How LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. HOUSTON, Texas (KIAH) Some business owners in Harris County can now apply for the new $30 million small business relief fund. The $20 million fund will create two different programs, one $10 million program for small businesses and a separate $10 million program for nonprofits. For more information about LiftFund, visit. Assisted in routine inspections, surveys, and complaint investigations. Eligible applications with the highest scores will be reviewed and awarded first, followed by applications with lower scores. If my business is located outside of Harris County but I serve customers within the county, can I apply? However, businesses and/or projects considered special purpose require an additional 10% from the owner. The new $30 million relief fund is . info@tvc.texas.gov. Bexar County Small Business and Nonprofit Grants. Harris County approved a similar small business relief fund last year using federal funding from the CARES Act. Register to connect with experts and members to discuss timely topics. Yes, we will calculate the number of full time equivalent (FTE) employees, including 1099 workers. Thank you for your cooperation. LiftFund founder, Janie Barrera, is a staunch advocate for small businesses in the area and nationally. By applying, we can find the right product to help you meet your business and financial needs. Be prepared to share this information during the application process. Were LiftFund. We can be reached by phone at 888-215-2373, by email at sbgrants@liftfund.com or you can submit a question online. SSBCI was established in 2010 and then recently . Ebony Harris has a special way with children its a gift. The application period opens Monday, July 13, 2020 and closes on Monday, July 27, 2020 with $24.7 million available. 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. www.LiftFund.com; Application Review: June 22, 2020; Lottery: June 23, 2020; Awards: June 29, 2020-December . May 2010 - Aug 20104 months. Join our movement to build a stronger economy. Take the next step to learn about our membership. According to LiftFund, a website with full details on eligibility requirements, necessary documents, and the program timeline will be available in late December. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. 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.. Houston, Texas Area. Here is the eligibility criteria, according to a news release from Hidalgos office: Copyright 2021 by KPRC Click2Houston - All rights reserved. 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 . endobj
You can view the list of prohibited NAICS codes here. Fort Bend Small Business Grant. Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. . Eligible small businesses applying or receiving support from other City or County program are able to apply for this program. Thats especially true if youre a startup, in a risky business industry or both. Ebony Harris has a special way with children its a gift. Applications with the highest scores will be reviewed and approved first. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. With little/poor credit or financial history, getting a loan seems impossible. 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. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. 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. Yes, as long as your business is registered with a DBA and you filed a ScheduleCin 2019 and 2020 for your business. Business Development Officer, VP - Dallas (Large Loans) Category. We cant do this work alone, thats where you can come in. Does LiftFund have experience serving the small business community? Advantages of the SBA 7(a) Community Advantage Loans Program. 996 Grant Harris Rd. P.O. We're here to support determined entrepreneurs like you with loans, tools and resources to grow your business. The Texas nonprofit LiftFund will administer the distribution of funds to applying organizations based on a transparent . - Reporter, Houston Business Journal. We partner with the SBA and other lending institutions to provide small business capital solutions like startup loans, microloans and 504 loans in Houston. 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. Harris County Small Business Relief Program Powered By: Welcome to the Harris County Small Business Relief program application portal. mjk funeral home obituaries; san jose state university graduate programs deadlines Men umschalten. I have not yet filed my 2020 tax return. 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. 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. HOUSTON Harris County Judge Lina Hidalgo will announce the start of the Harris County Small Business Relief Fund Application period on Monday. You can view the list of prohibited NAICS codes here. The grant funds will be awarded monthly beginning in November 2021 and through January 2022. Apply Home; RFA Questions & Answers; New TVC Grants Portal For 2023-24 . /* FIELDS STYLES */ . You can also attend one of our free upcoming seminars www.liftfund.com/events. Harris County urges business owners to apply by visiting the website at www.harriscountybusinessrelief.org to review the applicant checklist to verify eligibility for this program and also to be prepared with the proper documentation needed to apply before the application portal opens. We provide loan solutions that include SBA micro-loans, SBA 504 Loans and the SBA Community Advantage. 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. This is an effort to reach businesses that may have been underserved by previous relief programs. 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. Somewhat Likely . Grant Funding For Veterans Services. 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. Nov 8, 2020. Whether youre a startup or an established business owner, we know business loans are an important tool for your business. My business is home based and all of my utilities are in someone elses name. The first of three award rounds for the Harris County Small Business Relief program has started! Most projects require a 50-40-10 split. Registered as a business operating in Harris County, 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 with the Texas Comptrollers office with no outstanding tax obligations or liabilities. Funds from the $30 million fund will be distributed by LiftFund. Small business applicants will be given priority if located in suburban and unincorporated areas. %PDF-1.7
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. Small business owners have something to look forward to later this month, as Harris County launches The Small Business Relief Fund, a grant administered by LiftFund in order to help assist small . 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. These local agencies will with the application process to help overcome technological or language barriers. .o]qWbW{~]yfg7%VYG.n0G:RMKl%W(~ $WuR#PVj$w%iB"q"-.~6(Oh5
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1AG`". 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. Register Email Below you will find more details about this program, including eligibility, funding methodology and timeframe. Government grant funds used for paying certain utilities or the mortgage for your business may also be non-taxable. Then, gather and review your financials and credit history. Then, gather and review your financials and credit history. Applications open today, September 20, 2021 with LiftFund to give women minority small business owners grants! Amanda Cochran is an Edward R. Murrow award-winning journalist. 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. Were here to help you strengthen your business. If I received a PPP or EIDL loan can my business still qualify for the program? You will be asked to submit a current business utility bill as part of the application. 2022-2023 Grantees Home; Submit Status Report; Update Contact Information; Submit Quarterly Outcomes Report; Apply For 2023-24 Funding. Harris County Commissioners and LiftFund have seen firsthand the alarming impact that the Registered business operating in Harris County. 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 . LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. 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? LiftFund is proud to serve the small businesses and nonprofits that are the heart of this county, says Ms. Barrera. } Grant eligibility criteria includes: Grant applicant must be authorized representative of business or non-profit . Once I submit my application, can I confirm LiftFund received it? Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. 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. 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. 2010 - Jun 20122 years. font-size:12pt; For some, entrepreneurship is the only source of income, and a pathway out of poverty. 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. LiftFund has deep roots in Harris County and is a champion for our small business community. Join the LiftFund family as a client today. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. 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. stream
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." The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Somewhat Unlikely . 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. County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses. Grants will range from $5,000 to $25,000. Business utility bill (water, gas, electric) Home based businesses may provide a home utility bill. Applications must be done online. For more information about LiftFund, visit, LiftFund has deep roots in Harris County and is a champion for our small business community. Business and financial training. 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. We are proud to partner with local community organizations collaborating as partners. The application process for the $30 million Harris County Small Business Relief Fund is now open. 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. My business was registered and began operating in January March 2020. We can help you get the funding you need, even if youve been turned down before. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. 920 Grant Harris Rd. The $30 million grant program will disburse awards of between $5,000 and $25,000 to up to 2,000 Harris County businesses. Get the latest COVID-19 guidance and information via our resources page. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. As a Certified Development Company (CDC), LiftFund administers the SBAs 504 loan program in Texas. 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. Sign up for our email newsletter to receive important updates regarding Texas veterans and TVC. Location 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. Youre ready to grow and strengthen your business with a loan. HomeMediaLiftFund Inc. Small Business Support, Nonprofit Organization based in the Alamo Region. endobj
It is based on gross revenue. Terms: 7-10 year term; 25 year term for real estate; Prime + (2.75% to 6%); Variable rate (based on Wall Street). The $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. City of San Antonio & LiftFund to Offer Additional Grant Assistance to Small Business Owners. Apply now and a team member will review your information and documents to find a LiftFund product that fits your business goals and budget. } Can a third party, such as a CPA, submit an application on behalf of a business owner? The City of Houstons program, Harvey Economic Development Program (HEDP). Is the $500,000 annual revenue limit based on gross or net revenue? Applications with the highest scores will be reviewed and approved first. Corpus Christi, Texas Area. The only thing standing between small business owners and success is often a lack of capital. By joining our movement, you say yes to financial inclusion and opportunity for all. SBA COVID-19 Relief Options. Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. We know applying for a loan is an important decision, our team will be there to help you package and understand your funding options while youre applying with us. 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. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. adam carlyle taylor accident. Startup loans. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. KKR Small Business Builders. Get Hired! If I received Harris County assistance last year, am I eligible to apply for the grant? 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. Click here for more about theHarvey Economic Development Program (HEDP). The City of Houstons program,Harvey Economic Development Program (HEDP), provides support to impacted small businesses and communities through small business loans and grants. Austin, TX 78711-2277 As a Certified Development Company (CDC), LiftFund administers the SBAs 504 loan program in Texas. Applications will be accepted from Monday. Grant Awards & Limitations. Harris County Judge Lina Hidalgo will announce the start of the Harris County Small Business Relief Fund Application period on Monday. LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. A website with additional information for applicants is slated to go live on Aug. 20, Hidalgo said. /* FORM STYLES */ 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. Commissioners Court unanimously approved a plan to award up to 2,000 . Ebony Harris has a special way with children its a gift. Applications will be accepted from Monday. We want to thank Judge Wolff and the County Commissioners for bringing this program to life. 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. If selected, do I have to pay the grant back? Amanda Cochran, Digital Special Projects Manager. Is this program different from the City of Houston's grant program? 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. Click here to view a pdf copy of the application. Get resources to help you manage COVID-19 in your workplace. Plus, Carmen Contreras, Ashlee Young, DJ Mr. Rogers, Kiotti Brown and huge artists like Rihanna, Drake, Migos, Bryson Tiller, Beyonce and Future. If you file an 1120-S, use Line 1. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. Learn more about our special funding options and apply today! If I am not eligible for this grant, are there any other resources for me? No, your business must be physically located in the county. Tax-exempt businesses, hobby businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. 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. To qualify, applicants must show that they were negatively affected by the COVID pandemic. SBA 7a Community Advantage & 504 loans. Register here. We provide loans and resources to budding and established business owners. Grant Eligibility Criteria. We will contact you by phone or email if additional documentation or clarification is needed. 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. Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. The grant funds will be awarded monthly beginning in November 2021 and through January 2022. The only thing standing between small business owners and success is often capital. font-size:12pt; Accepted highly visible role to restructure and realign senior program that provided 1,600 meals daily (900 home .