031720 Press Release - SBA Economic Injury Disaster Declaration 1O1-
`FJ60 FOR IMMEDIATE RELEASE
DENTON Ryan Adams • (940) 349-8565 • Ryan.Adams@cityofdenton.com
COVID-19 Designated as Qualifying Event for
Small Business Association Economic Injury Disaster Loans
Economic Injury Worksheet Available on City of Denton Website
DENTON, TX, March 17, 2020—The Small Business Association(SBA) has designated
COVID-19 as a qualifying event for the provision of Economic Injury Disaster Loans (EIDL)
for businesses and private nonprofits in affected communities that have sustained substantial
economic injury. Qualification for the loan is triggered when a business is unable to meet its
obligations and to pay its ordinary and necessary operating expenses. EIDLs provide the
necessary working capital to help small businesses survive until normal operations resume after a
disaster.
The Economic Injury Worksheet(EIW) is a document that small businesses and private
nonprofits can complete and submit to the City of Denton. The City will compile the EIWs and
submit them to the Texas Department of Emergency Management (TDEM). While this will not
guarantee any funds to any specific business, it will aid the State of Texas in obtaining economic
injury declaration in support of COVID-19, which may qualify businesses and private nonprofits
as applicants for Federal or State assistance in the future.
Once five submitted worksheets are validated by the SBA, the Texas Governor may request the
SBA Economic Injury Disaster Declaration. A county will be included in this declaration if it has
at least one qualifying EIW or the county is contiguous to another qualified declared county.
Additional counties may be included in a declaration by TDEM after it is received.
Denton businesses can access the attached EIW form at www.cityofdenton.com/coronavirus and
submit completed forms to Jessica.Rogers@cityofdenton.com.
Contact: Jessica Rogers, (940) 349-7531,Jessica.Rogers@cityofdenton.com
Visit www.cityofdenton.com for more news and to stay updated.
OUR CORE VALUES
Integrity•Fiscal Responsibility•Transparency• Outstanding Customer Service
ADA/EOE/ADEA www.cityofdenton.com TDD(800)735-2989
ESTIMATED DISASTER ECONOMIC INJURY WORKSHEET FOR BUSINESSES
This form is not required, but is a convenience in clarifying the supporting documentation the state is required to submit to the
U.S. Small Business Administration when requesting an Economic Injury Disaster Loan Declaration. This information in any
other format would also be acceptable. For your convenience, this form may be filled our electronically or manually.
Name of Type of
Business: Business:
Owner Details
Last Name: First Name:
Work Phone: Email:
Home Phone: Property Owner:
OwnerBusiness
Address:
City: State: Zip Code: County:
Business Street Address
Same As Above
Address:
City: State: Zip Code: County:
ImpactEstimated Adverse Economic
When did the impact start and what is the estimated end date? From: To:
What were your businesses'revenues during the affected damage period?
What were your businesses'revenues during that SAME period of the prior year?
Amount of business interruption insurance received or anticipated,if any:
Please provide a brief explanation of what adverse economic effects the disaster had on your business:
How many people did you employ prior to disaster? How many did you employ after disaster:
Physical Damage to Business Property
If your business also suffered property damage,please answer the following questions:
Estimated dollar loss to: Real Property (Building),if owned:
includes machinery and equipment,
Contents*: furniture and fixtures,inventory,leasehold
improvements,etc.
Date Form
Insurance recovery expected or received for property damages: Completed:
Form Completed By: Title:
Revised 05/10