Opportunity/Business

TTU Adds Valero to Off-The-Field Role

Texas Tech head coach Matt Wells announced last month the hiring of Art Valero as Senior Analyst as part a reshuffling of responsibilities for the football program’s recruiting staff and an increased-investment into analyst positions. Valero, a veteran coach at both the college and NFL levels, will serve as a senior analyst for the football staff, assisting with advance scouting of opponents for the Red Raider defense as well as tracking tendencies. He joins the Red Raiders with more than 30 years in coaching, including 10 seasons in the NFL, most recently as the assistant offensive line coach for the Tennessee Titans in 2011. He previously served as the offensive line coach for the Seattle Seahawks in 2010 and prior to that, as the assistant head coach and running backs coach for the St. Louis Rams in 2008 and assistant offensive line coach in 2009. He and his wife, Alicia, have five children, sons Kyle and Brandon, and daughters Kimberly, Alexa and Cami. ALL THE BEST from Latino Lubbock Magazine!

Saving Money

Do you have a problem saving money? You're not alone! But there are several steps you can take to start putting money away for the future. Saving in this economy can be tough. The most important thing you can do is start putting away three months of living expenses for you and your family. Next, prioritize your goals - list your dreams, your wants, and your needs. For many families, owning a home, sending their kids to college, and being able to retire rank high on the list. If you want to own a house, it should not be about making money later. Your attitude should not be going in it to make money, sell it, and get into another one. You're going in it to make a home. Then comes the big debate of saving for college or saving for retirement. Many financial advisors recommend saving for retirement first, but not everyone agrees. If you're a family that's struggling, then having a child graduate from college could be the best way to stop that generational problem. However it's never too early to start saving for your child's education, and there are several options out there for doing so. One of the most popular options is a 529 plan. As for retirement, take advantage of your employer's 401(k) options. Lastly, if all of this seems overwhelming, just remember it is possible. And, a little sacrifice can go a long way.

Cómo empezar a ahorrar dinero

¿Tiene un problema de ahorro de dinero? Usted no está solo! Sin embargo, hay varios pasos que puede tomar para empezar a poner dinero para el futuro. Ahorro en esta economía puede ser difícil. La cosa más importante que puedes hacer es empezar a poner distancia de tres meses de gastos de vida para usted y su familia. A continuación, dar prioridad a sus metas - una lista de sus sueños, sus deseos y sus necesidades. Para muchas familias, tener una casa, enviar a sus hijos a la universidad, y ser capaz de retirarse del puesto más alto en la lista. Si usted quiere ser dueño de una casa, que no debería ser acerca de hacer dinero en el futuro. Su actitud no debe ir en él para hacer dinero, venderlo, y entrar en otro. Va en él para hacer una casa. Luego viene el gran debate de ahorrar para la universidad o el ahorro para la jubilación. Muchos asesores financieros recomiendan ahorrar para la jubilación principio, pero se compromete a no todos. Si usted es una familia que está luchando, y luego tener un hijo graduado de la universidad podría ser la mejor manera de detener ese problema generacional. Sin embargo, nunca es demasiado temprano para empezar a ahorrar para la educación de su hijo, y hay varias opciones que hay para hacerlo. Una de las opciones más populares es un plan 529. En cuanto a la jubilación, se aprovechan de su empleador 401 (k) opciones. Por último, si todo esto parece abrumadora, sólo recuerda que es posible. Y, un pequeño sacrificio puede recorrer un largo camino.

Wear Your Mask! ¡Usa tu máscara!

Professional Development

FREE GED TEST PREPARATION

CLASSES. Need to study to pass the GED? Literacy Lubbock offers free, flexible, and casual prep classes at various times to fit in with your busy schedule. Call us at 806-7753636 for more information or register for Free classes at www.literacylubbock.org.

FREE GED AND ESL CLASSES

for Lubbock and the surrounding area offered by Adult Education Center. We accept new students on a bimonthly basis. You must be at least 17 years old and not enrolled in public school to be eligible for the classes. For more info call 806-2815750. Open Mon. thru Fri. from 8 A.M. to 5 P.M. BASIC ENGLISH CLASS – Clase de Inglés – aprender Inglés básico, 3211 58th Street, (east of Indiana) Lubbock. Horas: Cada Miércoles a las 7:30-8:30 de la noche. 806-239-5352 GRATIS!!

CHILD CARE AVAILABLE FOR INCOME-ELIGIBLE FAMILIES

Families who are income eligible may receive fee assistance to attend one of the Early Learning Center’s five centers for child care. Parents or caretakers must be employed or in school. The program is open from 6:30 a.m. to 6 p.m. Monday through Friday. Call (806) 765-9981 for more information.

CLASES DE INGLÉS COMO SE-

GUNDA IDIOMA La Literacia de Lubbock (Literacy Lubbock) ofrecen clases gratis de inglés como segundo idioma (English as Second Language) para la comunidad. Todos los adultos están bienvenido en estas clases. Para más información, llame a (806) 775-3636.

FREE CRIMINAL DEFENSE

ATTORNEY: The Caprock Regional Public Defender Office offers free legal representation to 13 surrounding West Texas Counties. The office handles Felony, Misdemeanor and Juvenile cases for citizens that cannot afford to hire a criminal defense lawyer. Call (806) 742-4312 to see if your county qualifies for this service. IMMIGRATION SERVICES If you need help with immigration issues call 806-741-0409.

SERVICIOS DE INMIGRACIÓN

Si necesitan ayuda con asuntos de inmigración llame a este numero (806) 7410409.

REFERRAL FOR QUALITY

CHILD CARE in Lubbock by the South Plains Day Home Association helps parents with free referrals to licensed or registered day care facilities that are routinely monitored by the Texas Department and Protective Services. Call 796-0606 or 792-1847 for more information.

Business & Opportunity Updates PPP Loan Applications

ECONOMIC INJURY DISASTER

LOANS 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. Texas is currently working with SBA to qualify for this declaration. Additional information about Economic Injury Disaster Loans can be found here, https:// disasterloan.sba.gov/ela/Information/EIDLLoans Please submit your Economic Injury Worksheet to: TDEMPARecovery@tdem. texas.gov

FREE GOVERNMENT CON-

TRACTING WEBINAR – Acronym Soup! Government Terminology – April 14, 2021. In the word of Government Contracting there’s an Acronym for everything! SAM, IDIQ, BPA, MAS, MPIN, WAWF, & SDVOSB… just to name a few. Space is limited. Register at www.nwtptac.org/ events-1 TAX FORMS AT LIBRARIES they have forms 1040 and 1040-SR in English and Spanish available at all locations. Instruction books are available in English only at the moment. You can also access all available forms and instructions from home at www.irs.gov. BUSINESS COUNSELING Small business owners and aspiring entrepreneurs can discuss their business ventures and get expert advice from the SBDC staff. All information will be held in strict confidence. For a counseling sessions call (806) 745-1637. FREE PRACTICE EXAMS Study guides for tests Learn-a-Test, a database of practice examinations, is available at the Lubbock Public Library, 1306 9th St. Hundreds of practice examinations, including SAT, ACT and elementary, middle school and high school skills improvement tests, plus graduate entrance exams, are available.

Extended, EIDL Boosted

The application deadline for the Paycheck Protection Program that’s kept millions of small businesses in business has been extended. Just days before it was scheduled to expire, the Senate voted 92 to 7 to pass the PPP Extension Act of 2021, which would extend the program to May 31 from the current deadline of March 31. It would also give the Small Business Administration, which manages the PPP, another 30 days to process those loans. The PPP, which was created as a component of the CARES Act passed in March last year, offers low-interest loans of up to $10 million to companies and nonprofits that employ 500 workers or fewer. A large majority of the funds are not required to be paid back so long as businesses comply with the terms, including a requirement that 60% of the total amount is used for payroll. Since it was established, the SBA has approved 8.25 million loans totaling $718 billion. In 2021 alone, 3.1 million loans worth nearly $196 billion have received approval. The overall average loan size, according to the SBA, is $63,000. Currently, there remains about $50

billion in unclaimed PPP funds, and roughly 190,000 small businesses have pending PPP applications. The big aspect of the PPP loan is that it is forgivable as long as 60% or more of the proceeds are spent on approved expenses, which includes selfemployment compensation for sole proprietorships and single-owner limited liability corporations (LLCs) that file income taxes based on a Schedule F. SBA also has announced it has boosted the maximum dollar amount of the Economic Injury Disaster Loan (EIDL) from $150,000 to $500,000. SBA Administrator Isabella Casillas Guzman, just recently confirmed by the Senate, announced the agency had been receiving a lot of calls to remove the $150,000 cap. EIDL is not a forgivable loan like the PPP, but it offers a 30-year loan to businesses at a 3.75% interest rate, and the loans can be applied for working capital or normal business costs. SBA also will defer the first payment on the loan issued in 2021 for at least 18 months after the date of the note. More information on SBA loans can be found at www.sba.gov/ funding-programs/loans/covid-19relief-options Join the Virtual Bilingual Financial Literacy Series

Los Hermanos Familia is committed to the financial stability of individuals and families. Since the pandemic, where many families did not have an emergency financial fund. LHF is especially committed to assisting in finding a clear path to a financially fit future. As such, Los Hermanos Familia with the KEY organization will provide guidance to build financial confidence and understanding of personal finances, now and for the future. In partnership with Lubbock National Bank & Latino Lubbock Magazine, we will hold a workshop series that will improve that financial security to participants in English and Spanish - April 13, 20, 27, and May 4, 2021. Classes will entail: Understanding Borrowing and Credit Repair, Savings short and long term; Investments 101 – great insight on making your money work for you and, how to invest your money for retirement. As well as Wills & Trusts, and Insurance and their importance. To register go to www.loshermanosfamilia.org/bilingualfinancialliteracy. Or, for more information please call (806)792-1212.

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Ana Borrego, Agent

8001 Quaker Ave Ste. G Lubbock, TX 79424 (806)745-2555 www.anaborrego.com Hablo Español