The Blinn College Small Business Development Center (SBDC) says it is ready to help small business owners that are struggling due to the COVID-19 pandemic.
The SBDC has gathered information regarding the $2 trillion stimulus approved by Congress last week which, according to SBDC Director Matthew Wehring, includes direct grants to help small businesses. He says a very important thing to know about the package is that most small businesses are eligible to apply for a $10,000 grant through the package.
Wehring says the grant program has few requirements, as the federal government worked quickly to provide an economic boost. He says the application takes approximately an hour to complete, and that the size of the grant is not proportional to the size of one’s business or how much revenue it collects. According to Wehring, the government will be able to get qualifying businesses the money in three business days.
The stimulus package also includes the Paycheck Protection Program, which allows up to two months of payroll expenses for employers who meet program guidelines.
Wehring says the SBDC is available to discuss options regarding the stimulus and other economic disaster help programs. He says resources are available to businesses to help them determine what actions are appropriate for their situation.
Blinn SBDC offices are currently closed to on-site assistance due to the COVID-19 outbreak, but staff are available to assist small business owners at 979-830-4137 and at firstname.lastname@example.org. For more information, visit www.blinn.edu/sbdc.