Important information!
The SBA, in consultation with the Treasury Department, announced the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers.
To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13.
The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
For more information on SBA’s assistance to small businesses, visit sba.gov/ppp or treasury.gov/cares.
U.S. Small Business Administration News:
This week, SBA announced that the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan has been extended to December 31, 2021.
To date, SBA has approved $197 billion in low-interest loans, which provide U.S. small businesses, non-profits, and agricultural businesses working capital funds. Economic Injury Disaster Loan applications will continue to be accepted through December 2021, pending the availability of funds.
Loans are offered at affordable terms, including a 3.75% interest rate for small businesses and 2.75% for non-profit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. All eligible small businesses and nonprofits are encouraged to apply.
Robstown Improvement Development Corporation (RIDC) is a non-profit corporation aimed at providing economic development efforts in the City of Robstown. The corporation manages the 4B-Sales tax, and is governed by a Board of Directors consisting of seven board members and an Executive Director
P O Box 872
Robstown, Texas 78380
Phone (361) 387-4589
RIDC Board Members:
Balde Torres, President
Larry Cantu, Vice-President
County Commissioner John Marez, Secretary
Mayor Gilbert Gomez, Member
Port Commissioner Dr. Bryan Gulley, Member
Ninfa Trevino, Member
Beatriz Charo, Executive Director
CONTACT
Ph: 361-387-4589
Fax: 361-387-6346
101 E. Main Street
Robstown, Texas 78380
Hours
Monday – Friday
8:00 am – 5:00 pm