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Relief Bill Passes for Small Businesses - Funds Available Monday, April 27
04/24/2020

From Representative Erin Zwiener's Office

 

On Thursday evening the next COVID-19 relief bill passed the House (and the Senate earlier this week). President Trump signed the bill into law today. As part of this latest relief package, $310 billion in new funds will be allocated for the Paycheck Protection Program, which gives loans to struggling small businesses but ran out of funding over a week ago. The funds will be available Monday, April 27th at 10:30 am EST/9:30 am CST. Below we have prepared the list of documents small businesses can begin to gather. This way, when the funds become available small businesses will be prepared to apply for them.

 

List of Required PPP Application Documents:

  1. Basic information about your business and how to contact you
  2. Average monthly payroll costs
  3. Details of full-time employees and their payroll costs (include names and monthly eligible compensation)
  4. 2019 Tax Forms (all four quarters of 2019, and Q1’20 if available)
  5. Proof of mortgage or rent, mortgage interest, and utility expenses
  6. Articles of Incorporation/Organization (must have the established date)
  7. Verification of all owners of over 20%
  8. Copies of a government-issued ID for all individuals owning 20% or more of the business
  9. Email addresses for all individuals owning 20% or more of the business
  10. Proof of Active and Good Standing status of the business
  11. Completed SBA PPP Application form
  12. Electronic funds transfer information

 

Reminder: Per CDC Guidelines, please continue to use cloth face coverings to help slow the spread of COVID-19

 

Please find below information detailing updates to the DSHS website, including on donating plasma. The U.S. Food and Drug Administration (FDA) has indicated that those who have fully recovered from COVID 19 may be able to help patients currently fighting the disease by donating plasma.  

 

Governor Abbott also announced this week the initial COVID-19 Federal Assistance Trainings for Local Leaders and the details of that can be found below.

 

Finally, you’ll find “An Independent Contractors Guide to CARES Act Relief” from the U.S. Chamber of Commerce and updates from the City of Austin and City of San Marcos.

 

If you have any questions about anything related to these issues, email or call Texas House Representative Erin Ziener's Office, District45.Zwiener@house.texas.gov or 512-463-0647.


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