A new application round is now open for the Dallas County Emergency Business Assistance Program (EBAP). This program is designed to rapidly provide financial assistance to small businesses with no more than 100 employees and annual revenue under $10 million that have been adversely affected by the current pandemic. Funding will come from the $35 million Coronavirus Relief Fund funding that was provided by the CARES Act. Business must be located in Dallas County (the City of Dallas is not eligible).
Businesses must also have experienced a loss of at least 25 percent in income since March 1, 2020 because of the pandemic and be current on county and local tax payments. Additionally, businesses cannot have received more than $50,000 from the Paycheck Protection Program. Those eligible should apply by August 23 for consideration. The maximum loan amount is $50,000 and is based on the following: three months of payroll, lease payments, utilities, existing equipment rentals and existing business-related loans for things like equipment and vehicles.
Link to the Pre-Application: www.surveymonkey.com/r/ebap3
