A website with additional information for applicants is slated to go live on Aug. 20, Hidalgo said. Full Bio. The Small Business Relief Fund was created with funding from the American Rescue Plan Act (ARPA) and is being administered by LiftFund, a nonprofit organization that supports small business owners . LiftFund is nonprofit community development financial institution with a 27-year track record of elevating underestimated and underserved communities across its 15-state footprint. All applicants will be notified of their application result by January 31, 2022. This type of funding is essential for rebuilding the economy of Bexar County communities. Grants will range from $5,000 to $25,000. Finding traditional business loans isnt easy. 1 0 obj The Texas nonprofit LiftFund will administer the distribution of funds to applying organizations based on a transparent scoring system that will prioritize businesses and business owners in vulnerable areas as well as minority- and women-owned businesses. The application window will open Monday, September 20 at 9:30AM and close Monday, October 4 at 5:30PM Central Standard Time. .nf-form-content .nf-field-container #nf-field-315-wrap { In 2020, LiftFund provided over $98 million in relief funding, including zero-to-low interest rate loans and grants, to small business owners across its 15-state footprint including over $6.1 . How many businesses will be assisted through this program? If my business is located outside of Harris County but I serve customers within the county, can I apply? 920 Grant Harris Rd. Grant eligibility criteria includes: Grant applicant must be authorized representative of business or non-profit . If my revenue was less than $500,000 in either 2019 or 2020 but greater than $500,000 in the other year, am I eligible? If you are a small business owner that live in Harris County, and was affected by the pandemic, then hit the link below to apply for FREE GRANT money . Latino, Hispanic, Black, veteran and disadvantaged businesses can get free grants or low cost loans. Businesses use these loans to finance fixed asset acquisitions such as: Some furniture and fixturesBusinesses in operation for 2 or more years can also use 504 loans to refinance existing debt that meets the following criteria: The graph to the right shows how LiftFund partners with a participating lender (typically a bank) to finance part of the project. Harris County Commissioners and LiftFund have seen firsthand the alarming impact that . Policy News - March 2, 2023. For more information about LiftFund, visit, LiftFund has deep roots in Harris County and is a champion for our small business community. I use a PO Box on my business registration and/or my tax return. We believe you deserve a path to success and we're here to close the small business finance . 1054 Grant Harris Rd. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small . Harris County Small Business Relief Program Powered By: Welcome to the Harris County Small Business Relief program application portal. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. Bexar County Small Business and Nonprofit Grants. LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. Valorie Anne Reynolds is the proud owner of Chica Verde, a vintage home dcor shop in San Antonio, Texas, with a niche in outdoor dcor that features Texas plants. At a young age, Sophie Macey learned American Sign Language to communicate with her deaf cousin, Yasmin, and forged lasting friendships with other deaf children throughout her time in school. Both programs are set to start receiving applications in early January. LiftFund founder, Janie Barrera, is a staunch advocate for small businesses in the area and nationally. 1070 Grant Harris Rd. I have not yet filed my 2020 tax return. Application opens today for Free Grant Money for small business owners in Harris County! The only thing standing between small business owners and success is often capital. Laredo, Texas - LiftFund and the City of Laredo have teamed up to launch a nearly $2 million Small Business Grant Program aimed at strengthening the Laredo small business community who have continued to be impacted by COVID-19.The new program will provide grants of $5,000 to $25,000 to qualifying micro and small for-profit business owners operating in Laredo. If my business opened after April 2020, can I apply? Prepared technical reports regarding emissions and environmental . The application review period will start on October 5, 2021 and continue through January 9, 2022. LiftFund is proud to serve the small businesses and nonprofits that are the heart of this county, says Ms. Barrera. Created with funding from the American Rescue Plan Act (ARPA), the Small Business Relief Fund is being administered by LiftFund, a nonprofit community development financial institution (CDFI); and we are proud to announce . Funds from the $30 million fund will be distributed by LiftFund. %PDF-1.7 No, your business must be physically located in the county. We provide small business loans to underserved business owners, especially minority and women entrepreneurs, throughout the Southeast USA. Harris County will distribute another $30 million in federal COVID-19 relief aid to help small businesses weather the pandemic. Grant Eligibility Criteria. Depending on how you spend your funds, you may add new tax deductions that help lower your income tax liability. Chica Verdes mission is to bring a bit of warmth and green into the life of its customers, who are the center of the business. City of San Antonio & LiftFund to Offer Additional Grant Assistance to Small Business Owners. Harris County and LiftFund are offering one more webinar to provide an overview of the grant program, eligibility guidelines and more information about how to apply. Upon completion of the award agreement, funds will be deposited into your account within 7 business days. Amanda Cochran, Digital Special Projects Manager. How to do I prove how many employees I have if I hire 1099 contractors? Why Houston? You can view the list of prohibited NAICS codes here. SAN ANTONIO (December 6, 2022)Bexar County announced last week that the Bexar County Assistance Program will offer $20 million in COVID relief grants to small businesses and nonprofits in January of next year. Eligible small businesses applying or receiving support from other City or County program are able to apply for this program. Business Bank statements from first quarter of 2020 plus business bank statements from any other quarter in 2020, A January- August profit and loss statement for 2020 and one for January August 2021. Once I submit my application, can I confirm LiftFund received it? How Small business loans in Houston, TX up to. The $20 million fund will create two different programs, one $10 million program for small businesses and a separate $10 million program for nonprofits. Business Development Officer, VP - Dallas (Large Loans) Category. Assistant Director Senior Programs. No, you may only submit one application for one business. We partner with the SBA and other lending institutions to provide small business capital solutions like startup loans, microloans and 504 loans in Houston. Learn more about becoming a LiftFund supporter. Partner with LiftFund and connect your client to resources and capital so they begin a path to success. Grant applicants are only eligible to receive one . LiftFund will administer the grants, and all completed applications will be reviewed for basic eligibility. SSBCI was established in 2010 and then recently . endobj 93.7 The Beat is Houston's REAL hip-hop and home of The Breakfast Club. Know your business goals and needs. You will be asked to submit a current business utility bill as part of the application. Houston's Harris County brought the most business owners to LiftFund by far, with 230 applications totaling more than $22 million in "pre-approved" loan amounts, which are based . Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. The application process is not first-come, first-served; all completed applications will be reviewed for eligibility and prioritized based on small business impact parameters. This is an effort to reach businesses that may have been underserved by previous relief programs. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. Prepare and GatherKnow your business goals and needs. They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. Ebony Harris has a special way with children its a gift. Extremely Unlikely . 766 Grant Harris Rd. The U.S. Department of the Treasury recently approved up to $339 million in funding for five states and territories under the State Small Business Credit Initiative (SSBCI). . Is this program different from the City of Houston's grant program? Small businesses throughout Harris County that have been affected by the COVID-19 pandemic will soon be able to apply for grants ranging from $5,000-$25,000. If I received Harris County assistance last year, am I eligible to apply for the grant? Yes, for financial assistance, please visit, . The only thing standing between small business owners and success is often a lack of capital. Find small business grants or loans in Texas that help minorities and women owned businesses. . Since 1994, LiftFund has provided over $409 million in opportunity funding and business education to small business owners and aspiring entrepreneurs. For more information about LiftFund, visit www.LiftFund.com. <>/Metadata 194 0 R/ViewerPreferences 195 0 R>> Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. Harris County has created a new $30 Million Small Business Relief Fund to support micro and small businesses recovering from the economic effects of the COVID-19 pandemic. The application process for the $30 million Harris County Small Business Relief Fund is now open. Applications with the highest scores will be reviewed and approved first. Harris County approved a similar small business relief fund last year using federal funding from the CARES Act. Upon graduating, Sophies aunt encouraged her to pursue an ASL career and follow her passion of bridging the gap between the deaf and hearing communities. At LiftFund, your investments can transform lives and wed be happy to share how you can join our movement with a gift or an investment. Aug. 10 a partnership with LiftFund, an independent nonprofit . . We believe entrepreneurship is a path to financial and family well being and we create products and resources that close the small business finance gap thousands of small businesses face daily. The business must be registered to be considered. mjk funeral home obituaries; san jose state university graduate programs deadlines Men umschalten. Check this, Must have 30 or fewer employees (including part time, contractors and full-time employees and owners), Experienced negative impact on operations due to the pandemic, Annual revenue of less than $500,000 dollars in 2019 and 2020, Be in good standing Texas Comptrollers office with no outstanding tax obligations or liabilities, Grant applicants are only eligible to receive one grant award, Only one grant may be awarded per business with more than one location, Limited to one grant per physical address within Harris County, Drivers license or government-issued photo ID, Proof of business registration with Harris County or TX Secretary of State, Q1 2021 941, payroll report or 1099 to verify number of employees. You can also attend one of our free upcoming seminars, We can be reached by phone at 888-215-2373, by email at, In 2020, LiftFund provided over $98.2 million in prompt financial support to small business owners facing the economic impact of COVID-19, including relief loans, small business grants and PPP loans across its 15-state footprint. Somewhat Unlikely . We expect around 2,000 micro and small businesses to be assisted. We are proud to partner with local community organizations collaborating as partners. Small business loans in Houston, TX up to $500,000. The application window will remain open until Monday, October 4 at 5:30 p.m. On Aug. 10, Harris County approved the $30 million relief fund to support small and micro businesses recovering from the effects of the pandemic. Many grants specifically for veterans are non-taxable. Available for start-up and existing businesses; SBA guarantee allows us to provide financing; Cash flow must be sufficient for payments; Owner Injection: 20% startups, 20% business acquisitions; Projections reviewed for businesses affected by COVID19; More than 50% of workforce is low-income, or resides in LMI census tracts, 51% or more owned by veterans, active duty military participating in the militarys Transition Assistance Program (TAP), reservist or National Guard member or a spouse of any of these groups, 51% or more owned by a widowed spouse of a service member who died while in service, or a widowed spouse of a veteran who died of a service-connected disability, Current on all payments for the last 12 months, It was used originally (85% or more) to finance eligible 504 uses (see above). By: Danica Lloyd - Community Impact. The application window will open Monday, September 20 at 9:30AM and close Monday, October 4 at 5:30PM Central Standard Time. No, number of employees will be calculated based on first quarter 2021. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. | Greater Houston Partnership, Public Policy | Greater Houston Partnership, Become a Member | Greater Houston Partnership, Living in Houston | Greater Houston Partnership, Houston Data, Insight and Analysis | Greater Houston Partnership. 2020 at 5:00 PM CST. The Barstool Fund. The application period opens Monday, July 13, 2020 and closes on Monday, July 27, 2020 with $24.7 million available. Thank you. Were here to help you strengthen your business. text-align:center; }, West Texas Region, Alamo Region, South Texas Region, East Texas Region, North Texas Region, Anderson County, Angelina County, Aransas County, Bee County, Bell County, Bexar County, Collin County, Dallas County, Denton County, El Paso County, Fort Bend County, Grimes County, Harris County, Henderson County, Hood County, Kleberg County, Nueces County, San Patricio County, Starr County, Tarrant County, Travis County, Victoria County, Waller County, Webb County, Willacy County, Williamson County, Wood County, New TVC Grants Portal For 2023-24 Funding Year, Governing Documents for the 2023-24 Funding Opportunity, Veterans County Service Officer-Administered Projects. LiftFund offers small business loans to entrepreneurs located in the following states: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Missouri, Mississippi, New York, New Mexico, Oklahoma, South Carolina, Tennessee, and Texas. To be eligible, you must meet the following criteria: Businesses that dont meet the above criteria, but fulfill certain other guidelines, may also qualify: Apply Now for an SBA 7(a) Community Advantage loan. Click the Apply Now button to the right to apply for a small business loan. Administered by local nonprofit small business advocate, LiftFund, the program was designed to assist local businesses and nonprofits recover and grow after the challenges of the pandemic. If I am not eligible for this grant, are there any other resources for me? Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. Businesses use these loans to finance fixed asset acquisitions such as: Businesses in operation for 2 or more years can also use 504 loans to refinance existing debt that meets the following criteria: The graph to the right shows how LiftFund partners with a participating lender (typically a bank) to finance part of the project. /* FORM STYLES */ If this describes you, the SBA 7A Community Advantage loan program may be the right fit. font-size:12pt; Is the $500,000 annual revenue limit based on gross or net revenue? Business and financial training. The annual revenue amount will only be reviewed for the location listed on the application and not the total of all businesses owned by the applicant. We are proud to partner with local community organizations collaborating as partners. LiftFund and other local community organizations will help applicants navigate the application process and overcome technological or language barriers. Texas Border Businesss. Government grant funds used for paying certain utilities or the mortgage for your business may also be non-taxable. The description of my page. Somewhat Likely . Harris County Judge Lina Hidalgo will announce the start of the Harris County Small Business Relief Fund Application period on Monday. Applications must be done online. We cant do this work alone, thats where you can come in. LiftFund provides small business loans for women & minority entrepreneurs and startups in Houston, Texas. Learn more about our special funding options and apply today! To learn more, scroll down and/or attend one of LiftFunds upcoming Virtual Info Sessions: Tax-exempt businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. liftfund requirements. You can view the list of prohibited NAICS codes here. To learn more about industry prioritization, click here. Through the program, small businesses and nonprofits can apply for $10,000 -$50,000 in direct relief grants. adam carlyle taylor accident. You can view the list of prohibited NAICS codes here. Yes, we will calculate the number of full time equivalent (FTE) employees, including 1099 workers. Advantages of the Micro and Small Business Loans Program. However, businesses and/or projects considered special purpose require an additional 10% from the owner. Terms: 7-10 year term; 25 year term for real estate; Prime + (2.75% to 6%); Variable rate (based on Wall Street). San Antonio-based community lender LiftFund was selected to administer the . The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. Register Email colonel frank o'sullivan interview; beverly hills high school football } Business utility bill (water, gas, electric) Home based businesses may provide a home utility bill. The application window for Harris County's new $30 million Small Business Relief Fund opened Sept. 20 and will close Oct. 4 at 5:30 p.m. Get Hired! Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. Below you will find more details about this program, including eligibility, funding methodology and timeframe. If you reported income from your current business on your schedule C in 2019 and 2020, you may file a DBA at this time and be considered. Strona gwna / Uncategorized / liftfund requirements Were here to help you strengthen your business. Business Financials: 2019 and 2020 business tax return (additional financial documents, such as bank statements or P&L may be requested if losses cannot be verified by the tax returns), DD 214 proof of military discharge (veterans only), The program has a priority for woman, minority and veteran-owned businesses, Receipt of previous federal COVID-19 funding through PPP loan, EIDL or Harris County grants, The program has a priority for businesses with fewer than 10 employees. If I have more than one business, how is the annual revenue amount calculated? Accepted highly visible role to restructure and realign senior program that provided 1,600 meals daily (900 home . Headquarters | 2014 S. Hackberry St, San Antonio, Texas 78210, USA, 2021 LiftFund All Rights Reserved | Privacy Policy | Terms of Service, About LiftFundImpactCommunityOur TeamClient Stories, ResourcesBusiness SupportLiftLearnEventsBlog, LoansAm I Ready?Funding OptionsRefer A Client, ChampionsPartnersSupportersClient Marketplace. Headquarters | 2014 S. Hackberry St, San Antonio, Texas 78210, USA, 2021 LiftFund All Rights Reserved | Privacy Policy | Terms of Service, About LiftFundImpactCommunityOur TeamClient Stories, ResourcesBusiness SupportLiftLearnEventsBlog, LoansAm I Ready?Funding OptionsRefer A Client, ChampionsPartnersSupportersClient Marketplace. The team was dedicated to finding a way to use American Rescue Plan Act funding to provide direct economic relief for community businesses still struggling with the effects of the pandemic. Can I still apply? Grants will be awarded in three months beginning in November and continuing through January, 2022. Search For Grant-Funded Services; Support Grant-Funded Services; Manage Current 2022-23 Funding. Grant applicants are only eligible to receive one grant award, Only one grant may be awarded per business with more than one location, Limited to one grant per physical address within Harris County, Drivers license or government-issued photo ID, Proof of business registration with Harris County or TX Secretary of State, Q1 2021 941, payroll report or 1099 to verify number of employees. Register here. The $30 million grant program will disburse awards of between $5,000 and $25,000 to up to 2,000 Harris County businesses. No, the business must have been registered with the county or state and operating on or before April 1, 2020. If you file an 1120, use Line 1a. Applications open today, September 20, 2021 with LiftFund to give women minority small business owners grants! Be prepared to share this information during the application process. Then, apply and submit all of your documents. Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. . stream Applications will be assessed and scored using the following methodology. Were LiftFund. Grant Funding For Veterans Services. . https://www.harriscountybusinessrelief.org/, Registered business operating in Harris County. The City of Houstons program,Harvey Economic Development Program (HEDP), provides support to impacted small businesses and communities through small business loans and grants. Do Not Sell or Share My Personal Information. The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. Very Likely . The City of Houstons program, Harvey Economic Development Program (HEDP). If you file a Schedule C, use Line 1. | Fort Bend Economic Development Council. Can those be counted? The Small Business Relief Fund was created with funding from the American Rescue Plan Act and is being administered by LiftFund, a nonprofit organization that supports small business owners with funding and business education. To learn more about industry prioritization, click here. Advantages of the SBA 7(a) Community Advantage Loans Program. Below you will find more details about this program, including eligibility, funding methodology and timeframe. There are also some exceptions. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. The message will come from a LiftFund email address. endobj Learn more about becoming a LiftFund partner. , provides support to impacted small businesses and communities through small business loans and grants. Our clients are diverse, minority owned, women owned, veteran owned, and come from all walks of life. Small businesses throughout Harris County that have been affected by the COVID-19 pandemic will soon be able to apply for grants ranging from $5,000-$25,000. /* FIELDS STYLES */ Upon graduating, Sophies aunt encouraged her to pursue an ASL career and follow her passion of bridging the gap between the deaf and hearing communities. Please submit your grant questions using the form below and we'll reach out to you within 2 business days. The nonprofit community development financial institution provides aid to small business owners across its 15-state footprint, the county said, including more than $6.1 million in funding for Harris County small business owners." We provide loans and resources to budding and established business owners; our clients are minority, women, veteran, and startup and established business owners. We are thrilled to provide access to insightful case studies and reports, as well as host events such as our Learning Days and funder . LiftFund supports hard-working small business owners like you access money and resources you need to grow your business. LiftFund provides small business loans for women & minority entrepreneurs andstartups in Houston, Texas. .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-label label { Does LiftFund have experience serving the small business community? The new $30 million relief fund is subsidized by the American Rescue . The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points. $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. Applications with the highest scores will be reviewed and approved first. endobj Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. } If I have 2 businesses, can I submit an application for each? The Small Business Recovery Fund (SBRF) program, a $30 million grant program established to assist struggling small businesses who have been unable to obtain financial assistance from other COVID-19 relief programs, was approved by the Harris County Commissioners Court on June 30. Judge Lina Hidalgo held a press conference on Tuesday, August 10, 2021, to announce a proposal for a new $30 million relief fund to support micro and small businesses recovering from the economic . According to LiftFund, a website with full details on eligibility requirements, necessary documents, and the program timeline will be available in late December. annual revenue of less than $500,000 in 2019 and 2020. We provide loan solutions that include SBA micro-loans, SBA 504 Loans and the SBA Community Advantage. By applying, we can find the right product to help you meet your business and financial needs. Apply now and a team member will review your information and documents to find a LiftFund product that fits your business goals and budget. SAN ANTONIO (December 6, 2022)-Bexar County announced last week that the Bexar County Assistance Program will offer $20 million in COVID relief grants to small businesses and nonprofits in January of next year. Tax-exempt businesses, hobby businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. Register to connect with experts and members to discuss timely topics. https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. The grant funds will be awarded monthly beginning in November 2021 and through January 2022. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. You are welcome to get assistance in completing the application from a third party, however, the business owner should submit their own application and the contact info listed should be for the owner. County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses.
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