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Workforce Solutions Rural Capital Area

COVID-19 Emergency Small Business Programs

Community Funding Options

Our Rural Capital Area community partners are offering Emergency Small Business Programs to assist local employers in sustaining their operations amid coronavirus (COVID-19) concerns. 

Here are some of the opportunities available by county:

Bastrop County

Bastrop Economic Development Corporation COVID-19 Relief Fund

In an effort to mitigate the economic impact of the COVID-19 pandemic on our local businesses and economy, the Bastrop Economic Development Corporation is making cash relief grants available. These grants will help local businesses retain the employees and resources needed to survive during these trying times. The grants will be made available pending final approval of the BEDC and its Board of Directors. Grants will be provided only to businesses within the city limits of the City of Bastrop.

For more information visit the Bastrop EDC's website: click here.

Caldwell County

Lockhart COVID-19 Economic Recovery Loan

The City of Lockhart is implementing a COVID-19 Emergency Loan Program to provide assistance to local businesses suffering from financial impacts related to the COVID-19 (coronavirus) pandemic.

The purpose of this program is to provide working capital for personnel costs, rent, utilities, etc. for existing small business enterprises within the city of Lockhart, Texas.

The City will provide loans in the amounts of $5,000 with a possible additional $2,500, according to the operation needs of the business. If the applicant’s business is currently closed due to the COVID-19 pandemic, that business will receive $5,000 to help with overhead costs.

If the business is still operating, such as a restaurant and also has personnel costs, that business will be eligible for an additional $2,500 for a maximum of $7,500. All loans will have a 36-month repayment schedule and will not be charged interest if paid in full by the maturity date. A promissory note must be executed. No payments will be required prior to October 1, 2020.

The application period for this loan will remain open until September 30, 2020; until funding has been exhausted; or until the City determines that its program goals have been satisfied.

Learn more: click here.

Fayette County

La Grange EDC COVID-19 Emergency Forgivable Microloan Fund

The La Grange Economic Development Corporation has designated $100,000 to an emergency forgivable COVID-19 microloan fund. These forgivable microloans will be underwritten, approved, and serviced by a non-profit, BCL of Texas, with 30 years of lending experience in serving rural communities. The forgivable microloan proceeds can be used to cover rent, utilities, payroll and/or other operating expenses.

Locally-owned, independent businesses with fewer than 50 employees that have been ordered to change their services due to the coronavirus are eligible. The business must rent or own space in a commercial storefront in the City limits of La Grange. Home-based businesses are not eligible.

These forgivable microloans will be up to $2,500 for each business. During the first three (3) months the loan will be deferred (no payments). The following three (3) months will require repayment installments. These installments will total $250 for the entire three month period and will be used to pay it forward as it will go back into the loan fund to help other businesses. After the initial six (6) months, the remainder of the loan will be forgiven.

To apply, click here.

La Grange EDC Utilities Grant

The La Grange EDC has designated $10,500 to a Utilities Grant Fund to assist locally-owned independent restaurants within the City limits of La Grange with a grant of $500 each to help cover the cost of utility bills.

Locally-owned, independent restaurants within the City limits of La Grange that have been ordered to change their services due to the coronavirus are eligible. Grants will be awarded at a maximum of $500 for each business to help cover the cost of utility bills from the City of La Grange, Fayette Electric Cooperation, CenterPoint or other utility providers.

To apply, click here.

Texas Restaurant Association Relief Fund

Along with these programs, the La Grange EDC will make a $10,000 donation to the Texas Restaurant Relief Fund. The Texas Restaurant Association established this fund to provide restaurants that have been affected by COVID-19 a grant of up to $5,000 to be able to continue operations and pay employees. The Texas Restaurant Association is currently raising funds to be able to supply the grants and have temporarily suspended new applications until additional funds are raised. Six (6) La Grange businesses were able to apply for the grant and four (4) La Grange businesses are waiting to apply once the suspension is lifted. I will keep you updated as to when the application is open again so that you can apply. All of the funds we donate from La Grange will be earmarked and will go to our La Grange restaurants. This fundraising effort will put us in a favorable position with the Texas Restaurant Association to receive additional funding from their undesignated funds as well for La Grange restaurants.

To help raise additional funds for the Texas Restaurant Relief Fund, the City of La Grange's Office of Community Development is accepting donations from individuals and organizations for the fund. Checks should be made out to: Texas Restaurant Relief Fund with La Grange in the memo line and mailed to the Office of Community Development, City Hall, 155 E. Colorado St., La Grange, TX 78945. The office will mail all of the checks to the Texas Restaurant Association to be credited to assist La Grange restaurants. Please let your stakeholders and customers know about this opportunity to donate to the fund.

Hays County

City of Buda Still Budaful Stimulus Program

In response to COVID-19, the Buda City Council authorized the Still Budaful Stimulus Program to assist businesses negatively affected by the pandemic. The Still Budaful Stimulus is a local economic development program authorized under Chapter 380 of the Texas Local Government Code to help reduce the resulting economic strain on local businesses. On March 20, Buda City Council declared a local state of disaster. As a result, the pandemic caused closures and limitations on local businesses in Buda. At that same meeting, Council appointed a Small Business Task Force to research ways to assist businesses during this time of need.

Learn more: click here.

Williamson County

Cedar Park Chamber of Commerce COVID-19 Small Business Assistance Program

The Cedar Park Chamber of Commerce is offering a COVID-19 Small Business Assistance Program designed to provide funding for small businesses in Cedar Park to cover economic damages suffered as a direct result of COVID-19. This includes a business lease or mortgage payments, payroll for employees still employed and working at a business, and other business needs approved by the selection committee.

Learn more: click here.

Federal Funding Options

Federal Funding Options

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

You can apply through any existing SBA 7(a) 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 in the program.

Lenders may begin processing loan applications as soon as April 3, 2020. The Paycheck Protection Program will be available through June 30, 2020.

The following entities affected by Coronavirus (COVID-19) may be eligible:

  • Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
  • Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
    • 500 employees, or
    • That meets the SBA industry size standard if more than 500
  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location
  • Sole proprietors, independent contractors, and self-employed persons

Learn more: click here.