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, including education and transportation.


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