You will need to submit your 2020 tax return. These local agencies will with the application process to help overcome technological or language barriers. $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. Below you will find more details about this program, including eligibility, funding methodology and timeframe. This type of funding is essential for rebuilding the economy of Bexar County communities. by Grace Rodriguez | Sep 7, 2021 | Front Page, Houston News, Latest News | 0 comments. Houston, Texas Area. A website with additional information for applicants is slated to go live on Aug. 20, Hidalgo said. Take the next step to learn about our membership. Then, gather and review your financials and credit history. Grants will be awarded in three months beginning in November and continuing through January, 2022. Applications with the highest scores will be reviewed and approved first. Negative impact can be demonstrated by a decline in either gross or net revenue between 2019 and 2020. font-size:12pt; Small business loans in Houston, TX up to $500,000. Find San Marcos, TX residential property records including property owners, sales & transfer history, deeds & titles, property taxes, valuations . 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. The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. Yes, for financial assistance, please visit www.liftfund.com/loan-offerings. The Fort Bend County Commissioners Court has approved a small business emergency grant program to assist businesses impacted by Covid-19. If you file an 1120, use Line 1a. Somewhat Likely . However, businesses and/or projects considered special purpose require an additional 10% from the owner. 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. East Harris County Empowerment Council (281) 712-2550 Spring Klein Chamber of Commerce (281) 257-9559. Find small business grants or loans in Texas that help minorities and women owned businesses. 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. 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. Running a small business is a huge challenge, even during the good times, Hidalgo said in announcing the fund. Extremely Unlikely . 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. 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. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. Policy News - March 2, 2023. Get updates, toolkits and timely information about the virus and its economic impact. We expect around 2,000 micro and small businesses to be assisted. .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-label label { 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. Houston area small businesses still recovering from the effects of the COVID-19 pandemic will soon get the chance to apply for relief funding through a new Harris County initiative. P.O. <> Don't forget to end the meal with bananas foster or godiva chocolate cake." 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 that Impact Hub Houston is partnering with LiftFund to help more entrepreneurs, founders, and micro and small businesses learn about and get access to this critical funding so they can survive and thrive in these incredibly trying times. View all San Marcos Property Records by Street. HOUSTON, Texas (KIAH) Some business owners in Harris County can now apply for the new $30 million small business relief fund. In order to keep our team focused on the review and award process, we kindly ask that you refrain from contacting us to request a status update, as we may not be able to provide an immediate response to your inquiry. If I applied for a Harris County COVID-19 grant last year, do I have to re-apply? Registered business operating in Harris County. Were here to help you strengthen your business. The description of my page. Is the $500,000 annual revenue limit based on gross or net revenue? Austin, TX 78711-2277 766 Grant Harris Rd. If I received a PPP or EIDL loan can my business still qualify for the program? Additionally, please uploadoneof the two options below to the application: The amount you are eligible for is based on the number of full time equivalent (FTE) employees you have. The county has approved a $30 million relief fund to support small businesses recovering from the COVID-19 pandemic. x=ko#9r0m6~#c;Id/dY~d-q|f6e@-b]|K}9>>.N>]]7wb;#!\TnxC . <>/Metadata 194 0 R/ViewerPreferences 195 0 R>> Qualified businesses can obtain term loans (credit lines are not available) from $50,000 to $250,000 with interest rates of Prime + 4 to 6%. Most projects require a 50-40-10 split. Dj Supastar talked with VP, Michi Clay of The Lift Fund on Face The Beat this past Sunday about FREE money that is available for small business owners. Applicants who are not selected for funding will receive a notification email by January 31st, 2022. 820 Grant Harris Rd. For more information about LiftFund, visit, LiftFund has deep roots in Harris County and is a champion for our small business community. Once I submit my application, can I confirm LiftFund received it? Applications will be assessed and scored using the following methodology. If I am not eligible for this grant, are there any other resources for me? SOAR Fund - The Southern Opportunity And Resilience Fund. Youre ready to grow and strengthen your business with a loan. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. If you file an 1120-S, use Line 1. The business must be registered to be considered. Finding traditional business loans isnt easy. .nf-form-content .nf-field-container #nf-field-315-wrap { How. 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. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Your DecisionWell assess your application and documents to make a decision. For more information about LiftFund, visit. 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. By applying, we can find the right product to help you meet your business and financial needs. Bexar County Small & Micro Business COVID-19 Relief Grant Program is a new fund to provide emergency relief to small businesses struggling under the financial impact of COVID-19. 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. A list of our partner agencies and their contact information can be found here. Applications will be assessed and scored using the following methodology. According to LiftFund, a website with full details on eligibility requirements, necessary documents, and the program timeline will be available in late December. If you file a Schedule C, use Line 1. Source: LiftFund. Latino, Hispanic, Black, veteran and disadvantaged businesses can get free grants or low cost loans. Do Not Sell or Share My Personal Information. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. 2020 at 5:00 PM CST. Both programs are set to start receiving applications in early January. 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 . We provide loans and resources to budding and established business owners; our clients are minority, women, veteran, and startup and established business owners. Application opens today for Free Grant Money for small business owners in Harris County! For more information, or to get information for the Harris County Business Relief program in Spanish or Vietnamese, please visit https://www.harriscountybusinessrelief.org/, 2023 Impact Hub Houston - houston.impacthub.net - 1801 Main St, 10th Floor, Houston TX 77002 - #HOUimpact, Harris County has created a new $30 Million Small Business Relief Fund. Sign up for our email newsletter to receive important updates regarding Texas veterans and TVC. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. Partners include bankers, small business owners, referral partners and expert consultants, and more. KKR Small Business Builders. All applicants will be notified of their application result by January 31, 2022. LiftFund has deep roots in Harris County and is a champion for our small business community. If I have 2 businesses, can I submit an application for each? Harris County approved a similar small business relief fund last year using federal funding from the CARES Act. 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. Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. 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 . Registration Available Mon, May 17 2021 to Wed, Jun 30 2021. Please attached copies of your 2020 1099s in the application or submit a payroll report. San Antonio company LiftFund said many small businesses aren't fully prepared for a natural disaster or emergency, so it has secured a $500,000 federal grant to change that. 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. For over twenty five years, weve provided millions of dollars in loans to help deserving entrepreneurs grow their businesses and achieve their dreams. The application window will open Monday, September 20 at 9:30AM and close Monday, October 4 at 5:30PM Central Standard Time. You can view the list of prohibited NAICS codes here. With little/poor credit or financial history, getting a loan seems impossible. The SBA created the Community Advantage program to reach underserved communities where business owners may struggle to obtain financing through traditional means. The personal sacrifices that small business owners make day in and day out for their community are huge and we owe it to them to support them as we make it through the COVID-19 crisis and the associated economic challenges.. Were a partner with SBA and the program funds startups and existing businesses, startup costs, operating expenses, business acquisition, refinancing business debt, tenant improvements, working capital, equipment purchases and more. As a sole proprietor, I am not required by the county or state to file a DBA. More information about the partner organizations can be found, You will receive a confirmation email from. As a Certified Development Company (CDC), LiftFund administers the SBA's 504 loan program in Texas. It is based on gross revenue. Were a social enterprise that finds solutions to level the financial playing field for entrepreneurs who are often left out of financial mainstream. Eligible small business owners may apply for financial support in the form of grants ranging from $5,000 to $25,000 to advance their recovery from the economic setbacks caused by the COVID-19 pandemic. Amanda Cochran, Digital Special Projects Manager. Grant eligibility criteria includes: Grant applicant must be authorized representative of business or non-profit . Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points. font-size:12pt; LiftFund provides small business loans for women & minority entrepreneurs and startups in Houston, Texas. #nf-form-28-cont .nf-row { The only thing standing between small business owners and success is often capital. If you do not receive any additional funding besides the Harris County grant, what is the likelihood of your business being open on 12/31/2022? LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. The application review period will start on October 5, 2021 and continue through January 9, 2022. Plus, Carmen Contreras, Ashlee Young, DJ Mr. Rogers, Kiotti Brown and huge artists like Rihanna, Drake, Migos, Bryson Tiller, Beyonce and Future. endobj City of San Antonio & LiftFund to Offer Additional Grant Assistance to Small Business Owners. If you need help with the Public File, call (713) 778-4745. Small businesses in the county that found themselves affected by COVID-19 will soon be able to apply for a grant of up to $25,000. We provide loans and resources to budding and established business owners. No, you may only submit one application for one business. How can I prove my address? Community partners will be available to assist interested applicants with the online application, to give as many businesses and nonprofits as possible the opportunity to apply. The new $30 million relief fund is . 2010 - Jun 20122 years. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. adam carlyle taylor accident. We know that applying for a loan can be daunting, but were more than just a lender were here to guide you through the process so you can apply with confidence, as well as guide you to understand how to best use your funding. Yes, we will calculate the number of full time equivalent (FTE) employees, including 1099 workers. Commissioners Court unanimously approved a plan to award up to 2,000 . Thats especially true if youre a startup, in a risky business industry or both. Thank you. 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. 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. The grant application will require verification of pertinent documentation. 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. If my business opened after April 2020, can I apply? 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? Terms: 7-10 year term; 25 year term for real estate; Prime + (2.75% to 6%); Variable rate (based on Wall Street). Can those be counted? 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. ARHP a pplications are available to all interested and eligible applicants (as outlined in the application) from September 28, 2022, to November 3, 2022 or until available program funding is fully allocated. No, number of employees will be calculated based on first quarter 2021. 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. LiftFund COVID Grants Assistance Form. font-size:12px; Location The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. 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. Assisted in routine inspections, surveys, and complaint investigations. https://www.harriscountybusinessrelief.org/, Registered business operating in Harris County. 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. 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 . Harris County will distribute another $30 million in federal COVID-19 relief aid to help small businesses weather the pandemic. LiftFund supports hard-working small business owners access money and resources they need to grow their business. Like in many communities, the aftermath of the pandemic continues to be felt by Bexar County. To learn more about industry prioritization, click here. We can help you get the funding you need, even if youve been turned down before. Applications with the highest scores will be reviewed and approved first. 1368 75 1 EUWJB-75 75 DIY 1 EUWJB-75 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). Pricey, but great for a date. Applications will be accepted from Monday. We partner with the SBA and other lending institutions to provide small business capital solutions like startup loans, microloans and 504 loans in Houston.