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CARES Act and SBA Provide Assistance for Small Business

in Business/Coronavirus Updates/Government

Small Business Owners are eligible to apply for Economic Injury Disaster Loans (EIDL) due to COVID-19 through the U.S. Small Business Administration. Business owners should make every attempt to apply online here. Businesses may be eligible to receive up to $2 million with no payments for 12 months at a 3.75% interest rate for small businesses and 2.75% for private nonprofits. Terms may be extended for up to 30 years. Small businesses, small ag cooperatives, and private non-profits are eligible. Funds may be used for fixed debts, payroll, accounts payable and other bills affected by the disaster.

The CARES Act provides additional assistance for small business owners, including the opportunity to receive up to a $10,000 grant advance on an EIDL. The SBA is updating its system to implement this provision so small businesses can request an EIDL Advance when they apply for the loan. This update will be available in the coming days. In the interim applicants can still apply for a full EIDL but will need to reapply for the Advance when the system is updated with a streamlined application. Once the EIDL Advance is active, funds will be direct deposited into the applicant’s business account.

To find out more about the EIDL program, businesses are encouraged to join one of the four daily calls with the U.S. Small Business Administration’s Houston District Office or contact the Orange County Economic Development Corporation. A webinar schedule is available on the OCEDC webpage under the Business Resources tab as well as here.

In addition to the EIDL, the CARES Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program (PPP), 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. The PPP funds are administered through third party lenders. For more information on the Paycheck Protection Program, contact your local lending institution or the Orange County Economic Development Corporation.

In addition, the U.S. Small Business Administration has created a page with consolidated information for small businesses who need guidance and loan resources due to the Coronavirus (COVID-19). Small Businesses can find information concerning Economic Injury Disaster Loans and Loan Advance, SBA Debt Relief, SBA Express Bridge Loans, and much more.
For additional information, please click here.

Chik-fil-A to Open Drive-Thru Only on April 9

in Business
Chik-fil-A to Open Drive-Thru Only on April 9
Mr. Eric Sienko, Owner/Operator of Chick-fil-A Orange, spoke at the Orange City Council Meeting held Tuesday, March 24.
Sienko thanked the City of Orange for the amazing support and assistance during the construction phase leading to the opening scheduled for Thursday, April 9. “At this time, the plan is for drive-thru only and mobile app ordering in an effort to observe measures associated with COVID-19. Protecting the public and Chick-fil-A team members is a top priority at this time. There will be 80 – 90 new jobs at the new Chick-fil-A and we are excited about being a part of the City of Orange and Orange County,” said Sienko.

Circle K Kiddie Ranch is Still Open for Business

in Business

We erroneously reported in our post about COVID-19 closures that Circle K Kiddie Ranch was closed until April 3. They are, in fact, still open and operating. This was a mistake on our part, and for that, we sincerely apologize to the owner Carol Daigle and Director Jana Daigle and the Circle K Kiddie Ranch parents for any additional stress we caused you.

Here is their current status:

We appreciate our families being so patient and kind while making the documentation and notes required by the health department.

We understand that school districts are making some really hard decisions during this time. LCM will now be closed until April 3, 2020. After school parents please be aware that if your child is here all day your rates will go up. IF CCCS does not pay the difference you will be responsible for making that payment. Our cut off time to enter the facility is 9 AM.

We too are on a HUGE learning curve as is most other childcare facilities. Please be patient and understand so that we can help you keep your babies safe. Wash your hands, use hand sanitizer, and love your babies.

Ribbon Cutting Held for High Tides Restaurant in Bridge City

in Business/Local Roundup
Ribbon Cutting Held for High Tides Restaurant in Bridge City

The Greater Orange Area Chamber of Commerce held a ribbon-cutting ceremony for the Grand Opening of High Tides at 3109 Texas Ave on March 10, 2020.

Owners Wesley and Ronda Dishon with partners Jamey and Sherri Deloney are happy to announce the opening of their new family-friendly waterfront restaurant and bar. High Tides features seafood, boiled crawfish, kids meals, full bar, 22 boat slips, jet docks, live music, and yard games. Coming soon to High Tides: waterfront non-ethanol fuel station, beach volleyball, private boat tours, and catering. The environment includes tables in outdoor eating areas upstairs and downstairs, and indoor tables upstairs- with elevator on site.

Business hours: Tuesday-Thursday 11 am-9 pm, Friday and Saturday 11 am-11 pm, Sundays 11 am-9 pm, and closed on Mondays.

For more information call 409-792-5001 or visit their website. To view full menu and keep track of live music performances, follow them on their Facebook page.

 

Ribbon Cutting Held at Darling Orange Boutique and Consignment

in Business
Ribbon Cutting Held at Darling Orange Boutique and Consignment

The Greater Orange Area Chamber of Commerce held a ribbon-cutting ceremony for new member Darling Orange Boutique at 2339 MacArthur Dr in Orange on February 20, 2020.

Kimberly Scott is the new owner of the previous Asher Luis Consignment & Resale Boutique. The store has a new name, a new look, and will feature more boutique items that are new as they continue the consignment portion of the store as well.

For more information call: 409-883-5847 or follow them on Facebook at: https://www.facebook.com/darlingorangeconsignment/.

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