

Internal Revenue Service (IRS) Coronavirus Tax Relief Website:

The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the Coronavirus.

Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed

SBA Daily Webinars  March 30th – April 3rd

Join mobile +1 346 248 7799 US (Houston)

SBA Webinar 8:30 am // Meeting ID: 394 322 660

SBA Webinar 10:30 am  // Meeting ID: 847 743 171

SBA Webinar 1:30 pm // Meeting ID: 594 295 768

SBA Webinar 3 pm // Meeting ID: 109 522 548

#LHAOpen4Biz 

If your business is operating, we want to help let the community know. Please take the #LHAOpen4Biz Business Survey to be listed on our #LHAOpen4Biz webpage, www.LHAOpen4Biz.com.

SMALL BUSINESS RESOURCES

U.S. Small Business Administration

Office of Governor Greg Abbott

Small Business Development Center

U.S. Chamber of Commerce

Association of Chamber of Commerce Executives

Community Updates as of 4-1-20

Schools
  • Humble ISD schools closed through Friday, May 1, in alignment with Governor, County Judge, and Mayor stay home-work safe orders. Online learning and meal distribution will continue while buildings are closed. Check https://www.humbleisd.net/coronavirus for updates.
  • All Lone Star College-Kingwood facilities are closed through April 30. LSC Online classes resumed March 23 and all remaining online classes resume April 13. Click here to see which classes will be moved online and which remain face to face. To learn more about how LSC is responding to this developing situation and find important student resources check http://www.lonestar.edu/coronavirus for updates .

Curbside Meals at Schools

Chamber Events
  • Postponing all scheduled events and programs through April 3.
  • Committee meetings will proceed with call-in options.
  • Postponed: Teacher of the Year (March 17), Legislative D.C. Trip (4/20-22)
  • Live Stream Kingwood BizCom (April 2, 11 am) via YouTube https://www.youtube.com/user/MyChamberChannel and Facebook @LHAChamber
City of Humble

 

  • COVID 19 updates at http://www.cityofhumble.com/COVID-19.html
  • Canceled large gatherings at Humble Civic Center
  • Closed Humble Senior Center
  • Canceled Good Oil Days and Music on Main Street
  • They decided to keep the Senior bus running
  • 3/17 implementing Harris County Judge order to close restaurants, bars, clubs, social activity centers and gyms. The order is effective 8am. 15 days
  • Restaurants must operate as delivery/takeout,drive-through only.
  • Bars and Clubs must close
  • All gatherings should be cancelled or postponed
City of Houston
  • Turner signed an Emergency Health Declaration
  • Month of March canceled all City produced, sponsored, and permitted events; including HLSR and Tour de Houston
  • People who are sick need to stay home
  • Avoid hospitals, long term care facilities or nursing homes
  • COVID 19 updates at houstonemergency.org
  • Houston’s fifth case of COVID 19 . The new presumptive positive case is a man in the 50 to 60 age range with a history of international travel. He is hospitalized but in good condition
  • 3/17 Restaurants must operate as delivery/takeout,drive-through only.
  • 3/17 Bars and Clubs must close for 15 days
  • 3/17 All Houstonians stay away from groups of 10 or more
  • 3/17 9am City council will meet in emergency session
Harris County
  • Disaster Declaration for Harris County signed
  • All senior activities and gatherings over 250
  • Canceled all County permitted events
  • Suspended jury service
  • HCTRA not handling cash at tolls
  • Canceled Community Outreach meetings
  • Encouraging work from home
  • readyharris.org
  • Follow Harris County Public Health
  • Nurse hotline, free 713-634-1110
  • 3/15 Two positive cases added ; total 8
  • 3/16 Law Library suspended “in person” services, expanded virtual services
  • 3/17 Judge Hidalgo ordered all restaurants, bars, clubs and social gatherings to close at 8am; only drive-through, delivery and limited pick up. 15 days
  • 3/17 All Harris County libraries locations are closed
State of Texas
  • Declared a State Disaster Declaration
  • The State is well prepared for laboratory testing at both public and private labs. Texas public health labs, 273 per day. This will scale up to 1000 per week – Labcorp and Quest
  • To receive a test for COVID-19, the current protocols require a doctor’s order and recommendation.
  • Drive through testing will be available in San Antonio for first responders and medical , then Austin, Dallas and Houston
  • Restrict hospital and nursing homes; protect the most vulnerable. And jail visitors
  • AG can go after price gougers
  • Encourage telemedicine and work from home
  • The federal emergency supplemental funding for COVID-19 was signed by President Trump last Friday with an initial appropriation of $35.2 million allocated to Texas for preparedness.
  • dshs.state.tx.us/coronavirus/
  • 3/14 Boost in medical supplies
  • 3/14 fast-tracking temporary licensing for certain out-of-state medical professionals.
  • 3/15 Allowing trucks from the alcohol industry to deliver grocery supplies provides grocers with another private-sector option to keep their shelves stocked.
  • 3/15 issued a temporary extension for all active driver’s license and identification cards that expire on March 13th or within the 60 days after the end of this State of Disaster.
  • 3/16/20- Governor waived STAAR testing requirements for the 2019-2020 school year.
  • 3/17 SA, Austin and Dallas opened first drive thru testing facility
  • 3/16 Waive TX vehicle registration, parking placards for persons with disabilities
  • 3/17 Governor Abbott allows telephonic or videoconferencing meetings to maintain government transparency.

Latest Updates