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Limited Grant Opportunity

Application open today: U.S. Chamber Foundation’s Save Small Business Fund.

In an effort to support small businesses during this unprecedented time, we are pleased to share that Travelers is a launch partner of the U.S. Chamber Foundation’s Save Small Business Fund. This Fund will provide assistance to small business owners impacted by the coronavirus through $5,000 grants to eligible small employers in the U.S. and its territories. Grant applications are open today, Monday, April 20, 2020, so we encourage you to visit www.savesmallbusiness.com for information on eligibility, grant timelines, and more. Please feel free to share this information with other small businesses in your networks that might be in need.

At the Travelers Institute, we understand the far-reaching impacts of small businesses on families, communities and the economy, and are pleased to help offer this support during this difficult time.

The Travelers Institute team

Travelers Institute


1 Tower Square | Main South, 8th Floor  

Hartford, CT 06183

institute@travelers.com | travelersinstitute.org


– Employ between 3 and 20 people

– Be located in an economically vulnerable community

– Have been harmed financially by the COVID-19 pandemic

As a test, the zip codes of Dallas Metropolitan SBDC and an adjacent neighborhood, 75215 and 75226, both qualify!

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SBA Disaster Loan Quick Summary

update 4-16-20:

The PPP Loan program for Independent Contractors and Sole-Proprietorhsips is planned to launch Friday April 17.

update 4-17-20:

The PPP Loan program for Independent Contractors and Sole-Proprietorhsips has launched as of Friday April 17. Contact a participating lender.

update 4-18-20:

SBA has announced that funding has been exhausted for the PPP and EIDL programs and no further applications will be accepted pending additional funding.

update 4-20-20:

News outlets are reporting that Congress and the Administration are negotiating an additional $370B for the EIDL, PPP and other disaster assistance programs, and expected to pass Tuesday April 21, 2020.

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SBA COVID19 Disaster Assistance Links

SBA.gov information:


EIDL application itself:


an SBA bank list resource 1:

(refer to page 29 of the Resource Guide)


SBA bank resource 2:

an Excel List of SBA lenders


A organization of SBA lenders:


A US Treasury Fact Sheet:


US Treasury PPP website:


US Treasury PPP FAQ


NDC – PPP application webinar

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PPP Loan Summary Presentation

Click to view or download a PDF version of a presentation about the SBA Paycheck Protection Program, presented by Dallas Metropolitan SBDC.

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Additional SBA Disaster Loan Assistance (Debt Relief)

In addition to the SBA Economic Injury Disaster Loan (EIDL) and EIDL Loan Advance, and the Paycheck Protection Program (PPP), there are additional assistance programs some business owners need to know about.

SBA has two additional programs, SBA Bridge Loans and SBA Debt Relief

For existing SBA 7(A) and 504 Loan borrowers, the SBA is offering important Debt Relief!

As part of SBA’s debt relief efforts,

  • The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
  • The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.
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Strategies to Recover from Disaster

Business Resiliency Guide: Keeping the Lights on

Materials Now Available
America’s SBDC, Grow with Google and the Washington SBDC Network teamed together to bring small businesses across the country a Small Business Resiliency Guide.

The materials covered; · Identify your critical resources · Plan to use alternative resources · Respond with your plan · Bring your business back to normal PLUS · Discover Google tools that can help you work and manage your business during this time of uncertainty · Get insights on more online and timely resources for small businesses
Get the Resiliency Guide & Materials
Learn more about Grow with Google

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COVID19 Disaster Assistance (4-18-20 Update)

Congress is working with the Administration on a new appropriation bill to further fund the SBA PPP and EIDL emergency assistance programs.

CNBC reports:

•   As of Sunday night, Senate Democrats and Republicans were negotiating a deal that would allocate $310 billion more into the Paycheck Protection Program, setting aside $60 billion for rural and minority groups
•   The remaining $60 billion would go to the Economic Injury Disaster Loan program, a separate program offering loans for small businesses.
•   Treasury Secretary Steven Mnuchin told Republicans on a call Sunday afternoon that open items are limited to increased federal funds for coronavirus testing.
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SBA PPP Loan Program for Independent Contractors

update 4-16-20

When originally launched, the SBA Paycheck Protection Program (PPP) loans were targeted at employers of W-2 employees.

On Friday, April 17, a new PPP program will launch for sole-proprietorships and independent contractors.

As with the original PPP Loan program, these are facilitated through local banks. You will need to find a participating bank to accept your application. The SBA has a lender tool on their website.

Your federal income tax filings will be the primary documentation, specifically Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship)

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New Details About the EIDL Loan Advance

When the SBA Economic Injury Disaster Loan (EIDL) Loan Advance program was announced, information only stated “up to $10,000”. We have now learned the amount will be calculated as $1,000 per employee.

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Gov Abbott, Goldman Sachs, LiftFund Announce $50M


Governor Abbott, Goldman Sachs, LiftFund Announce $50 Million in Loans For Texas Small Businesses