September 20, 2020
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By Gail M. Williams
Muleshoe Journal Correspondent

Muleshoe EDC director Carina Reyes reminds business owners that there may be relief through programs that have been set up during the COVID-19 pandemic. A letter from the director follows:
Dear Muleshoe Business Leader,
I find it appropriate to begin by thanking God for the health of our community. While there are no confirmed cases in Bailey County, I understand that your business has either been affected or is preparing for the possibility of becoming affected by the COVID-19 pandemic. Whether your business has recently been faced with an unusual challenge, or maybe your levels of uncertainty are rising, please know that the Muleshoe EDC is here to serve you.
There is a lot of information out about the coronavirus right now, and it’s all changing very quickly. I’ve done my best to compile a list of useful resources to help you stay informed and aware of the assistance that is available to you.
As for the City of Muleshoe and Bailey County, there has been the organization of an Emergency Management and Communications Committee. For accurate updates, please follow the City of Muleshoe’s Facebook page where Police Chief and Emergency Management Coordinator, Gary McHone, will be sharing video messages to keep the public informed.
In a further letter, Reyes writes:
If you are considering applying for the Economic Injury Disaster Loan or the Paycheck Protection Program, these resources will be helpful for you.
America’s Small Business Development Center (SBDC) at Texas Tech University has set up a “Hub City Small Business Triage” toll-free hotline to answer questions and provide support. Muleshoe falls in the region supported by the SBDC at TTU, and I want you to know that there are SBDC representatives working harder than ever to help you and your business.
The Hub City Small Business Triage is hosting FREE webinars three days out of the week! These webinars explain the program, walk through the applications, and answer any questions.
Hotline # for Assistance with Your Loan Application: 1-800-992-7232 Link to Register for the https://bit.ly/3cjyKpG webinar: Rq1WA3dGduloSRJJOUBLNYGy3UdxWaisJs$
Please let me know if I can connect you with any other resources.
Resources and contacts are listed below:
Coronavirus Emergency Loans
Prepared by the U.S. Chamber of Commerce
The Small Business Owner’s Guide to the CARES Act
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was passed by Congress and signed by President Donald Trump in late March 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
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.
Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
You are eligible if you are:
• A small business with fewer than 500 employees
• A small business that otherwise meets the SBA’s size standard
• A 501(c)(3) with fewer than 500 employees
• An individual who operates as a sole proprietor
• An individual who operates as an independent contractor
• An individual who is self-employed who regularly carries on any trade or business
• A Tribal business concern that meets the SBA size standard
• A 501(c)(19) Veterans Organization that meets the SBA size standard
In addition, some special rules may make you eligible:
• If you are in the accommodation and food services sector (NAICS 72), the 500-employee rule is applied on a per physical location basis
• If you are operating as a franchise or receive financial assistance from an approved Small Business Investment Company, the normal affiliation rules do not apply
REMEMBER: The 500-employee threshold includes all employees: full-time, part-time, and any other status.
For more guidance and resources for small businesses, visit uschamber.com/co
PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERS
The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same.
The loan amounts will be forgiven as long as:
The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and
Employee and compensation levels are maintained. Payroll costs are capped at $100,000 on an annualized basis for each employee. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.
Loan payments will be deferred for 6 months.
You can apply through any existing SBA lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. Visit www.sba.gov for a list of SBA lenders.
Coronavirus Information & Resources for Texas Employers
Office of the Commissioner Representing Employers
An FAQ addresses the concerns of employers. For example, the first question addresses the concerns of employers who might be ordered to close their business’s doors to control the pandemic. There are 12 questions and answers, along with many links and a Resource Guide for further information.
To view the FAQ sheet, go to https://www.twc.texas.gov/news/covid-19-resources-employers. FAQ link is at the bottom of the first page.
Economic Injury Disaster Loan
For information, go to SBA.gov/disaster and click on the Coronavirus (COVID-19): Relief Options and Additional Resources at the top of the page. Content includes:
Coronavirus Funding Options
Guidance for Businesses and Employers
Local Assistance
Join the SBA’s Relief Efforts
SBA Products and Resources
Government Contracting
Several links are provided for those who want further information.

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