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COVID-19 Information

The Buda EDC offers one-on-one assistance to help businesses navigate the Application process for SBA Loan's related to COVID-19. 

Helpful Links

 

Additional Funding Sources

  • www.money.com - Our team has been working around the clock and do our part for small businesses. We have an article dedicated to commercial lenders looking to meet this demand head-on as fast as possible and are offering competitive rates and timely diligence on top of it all. Please click the link to find out more. 

 

Government Announcements

Governor's Strick Force to Open Texas

EDA CARES ACT Recovery Assistance

Re-engaging the Texas Economy

Governor Abbot Announces New TWC Guidance For Unemployment Claimants

 

Local Resources

City of Buda  - Coronavirus (COVID 19) Helpful Information

Buda EDC / City of Buda Still Budaful Stimulus Program

Buda Area Chamber of Commerce  - COVID-19 Resources and Information

Baylor Scott & White Health Systems  - As we navigate the COVID-19 pandemic together, we are developing new protocol with your safety and convenience in mind. We have implemented patient and visitor precautions and transitioned to virtual care where appropriate. We have also made updates to our billing policies during this time and continue to offer financial assistance to those with financial hardships. Please read below to see how these enhancements may affect you.

Regional Resources

Hays County COVID-19 Resources for Residents  - Hays County is sharing this list of resources for residents who have lost their jobs or need food, mental health support, or other assistance due to the COVID-19 pandemic. Resources are also available for small businesses and nonprofits. Persons who need help and live within a city limit in Hays County should also check their city’s website for additional assistance that may be available. 

Hays County Emergency Information

Hays County – COVID-19 Social Distancing Scoreboard 

Small Business Development Center (SBDC) - 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 will provide 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 will not have to be repaid.

SBDC Virtual Advising  - Business advisors and staff at the University of Houston Texas Gulf Coast Small Business Development Center (SBDC) Network are working hard to support small business owners who are facing unprecedented and steep challenges during the COVID-19 pandemic, which the World Health Organization declared a pandemic on Wednesday, March 11. Our commitment is to share the most timely information, processes and resources available.

Workforce Solutions Rural Capital Area

Greater San Marcos Partnership  - As the economic development agency that serves the City of San Marcos and Hays and Caldwell counties, the Greater San Marcos Partnership (GSMP) is working diligently during this time of uncertainty to support the business community throughout the Greater San Marcos region.

Austin Chamber of Commerce 

 

State Resources

Office of the Governor Economic Development

State of Texas Payroll Protection (PPP)  - The Paycheck Protection Program provides economic relief to small businesses negatively affected by the COVID-19 pandemic. LiftFund will be participating in the PPP for limited locations in our footprint. 

SBA Lenders in Buda

SBA 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.

SBA Express Bridge Loans

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 vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans 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 Loan.

COVID-19 Resources

Governor’s Small Business Assistance Team 

 

Office of Senator Cornyn

COVID-19 Information 

Texas Economic Development Council (TEDC)

Texas Workforce Commission

Texas Department of State Health Services - The Texas Department of State Health Services (DSHS) is working closely with the Centers for Disease Control and Prevention (CDC) in responding to the new coronavirus disease 2019 (COVID‑19) that is causing an outbreak of respiratory illness worldwide.

Texas Restaurant Association - The COVID-19 pandemic crisis has brought upon the restaurant industry a challenge of catastrophic magnitude. The Texas Restaurant Association has been fighting daily to support the evolving needs o the more than 50,000 restaurants throughout the State of Texas and the 1.4 million workers they employ. To respond to this immediate need, we have established the TX RESTAURANT RELIEF FUND thought the Texas Restaurant Association Education Foundation, which is a 501(c)3 non-profit focused on the education and development of Texas’ restaurant industry workforce.

Texas Women’s University Grant for Women Owned Businesses 

SCORE - For over 50 years, SCORE has served as America’s premier source of free business mentoring and education. As a resource partner of the U.S. Small Business Administration (SBA), SCORE has helped more than 11 million entrepreneurs through mentoring, workshops and educational resources since 1964.  

SCORE Business Resources and Operations Updates

 

National Resources

 National Coronavirus Information 

CARES Act - The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

Emergency Injury Disaster Loans & Emergency Injury Grants (EIDL) - In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.

IRS Coronavirus Stimulus - You can check the status of your stimulus payment here.

Main Street Lending ProgramThe Federal Reserve Board has announced it is expanding the scope and eligibility for the Main Street Lending Program. As part of its broad effort to support the economy, the Federal Reserve developed the Main Street Lending Program to help credit flow to small and medium-sized businesses that were in sound financial condition before the pandemic.

Google & Facebook's Small Business GrantsGoogle unveiled an $800 million plan to help support small businesses affected by the economic disruption caused by COVID-19. The company allocated $340 million of this money for Google Ads credits to small businesses so these businesses can stay in touch with their customer base.