The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. 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. Join our movement in leveling the financial playing field and breaking the cycle of poverty through entrepreneurship. font-size:12pt; Somewhat Likely . font-size:12pt; TikTok & Hispanic Heritage Foundation. Applications with the highest scores will be reviewed and approved first. Eligible applications with the highest scores will be reviewed and awarded first, followed by applications with lower scores. Harris County Judge Lina Hidalgo will announce the start of the Harris County Small Business Relief Fund Application period on Monday. All grants will be awarded by January 2022. Desde 1998, LiftFund ha proporcionado ms de $68.7 millones de dolares en capital y ms de 4.300 prstamos comerciales a propietarios y emprendedores de pequeas empresas del este de Texas, de los cuales el 81% son negros, indgenas y de color (BIPOC), el 65% son individuos de bajos a moderados . Your password must be at least 7 characters long. Thank you. Get updates, toolkits and timely information about the virus and its economic impact. The Fort Bend County Commissioners Court has approved a small business emergency grant program to assist businesses impacted by Covid-19. As a sole proprietor, do I submit my full 1040 personal tax return or just my Schedule C? Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. I dont receive a business utility bill. Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points. Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. Bexar County approved funding for the program earlier this year after collaborating with LiftFund and the San Antonio Hispanic Chamber of Commerce (SAHCC). } No, revenue must be less than $500,000 in both 2019 and 2020. Yes, as long as your business is registered with a DBA and you filed a ScheduleCin 2019 and 2020 for your business. We are thrilled to provide access to insightful case studies and reports, as well as host events such as our Learning Days and funder . The application window will open Monday, September 20 at 9:30AM and close Monday, October 4 at 5:30PM Central Standard Time. San Antonio-based community lender LiftFund was selected to administer the . P.O. 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. LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. The only thing standing between small business owners and success is often capital. 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. Grant Eligibility Criteria. If selected, do I have to pay the grant back? Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. Location Grant eligibility criteria includes: Grant applicant must be authorized representative of business or non-profit . She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. The fund was created with funding from the American Rescue Plan Act and is being administered on behalf of Harris County by LiftFund, a nonprofit community development financial institution. To learn more about industry prioritization, click here. SBA 7a Community Advantage & 504 loans. We provide loans for: Whether you have limited credit, collateral or experience, our team will work with you to provide a loan that allows you to build your credit and improve your finances. Stay up-to-date on whats happening with the Partnership and Greater Houston region by opting-in to receive information on upcoming events, news, data releases and more. The grant application will require verification of pertinent documentation. Apply now and a team member will review your information and documents to find a LiftFund product that fits your business goals and budget. The Texas nonprofit LiftFund will administer the distribution of funds to applying organizations based on a transparent . x=ko#9r0m6~#c;Id/dY~d-q|f6e@-b]|K}9>>.N>]]7wb;#!\TnxC .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-element li label { Please select services and we will contact you. Learn more about becoming a LiftFund supporter. The $20 million fund will create two different programs, one $10 million program for small businesses and a separate $10 million program for nonprofits. We provide small business loans to underserved business owners, especially minority and women entrepreneurs, throughout the Southeast USA. For over twenty five years, weve provided millions of dollars in loans to help deserving entrepreneurs grow their businesses and achieve their dreams. We believe you deserve a path to success and we're here to close the small business finance . We know entrepreneurs, no matter their life story, are dedicated to improving their lives and their familys well being. Very Likely . More information about the partner organizations can be found, You will receive a confirmation email from. SBA COVID-19 Relief Options. SOAR Fund - The Southern Opportunity And Resilience Fund. County Judge Lina Hidalgo recently discussed the start of the Harris County Small Business Relief Fund application period, where eligible companies can apply for grants between $5,000 and $25,000 until October 4, 2021. endobj Since I dont have a 2019 business tax return, what documents do I need to submit to prove negative impact? Corpus Christi, Texas Area. Harris County approved a similar small business relief fund last year using federal funding from the CARES Act. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. 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 . We want to thank Judge Wolff and the County Commissioners for bringing this program to life. 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. View all San Marcos Property Records by Street. Then, gather and review your financials and credit history. 2020 at 5:00 PM CST. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. Yes, for financial assistance, please visit www.liftfund.com/loan-offerings. If my business is located outside of Harris County but I serve customers within the county, can I apply? .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-label label { 4 0 obj How can I prove my address? How will you verify my physical business address? Yes, we will calculate the number of full time equivalent (FTE) employees, including 1099 workers. 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. Robyn Harris, LiftFund robyn@gilbcomm.com, 281-649-9595 Martha Zurita, LiftFund mzurita@liftfund.com, 210-531-5518 Press Office, Harris County Judge press@cjo.hctx.net, 713-274-7050 Apply starting Sept. 20 for $30 million Harris County small business relief program, managed by LiftFund Eligible small and micro businesses may receive grants Finding traditional business loans isnt easy. 2010 - Jun 20122 years. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. LiftFund will administer the grants, and all completed applications will be reviewed for basic eligibility. | 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. #DJSupastar If I have questions, how do I contact LiftFund? Prepare and GatherKnow your business goals and needs. If I am not eligible for this grant, are there any other resources for me? On August 10, Harris County approved the $30 million relief fund to support small and micro businesses recovering from the effects of the pandemic. Do Not Sell or Share My Personal Information. If youve been unable to obtain small business financing through traditional means, LiftFund is here to help. Through the program, small businesses and nonprofits can apply for $10,000 -$50,000 in direct relief grants. If I am the only employee of my business, do I need to submit a payroll report or other proof? As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. 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. Am I able to apply for this program and the City of Houston's Harvey Economic Development Program (HEDP)? Applications open today, September 20, 2021 with LiftFund to give women minority small business owners grants! , provides support to impacted small businesses and communities through small business loans and grants. Please submit your grant questions using the form below and we'll reach out to you within 2 business days. 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. Please attached copies of your 2020 1099s in the application or submit a payroll report. $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. The City of Houstons program, Harvey Economic Development Program (HEDP). County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses. colonel frank o'sullivan interview; beverly hills high school football If your business is in a low- to moderate-income community that LiftFund serves, you may qualify for a special SBA loan. Business Development Officer, VP - Dallas (Large Loans) Category. 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. The description of my page. For your convenience, services are being provided in-person, online, & by phone. Small business applicants will be given priority if located in suburban and unincorporated areas. 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. My business is home based and all of my utilities are in someone elses name. 820 Grant Harris Rd. Learn more about becoming a LiftFund partner. Search For Grant-Funded Services; Support Grant-Funded Services; Manage Current 2022-23 Funding. www.LiftFund.com; Application Review: June 22, 2020; Lottery: June 23, 2020; Awards: June 29, 2020-December . She was recently appointed to the U.S. Treasury Committee for Racial Equity to advise Secretary Yellen on efforts to improve financial inclusion for communities of color. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 16 0 R 17 0 R 18 0 R 28 0 R 31 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. Dj, Philanthropist, & TV Reality Personality, Zelma T. Lee, is better known to fans as DJ Supastar. Grant Awards & Limitations. However, businesses and/or projects considered special purpose require an additional 10% from the owner. 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. Strona gwna / Uncategorized / liftfund requirements Youre ready to grow and strengthen your business with a loan. 1090 Grant Harris Rd. Fort Bend Small Business Grant. The application review period will start on October 5, 2021 and continue through January 9, 2022. 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." 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. Then, gather and review your financials and credit history. 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. Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points. It is based on gross revenue. If you file a Schedule C, use Line 1. Create secure account.
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