Coronavirus (COVID-19) SBA Disaster Assistance in Response to the Coronavirus
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
Read More HERE
The Dallas Metropolitan SBDC can assist you!
The SBDC offers free and low cost workshops, seminars and courses geared to the needs of small businesses. Utilizing qualified professionals recruited from the business world, the SBDC provides hands on, expert instruction on various business topics, such as introductory topics for those planning to start a business to more advanced topics aimed at the experienced small business owner.
A ‘shelter-in-place’ order has been issued by Dallas County Judge Clay Jenkins and is currently in effect for all of Dallas County through April 30.
The Bill J Priest campus of DCCCD, our Dallas Metropolitan SBDC physical offices, and all DCCCD facilities, are closed.
The Dallas Metropolitan SBDC is OPEN and still assisting clients and small businesses of our community remotely.
For immediate assistance:
New Clients, please complete our Client Needs Assessment on our Home Page and a staff member will get with you shortly.
Existing Clients, please email your Business Advisor directly.
General questions, please email us using the web contact form HERE.
Dallas Metropolitan SBDC is committed to assisting small businesses through this difficult time. Please let us know what we can do.
You can also call our main number, (214) 860-5848, and Catherine Lee, our Administrative Assistant, will return your call as soon as possible.
The Dallas Metropolitan Small Business Development Center in partnership with the U.S. Small Business Administration and the Dallas County Community College District, offers free and confidential one-on-one counseling for existing and start up businesses in Dallas County. Learn more about our services and necessary steps to schedule an appointment.
The Dallas Metropolitan SBDC offers training on a variety of business topics. Visit our training calendar for upcoming seminars and events.
View links to helpful websites, download templates and worksheets, and learn more about our resource partners.
(3-31-20 Update)
The SBA Economic Injury Disaster Loans for small businesses is live and operational. All SBA Business owners should apply online at the Disaster Loan Application Portal at https://covid19relief.sba.gov/#/ .
Briefly, EIDL will assist up-and-running businesses pay their expenses. This can include rent, utilities, payroll, insurance, etc. Terms will be 3.75% fixed for 30-year, with no prepayment penalty. It will be based on ability to repay and credit score will be considered. Collateral requirements are variable. The process has been streamlined.
Businesses can also apply for a Loan Assistance Advance of up to $10,000. This advance will NOT have to be repaid.
Exact criteria and details are constantly being assessed and new congressional bills amend these programs. Please visit the SBA website for the most up to date information. You can learn more about the full range of SBA Disaster Assistance Programs HERE.
The EIDL electronic loan application will be screened by the SBA processing center when it is received. You will be assigned a case manager that you will communicate with.
Please periodically check the SBA website for more information: https://www.sba.gov/disaster
Please contact the Dallas Metropolitan SBDC for assistance in these and all other small business matters.
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.
