Grapevine chamber to host webinar on small business loans, new relief package

Grapevine Main Street usually bustles with activity. (Miranda Jaimes/Community Impact Newspaper)
Grapevine Main Street usually bustles with activity. (Miranda Jaimes/Community Impact Newspaper)

Grapevine Main Street usually bustles with activity. (Miranda Jaimes/Community Impact Newspaper)

The Grapevine Chamber of Commerce is hosting an online webinar at 1 p.m. March 30 on how to qualify and apply for the Small Business Administration’s Economic Disaster Loan.

The free presentation allows for up to 1,000 registered viewers and will feature speakers from the Tarrant Small Business Development Center, the Small Business Administration, SCORE and the Grapevine chamber.

Chamber members saw an interest and a need to inform small businesses about the new SBA packages, Chamber CEO RaDonna Hessel said.

“We shared another seminar that was put out by another chamber trying to share information for businesses, and that one was basically filled up within 10 minutes of it being sent out,” Hessel said. “That pretty much tells you that it's definitely something that's of interest.”

The previous seminar was open only to 100 viewers, but the chamber decided to invest in a larger package on Zoom, a popular web meeting space.

This session will give viewers an overview of the various packages within the disaster loan as well as specifics on how to apply and how applications have changed, Hessel said.

“We're hopeful that our businesses will get the information on what they need to do, what the process is, kind of what the difference is between what's out there right now and what will be out there based on the new package that has been approved,” Hessel said.

The webinar will be recorded and posted on the chamber’s website along with the meeting's 68-page presentation, Hessel said.

The Small Business Administration is making its economic injury disaster loan available to small businesses in virtually every industry starting March 27, according to Bob Siffermann, the chair of Fort Worth's SCORE chapter–an SBA affiliate.

Qualifying small businesses and nonprofits can borrow up to $2 million, Siffermann said in a phone call with local business owners, as previously reported by Community Impact Newspaper. Any borrowed amounts greater than $25,000 may require some form of collateral in business property, but applicants won't necessarily be denied if they do not have collateral, he said.

Meanwhile, on March 27, the U.S. House of Representatives voted to approve a $2 trillion stimulus package that aims to pump billions into small businesses. The Grapevine Chamber of Commerce scheduled the meeting for next week in hopes that any assistance would be signed by the president, Hessel said.

Registration for the March 30 webinar is required. Those who would like to take part can register here.
By Liesbeth Powers
Liesbeth graduated from Baylor University with a degree in new media journalism in December 2018. She gained her newspaper experience as a staff writer and multimedia editor at her campus paper, The Baylor Lariat. Liesbeth joined the Community Impact team in August 2019, where she reports on all things Plano and Richardson, including Plano City Council and Dallas Area Rapid Transit.


plate of food
Tarrant Area Food Bank, Culinary School of Fort Worth launch new apprenticeship program

A new food industry job-readiness program in partnership with the Tarrant Area Food Bank and Culinary School of Fort Worth is launching.

Dunkin' serves coffee drinks, doughnuts, breakfast sandwiches, muffins and more. (Courtesy Dunkin')
Dunkin' to open in Richardson; Mad for Chicken coming to McKinney and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

plate of food
Lucy's Lot closes after serving Grapevine for six years

After six years in Grapevine, Lucy's Lot closed in late March.

man sitting at table
Southlake entrepreneur services small-business IT needs through Computer CPR

Michael Young, founder of Computer CPR, shared some tips to protect yourself and your online data from hackers and malware.

restaurant staff
Jakes Burgers and Beer focuses on community in Grapevine

“We really [focused] on taking extra care of our guests to make sure we were there to add a little brightness,” said Kendra Shier, vice president of operations for seven Jakes locations across Dallas-Fort Worth.

Jim's Pizza is relocating to Eldorado Parkway. (Community Impact staff)
Jim's Pizza relocates in McKinney; ice pop shop coming to Frisco and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

The red portion of the map identifies Collin County's corridor study area for new alignments for an expansion of FM 546. (Courtesy Collin County)
Collin County studies FM 546 in McKinney; 29 trees transplanted in Frisco and more top DFW-area news

Read the top business and community news from the past week from the Dallas-Fort Worth area.

Rendering of stone towers on either side of Colleyville Boulevard
Colleyville City Council rejects construction bid for gateways project

The city received only one bid, which asked for more than $4 million beyond what the city approved in September.

Five Below is known for its tech, fashion and candy products. (Courtesy of Five Below)
Five Below to open in Southlake's Gateway Plaza

Franchise retail shop Five Below is coming soon to Southlake's Gateway Plaza.

151 Coffee is coming soon to Colleyville. (Courtesy 151 Coffee)
Drive-thru coffee shop 151 Coffee looks to open location in Colleyville

151 Coffee has submitted site plans to open a location in Colleyville.

Chick-fil-A's new location in the Spanish Village Shopping Center is now open for drive-thru and mobile curbside service. (Courtesy Chick-fil-A)
Chick-fil-A opens in Richardson; Lo-Lo's Chicken and Waffles moves to Grapevine and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

The new Grubbs Acura dealership is located at 1600 E. Hwy. 114 in Grapevine. (Courtesy Grubbs)
Grubbs Acura now open in Grapevine

Grubbs Family of Dealerships has grown to add new Acura dealership in Grapevine.