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June 1, 2020
Region VI - South Central Region News
Serving nearly 4 million small businesses in Louisiana, Arkansas,
Texas, Oklahoma and New Mexico.
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Follow Us! @SBASouthCentral
 Triskelion Group employees train to keep community safe
AN ECONOMIC LIFELINE
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By Regional Administrator Justin Crossie
Our New Mexico small businesses are the economic engines of their communities and the U.S. Small Business Administration is working around the clock to provide them with the support they need to remain open and keep their workers employed.
More than $2.1 billion in Paycheck Protection Program (PPP) loans for more than 20,400 New Mexico small businesses have been approved in six weeks since the CAREs Act was signed by President Trump. To help put this in perspective, during fiscal year 2019, SBA approved only 275 New Mexico small business loans for $139 million.
This unprecedented assistance was an economic lifeline for Chris Sweetin, founder of Triskelion Group of New Mexico. Working with a local community bank he received a much-needed PPP loan. The Triskelion Group also received the Economic Injury Disaster Loan (EIDL) Advance funds just as Sweetin had come to the painful decision that it was going to be necessary to hand out furlough notices to seven of his 55 employees and reduce the work hours and salaries for the remaining team members.
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“We were at our bare bones,” Chris said. “But when the PPP money came in, we were able to provide back pay and increase work hours to full time. They didn’t lose anything, and we are able to pay 100% of everyone’s medical.”
Chris and his team of security officers provide a critical service to New Mexico as a front-line security service during this global pandemic.
“We are training security guards, providing security at banks, grocery stores and health care facilities,” he said. “We are doing more patrol work, checking on businesses. All our officers are issued Personal Protective Equipment every week. I feel that because of the PPP money we are able to ensure the community is safer.”
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In addition to full-time salaries, Chris is using funds to provide professional development to his team, making them better educated and better trained in security procedures.
SBA continues to look at every option and take every action we can to cut red tape to make it easier for small businesses to stay in business.
There is still funding available through the PPP program to help small businesses with working capital to keep employees paid and the doors open. Visit www.sba.gov/coronavirus to find funding options and lenders.
Together we will get through this and not just survive but thrive.
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SBA is here to help you overcome the challenges created by the pandemic. We offer multiple funding options to help your small biz or nonprofit. |
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SBA South Central Region Office
150 Westpark Way, Suite 245
Euless, Texas 76040
817-684-5580
www.sba.gov
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