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Facebook recently announced that they will be providing $100 million in grants to small businesses in the communities where they live and work.

For Fort Worth, that means they will be providing $300,000 to about 75 organizations in Tarrant County. They will also be providing an additional $250,000 to more than 60 small businesses in Dallas County.

The application window will open on Wednesday, April 22 and you can find the details at facebook.com/grantsforbusiness

Join Facebook for an overview of the Small Business Grant program and to learn more about what Facebook is doing to support our communities as we navigate these unprecedented times.

To sign up for one of the two training sessions, click the corresponding link below:

Monday, April 27th at 10:00am CDT

Register Here

Tuesday, April 28th at 11:30am CDT

Register Here

To Our Chamber Members:

Today, and every day, we thank you for your membership and support. We love seeing you at community gatherings and big events, and right now while those activities can’t happen, please have confidence that your FWHCC Chamber team is here for you in all seasons of business. We know this pandemic has impacted you in major ways and we are here to help.

Below is an infographic explaining, in simple terms and format, the two available loan options available through the CARES Act. Breaking down an 800+ page document, our goal is provide you with key information that enables you to understand the possibilities, make decisions, and most importantly, get back to your business!

We all know that word of mouth is sometimes best. Please accept the challenge to share this information with a fellow business owner in your circle, so that when this passes, our community is stronger and more connected than ever. 

 With Gratitude & Certainty For Better Days Ahead,

Anette Soto Landeros
President/CEO

What’s next?

• Browse FWHCC Member Directory to find a local financial institution
• Get the latest COVID-19 news and updates on The Bottom Line blog
• Find other COVID-19 Business Resources
• Learn how to become a FWHCC member

Congress has approved $350 billion in emergency loans for small businesses and self-employed Americans. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

Click here to check eligibility and find out how to apply.

The U.S. Chamber of Commerce has issued a cheat sheet to help small businesses and self-employed individuals prepare to file for a loan.

Download the English guide

Download the Spanish guide

FWHCC Member Qualified Plan Advisors is looking to be a resource for employers, updating them with market and governmental updates on a bi-weekly basis. They are hosting bi-weekly webinars with 400-500 employers on the web conference. Marco would like to extend this invite to all FW Hispanic Chamber members. 

Qualified Plan Provisions CARES Act Summary: https://s3.amazonaws.com/bbemail/PROD/ulib/ybshu/docs/1174785f-e34a-9b46-8559-bd44564ab17b/QPACARESActSummary.pdf

Sign up for one of their upcoming webinars:

“Wednesday Market and Volatility Update”

Wed, Apr 1, 2020 10:00 AM – 10:30 AM CDT

https://register.gotowebinar.com/register/945898164592239118

“Friday Market and Volatility Update”

Fri, Apr 3, 2020 10:00 AM – 10:30 AM CDT

https://register.gotowebinar.com/register/2183081842305355278

For more information, contact: 

Marco Melero, C(k)P®, AIF®

Multicultural Education Strategist/ Retirement Plan Consultant

15660 N. Dallas Parkway, Suite 800, Dallas, TX 75248 

Cell: 972-808-6965  

Email: mmelero@qualifiedplanadvisors.com

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.  

This initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this crisis. These loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. Loans can be up to 2.5 x the borrower’s average monthly payroll costs, not to exceed $10 million.

Where can one apply for the Paycheck Protection Program? At any lending institution that is approved to participate in the program through the existing U.S SBA 7(a) lending program and additional lenders approved by the Department of Treasury.

Learn more at: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources#section-header-0