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Fort Worth Chamber hosts Leaders Online highlighting Funding Resources for Small Business

Posted on: 03/23/2020

FORT WORTH, TX – The Fort Worth Chamber of Commerce hosted its third Leaders Online Monday, March 23 via Zoom and Facebook Live.

 

The event, a Zoom Webinar livestreamed to Facebook, featured Kemmiko Grant, EMBA, SBDC Business Advisor at Tarrant County College. SBDC is grant funded through the state of Texas, and hosted by TCC.

 

Grant walked viewers through the SBA’s Economic Injury Disaster Loan program, as well as the application process.

 

SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for small businesses to pay fixed debts, payroll, accounts payable and other bills that can’t be paid do to COVID-19’s economic impact. The interest rate is 3.75% for small businesses, 2.75% for non-profits with a maximum term of 30 years.

 

View the SBA Fact Sheet HERE.

 

When applying for an economic injury disaster loan, applicants should be prepared to submit the following:

  • Completed application (Form 5)
  • Signed and dated IRS-Form 4506-T
  • 3 years of tax returns
  • Personal Financial Statement (SBA Form 413) from each principal owner (20%+).
  • Scheduled liabilities

Grant encouraged hesitant applicants to go ahead and apply and to not disqualify themselves if wondering about their eligibility.

“SBA and SBDC are here to help you get back on your feet,” said Grant, “We understand that small businesses are the root of our economy. Without you, there would be no me.”

For more information, visit tarrantsbdc.org or contact the SBDC at (817) 515-2603.

“As a chamber of commerce, it is our responsibility to provide guidance and resources for our small business members in these trying times,” said Chris Strayer, Executive Vice President of Economic Development for the Fort Worth Chamber of Commerce, “We hope this series of events is informative and useful for our members as they navigate this situation.”

 

Watch the full video here.

The series, an alternative to in-person programming, was created to assist Fort Worth Chamber members with obstacles related to the COVID-19 pandemic. Leaders Online features industry experts via virtual livestreams to answer questions and guide local employers in situations they’re likely not familiar with, associated with COVID-19.

The Chamber will host Cameron Cushman, Director, Innovation Ecosystems at UNT Health Science Center on Wednesday, March 24 at 2:00 pm CST to discuss Start Up Resources.

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About the Fort Worth Chamber of Commerce

The Fort Worth Chamber of Commerce, with 1,700 member businesses, is one of the largest chambers in the North Texas region. Through its core functions of business attraction and retention, talent development, small business and entrepreneur support, and government advocacy, the Chamber’s vision is to drive the Fort Worth region to be the most thriving, inviting community for all. Contact the Fort Worth Chamber of Commerce at (817) 338-2491 or visit http://www.fortworthchamber.com/

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