Then, gather and review your financials and credit history. . However, businesses and/or projects considered special purpose require an additional 10% from the owner. Apply now and a team member will review your information and documents to find a LiftFund product that fits your business goals and budget. However, businesses and/or projects considered special purpose require an additional 5% from the owner. The grant program will go far in supporting our members and small business community., 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, recently appointed to the U.S. Treasury Committee for Racial Equity. Registration Available Mon, May 17 2021 to Wed, Jun 30 2021. No, number of employees will be calculated based on first quarter 2021. 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. I used to have more employees in 2019 and/or 2020. colonel frank o'sullivan interview; beverly hills high school football LiftFund supports hard-working small business owners like you access money and resources you need to grow your business. HomeMediaLiftFund Inc. Small Business Support, Nonprofit Organization based in the Alamo Region. Were a social enterprise that finds solutions to level the financial playing field for entrepreneurs who are often left out of financial mainstream. Business utility bill (water, gas, electric) Home based businesses may provide a home utility bill. Were here to help you strengthen your business. GoFundMe.org : Small Business Relief Fund. 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 . A list of our partner agencies and their contact information can be found, Yes. Advantages of the SBA 7(a) Community Advantage Loans Program. Whether youre a startup or an established business owner, we know business loans are an important tool for your business. 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. Applications will be accepted from Monday. 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. For over twenty five years, weve provided millions of dollars in loans to help deserving entrepreneurs grow their businesses and achieve their dreams. 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. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. Applications open today, September 20, 2021 with LiftFund to give women minority small business owners grants! If you file an 1120-S, use Line 1. 93.7 The Beat is Houston's REAL hip-hop and home of The Breakfast Club. My business was registered and began operating in January March 2020. If I received a PPP or EIDL loan can my business still qualify for the program? How LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. Bexar County approved funding for the program earlier this year after collaborating with LiftFund and the San Antonio Hispanic Chamber of Commerce (SAHCC). As a Certified Development Company (CDC), LiftFund administers the SBA's 504 loan program in Texas. Create secure account. The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. 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. Apply and SubmitReview the list of information you need to apply through LiftFund and make sure you have all necessary documentation. Harris County Commissioners and LiftFund have seen firsthand the alarming impact that . My business is home based and all of my utilities are in someone elses name. 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 Commissioners approved the program on August 10 and businesses will be able to apply starting September 20 via a new website that will be linked from the county site. 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. Fort Bend Small Business Grant. Applications must be done online. 920 Grant Harris Rd. We want to thank Judge Wolff and the County Commissioners for bringing this program to life. 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 . .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-label label { How. To learn more about industry prioritization, click here. Partner with LiftFund and connect your client to resources and capital so they begin a path to success. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. Commissioners Court unanimously approved a plan to award up to 2,000 . How can I prove my address? } Yes. Applications will be assessed and scored using the following methodology. 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. I dont receive a business utility bill. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. If I am not eligible for this grant, are there any other resources for me? Learn more about our special funding options and apply today! Can I apply? .nf-form-content .nf-field-container #nf-field-315-wrap { Both programs are set to start receiving applications in early January. With little/poor credit or financial history, getting a loan seems impossible. How to do I prove how many employees I have if I hire 1099 contractors? I use a PO Box on my business registration and/or my tax return. Upon completion of the award agreement, funds will be deposited into your account within 7 business days. Austin, TX 78711-2277 Below you will find more details about this program, including eligibility, funding methodology and timeframe. We partner with the SBA and other lending institutions to provide small business capital solutions like startup loans, microloans and 504 loans in Houston. https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. Partners include bankers, small business owners, referral partners and expert consultants, and more. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. As a Certified Development Company (CDC), LiftFund administers the SBAs 504 loan program in Texas. These local agencies will with the application process to help overcome technological or language barriers. Yes, for financial assistance, please visit www.liftfund.com/loan-offerings. Can a third party, such as a CPA, submit an application on behalf of a business owner? 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. Additional funds were approved April 27, 2021 to provide financial assistance to the small business community. Please check spam and trash in case it was blocked. Aug. 10 a partnership with LiftFund, an independent nonprofit . Applications will be assessed and scored using the following methodology. As a sole proprietor, do I submit my full 1040 personal tax return or just my Schedule C? We know you and your business need support during this time. SOAR Fund - The Southern Opportunity And Resilience Fund. The only thing standing between small business owners and success is often a lack of capital. For more information about LiftFund, visit, LiftFund has deep roots in Harris County and is a champion for our small business community. The application period opens Monday, July 13, 2020 and closes on Monday, July 27, 2020 with $24.7 million available. The new $30 million relief fund is . Terms: 7-10 year term; 25 year term for real estate; Prime + (2.75% to 6%); Variable rate (based on Wall Street). Nov 14 2022 You will have 2 days to sign and accept the grant. Is this program different from the City of Houston's grant program? Registered business operating in Harris County. Were a local nonprofit organization that makes capital more accessible to help small business owners create wealth for themselves, their families, and their communities. x=ko#9r0m6~#c;Id/dY~d-q|f6e@-b]|K}9>>.N>]]7wb;#!\TnxC The Fort Bend County Commissioners Court has approved a small business emergency grant program to assist businesses impacted by Covid-19. 2022-2023 Grantees Home; Submit Status Report; Update Contact Information; Submit Quarterly Outcomes Report; Apply For 2023-24 Funding. 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. . SBA 7a Community Advantage & 504 loans. The City of Houstons program,Harvey Economic Development Program (HEDP), provides support to impacted small businesses and communities through small business loans and grants. Pricey, but great for a date. 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. font-size:12pt; They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. endobj
We provide small business loans to underserved business owners, especially minority and women entrepreneurs, throughout the Southeast USA. Applicants who are not selected for funding will receive a notification email by January 31st, 2022. I have not yet filed my 2020 tax return. Thats especially true if youre a startup, in a risky business industry or both. LiftFund tiene races profundas en el condado Harris y es un defensor de nuestra comunidad. Latino, Hispanic, Black, veteran and disadvantaged businesses can get free grants or low cost loans. Learn more about becoming a LiftFund supporter. Assistant Director Senior Programs. Startup loans. Your password must be at least 7 characters long. You can submit a copy of your business lease agreement. It loans money to . Notice: JavaScript is required for this content. County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses. Thursday, September 23 at 12:00 pm. The only thing standing between small business owners and success is often capital. Win Your Trip to Our 2023 iHeartRadio Music Awards! 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. This program puts funding directly into the hands of small businesses and nonprofits to help them strengthen the families and neighborhoods of our county, says County Judge Wolff. For your convenience, services are being provided in-person, online, & by phone. 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. Source: LiftFund. 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. Below you will find more details about this program, including eligibility, funding methodology and timeframe. The Texas nonprofit LiftFund will administer the distribution of funds to applying organizations based on a transparent . The county has approved a $30 million relief fund to support small businesses recovering from the COVID-19 pandemic. Be prepared to share this information during the application process. Tax-exempt businesses, hobby businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. Advantages of the Micro and Small Business Loans Program. Will the application process accommodate business owners facing technological or language barriers? But when other lenders are telling you no, LiftFund wants to say yes. 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. 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. Click here to view a pdf copy of the application. The application window will open Monday, September 20 at 9:30AM and close Monday, October 4 at 5:30PM Central Standard Time. Small business applicants will be given priority if located in suburban and unincorporated areas. "This place has amazing seafood, an extensive wine selection, and excellent service. 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. LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. Since I dont have a 2019 business tax return, what documents do I need to submit to prove negative impact? <>
By Chris Mathews. 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 . Eligible small businesses applying or receiving support from other City or County program are able to apply for this program. 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. endobj
#DJSupastar LiftFund supports hard-working small business owners access money and resources they need to grow their business. SBA COVID-19 Relief Options. Thank you. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. The fund was approved to support small and micro businesses who have . Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. You need capital that can support you a loan that can help you grow your business so you can prove your success and qualify for a bank loan. Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. Somewhat Unlikely . Bexar County Small Business and Nonprofit Grants.