Financial Assistance for Businesses during COVID-19

To assist businesses during this difficult time, the City of Southlake Economic Development & Tourism team has pulled together resources for businesses to use if they need financial assistance. Click on each tab for information and access to that resource.
  1. Small Business Administration
  2. Texas Comptroller of Public Accounts
  3. Texas Women's University
  4. Texas Restaurant Association
  5. Local Initiatives Support Corporation
  6. Facebook
Small Business Administration

Economic Injury Disaster Loan Program
The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). 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. More information can be found by clicking HERE.

For questions, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov. You can also obtain the U.S. Chamber of Commerce Coronavirus Emergency Loans Small Business Guide and Checklist or visit the U.S. Chamber of Commerce website by clicking here.

​Updates:


March 20, 2020: Governor Greg Abbott today announced that the U.S. Small Business Administration (SBA) has included the entire state of Texas in its Economic Injury Disaster Declaration and granted access to its Economic Injury Disaster Loan (EIDL) program, which will provide long-term, low-interest loans to qualifying businesses across the state. Click here for the to begin the loan application through the SBA website.

Paycheck Protection Program (PPP)
The Paycheck Protection Program (PPP) is specifically designed to help small businesses
keep their workforce employed and assist with payroll and other business operating expenses. It will
provide critical capital to businesses without collateral requirements, personal guarantees, or SBA fees.
All loan payments will be deferred for six months. Most importantly, if employers maintain their
payroll, certain portions of the loans can be forgiven, including payroll, interest on mortgage
obligations, rent and utility payments. Find more information from the U.S. Department of the Treasury by clicking here.