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Center for Entrepreneurship - West Houston
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COVID-19 UPDATES
HCC Business Plan Competition Training Sessions to be Delivered Digitally
Small Business Success Series Postponed
Disaster Recovery Webinars
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Event Updates:
- HCC Business Plan Competition
- Training Sessions - DELIVERED DIGITALLY - Training Sessions 3,4 and 5 will be delivered digitally in place of the previously scheduled onsite sessions. Contestant teams and advisors will be contacted with more details prior to March 24 which is the next scheduled training session date.
- One-on-One Competition Advising - VIA PHONE, VIRTUAL TOOLS & EMAIL - All contestant teams and advisors are encouraged and advised to continue their one-on-one meetings in between training sessions via phone, using virtual tools of your choice and via email; rather than conducing in-person meetings.
- Spring Small Business Success Series - POSTPONED
- The Spring Series originally scheduled for 3/26, 4/2, 4/9, 4/23 and 5/14 has been postponed - A summer schedule will be announced at a later date.
- Free Monthly Digital Marketing Clinics - REGISTRATION CLOSED
- HCC is Closed for Spring Break March 16 through 22.
More Updates:
- In keeping with the national and local responses to COVID 19, non-essential in-person gatherings at HCC will be limited.
- HCC faculty and staff are updated regularly regarding district directives about students returning to classes and about evolving plans for faculty and staff working on campus or at home. As of March 17, HCC students will not begin classes again until March 30. As time passes more updates will be posted. For the most recent updates go to hccs.edu/health-notice
- The Center for Entrepreneurship at HCC Alief Hayes will be available via phone voicemail 713-718-6650 and email contact [email protected], but not for walk-in visits or on-site events until further notice.
- Stay tuned for more announcements, news and updates via email from our Center for Entrepreneurship!
Disaster Recovery Webinars
- Scroll down for more on Disaster Recovery Webinars this week and coming up soon!
We celebrate our onsite training and will miss seeing you face-to-face for a while as we adjust and evolve in light of current conditions. In the meantime, stay well, and we are looking forward to staying in touch digitally!
Sandra Louvier, Director, Center for Entrepreneurship - West Houston
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Entrepreneurial Initiatives
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The Entrepreneurial Initiatives staff will be offering several online Disaster Informational Business Programs in the next few weeks.
Stay safe and stay in touch with us.
-Dr. Maya Durnovo
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SBA Disaster Recovery Assistance
Informational Webinars This Week
PRESS OFFICE
Release Date: March 17, 2020
Release Number: HOU 20-26
(713) 773-6500
SBA Updates Criteria on States for Requesting Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)
WASHINGTON - Today, as part of the Trump Administration's aggressive, whole-of-government efforts to combat the Coronavirus outbreak (COVID-19) and minimize economic disruption to the nation's 30 million small businesses, U.S. Small Business Administration
Administrator Jovita Carranza
issued revised criteria for states or territories seeking an economic injury declaration related to Coronavirus (COVID-19). The relaxed criteria will have two immediate impacts:
- Faster, Easier Qualification Process for States Seeking SBA Disaster Assistance. Historically, the SBA has required that any state or territory impacted by disaster provide documentation certifying that at least five small businesses have suffered substantial economic injury as a result of a disaster, with at least one business located in each declared county/parish. Under the just-released, revised criteria, states or territories are only required to certify that at least five small businesses within the state/territory have suffered substantial economic injury, regardless of where those businesses are located.
- Expanded, Statewide Access to SBA Disaster Assistance Loans for Small Businesses. SBA disaster assistance loans are typically only available to small businesses within counties identified as disaster areas by a Governor. Under the revised criteria issued today, disaster assistance loans will be available statewide following an economic injury declaration. This will apply to current and future disaster assistance declarations related to Coronavirus.
"We're very encouraged that banks and financial institutions are responding to the President's efforts to mobilize an unprecedented public-private response to the Coronavirus (COVID-19) outbreak. As a result, most small businesses that need credit during these uncertain times will be able to obtain it. However, our goal is to ensure that credit is available to any and all small businesses that need credit but are unable to access it on reasonable terms through traditional lending channels," said Administrator Carranza. "To that end, the SBA is relaxing the criteria through which states or territories may formally request an economic injury declaration, effective immediately. Furthermore, once an economic injury declaration has been made in a state or territory, the new rules allow the affected small businesses within the state or territory to apply for a disaster assistance loan."
SBA's Economic Injury Disaster Loans offer up to $2 million in assistance for each affected small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Process for Accessing SBA's Coronavirus (COVID-19) Disaster Relief Lending
- The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state's or territory's Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.
- Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).
- SBA's Office of Disaster Assistance will coordinate with the state's or territory's Governor to submit the request for Economic Injury Disaster Loan assistance.
- Once a declaration is made, the information on the application process for Economic Injury Disaster Loan assistance will be made available to affected small businesses within the state.
- These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
- SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower's ability to repay.
- SBA's Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government's coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
For additional information, please visit the SBA disaster assistance website at
SBA.gov/Disaster
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SBA Disaster Recovery Assistance
Informational Webinars
The SBA Houston District Office as we provide the latest information from SBA to help small businesses with their economic recovery from the effects of the Coronavirus. We will give information on how to apply and where you can get additional help with preparing and applying for an SBA Economic Injury Disaster Loan.
The information presented on all calls will be the same.
Please join at the date and time best for you.
Wednesday, March 18
Thursday, March 19
Friday, March 20
9am
Join Zoom Meeting
Meeting ID: 401 014 156
Join mobile +1 346 248 7799 US (Houston)
Meeting ID: 401 014 156
11am
Join Zoom Meeting
Meeting ID: 953 359 546
Join mobile +1 346 248 7799 US (Houston)
Meeting ID: 953 359 546
1pm
Join Zoom Meeting
Meeting ID: 358 760 584
Join mobile
+1 346 248 7799 US (Houston)
Meeting ID: 358 760 584
3pm
Join Zoom Meeting
Meeting ID: 293 099 534
Join mobile
+1 346 248 7799 US (Houston)
Meeting ID: 293 099 534
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About the HCC Center for Entrepreneurship - West Houston
 OUR MISSION: To help entrepreneurs start and grow their businesses.
We do this by offering workshops, seminars, summits, classes and competitive training and advising, while also providing practical knowledge, resources and connections.
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