Dallas County Emergency Business Assistance Program (EBAP)
Purpose: The program is designed to rapidly provide financial assistance to “traditional” small businesses (i.e., those with no more than 100 employees) that have been adversely affected by the current pandemic. Its purpose is to “stop the bleeding” for these firms; it is not to necessarily restore them to their pre-pandemic status.
Funding: $35 million of Coronavirus Relief Fund funding (as provided by the CARES Act)
Definition of small business: Business with no more than 100 employees and revenue under $10 million.
Other eligibility requirements: Business must be located in Dallas County (but not the City of Dallas). Business must have experienced a loss of at least 25% in income since March 1, 2020 because of the pandemic. Business must be current in the payment of county and local taxes. Business cannot have received more than $50,000 from the Paycheck Protection Program.
Type of assistance: Forgivable loan
Maximum loan amount: $50,000
Maximum loan calculation: 3 months of payroll, lease payments, utilities, the renting of existing equipment, & the payment of existing business-related loans for equipment, vehicles, and/or real estate + $3000 of restart-up capital.
Loan terms: Loan will have a term of 1 year and an annual interest rate of 1%. No interest accrues and no payments are required until month 5.
Eligibility for forgiveness: The original principal amount is eligible for forgiveness upon Lender’s receipt of documentation that Borrower continued to operate its business for four (4) months and carried at least 60% of the March 1, 2020 full-time employee count and payroll. Each month that Borrower continues to be in operation and maintain the required employee count and payroll, one fourth (¼) of the loan is eligible for forgiveness by Lender.
Excluded businesses: Non-profit entities, franchises, businesses whose primary income is derived from rental/income producing properties, businesses that operate as an age-restricted business. Also excluded are employees of Dallas County, persons/entities who are a party to a lawsuit against the County, and persons/entities who have been a party to a contract with Dallas County that has been terminated in the past 13 months because of insufficient performance. Businesses located in the City of Dallas are not eligible since the City of Dallas is operating its own loan fund. Businesses cannot have received more than $50,000 of Paycheck Protection Program assistance.
Prioritization of Funds: 40% of total funding will be reserved for businesses with <50 employees, 40% of total funding will be reserved for businesses with 50-100 employees, and the remaining 20% of total funding will be reserved for businesses located in areas designated as Priority and Strategic areas by Dallas County.
Status of program:
• Round 1: Selected businesses were invited to submit a full loan application on July 10, 2020. NDC is actively processing and funding eligible applications.
• Round 2: The pre-application period closed on July 26, 2020. Selected businesses were invited to submit a full loan application & NDC is actively processing and funding eligible applications.
• Round 3: The pre-application period closed on August 23, 2020. Selected businesses were invited to submit a full loan application & NDC is actively processing and funding eligible applications.
• Round 4 (Irving): The pre-application period closed on September 6, 2020. Selected businesses were invited to submit a full loan application & NDC is actively processing and funding eligible applications.
Email: ntxsmallbiz@ndconline.org
Phone number: (214) 845-7673. All voicemail messages will be returned within one business day.
Resources
Basic SPARK Navigation
Home Based Business Profit & Loss Template Tutorial 1
Profit & Loss Template
W-9 Tutorial
Round 3 Program Documents:
Dallas County Emergency Business Assistance Program Overview- English
Dallas County Emergency Business Assistance Program Overview- Spanish
Dallas County EBAP Flyer ROUND 3- English
Dallas County EBAP Flyer ROUND 3- Spanish
EBAP Infographic- English
EBAP Infographic- Spanish
Round 2 Program Documents:
Dallas County Emergency Business Assistance Program Overview- English
Dallas County Emergency Business Assistance Program Overview- Spanish
Dallas County EBAP Flyer ROUND 2- English
Dallas County EBAP Flyer ROUND 2- Spanish
EBAP Infographic- English
EBAP Infographic- Spanish
Round 1 Program Documents:
Dallas County EBAP Flyer – English
Dallas County EBAP Flyer – Spanish
Dallas County EBAP Simple FAQs – English
Dallas County EBAP Simple FAQs – Spanish
Recordings of the applicant training sessions can be found below:
Round 2: Click HERE for Round 2 Training
Round 1: Click HERE for Round 1 Training