LiftFund supports hard-working small business owners like you access money and resources you need to grow your business. font-size:12pt; 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. Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. It loans money to . Were a social enterprise that finds solutions to level the financial playing field for entrepreneurs who are often left out of financial mainstream. 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. How Small business loans in Houston, TX up to. Partners include bankers, small business owners, referral partners and expert consultants, and more. Grant Eligibility Criteria. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. 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. You can also attend one of our free upcoming seminars www.liftfund.com/events. All grants will be awarded by January 2022. Get updates, toolkits and timely information about the virus and its economic impact. Both programs are set to start receiving applications in early January. . All applicants will be notified of their application result by January 31, 2022. We know entrepreneurs, no matter their life story, are dedicated to improving their lives and their familys well being. Harris County Small Business Relief Program Powered By: Welcome to the Harris County Small Business Relief program application portal. Source: LiftFund. Through the program, small businesses and nonprofits can apply for $10,000 -$50,000 in direct relief grants. Please refer to the Scope of Work for additional information. 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 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. More information about the partner organizations can be found, You will receive a confirmation email from. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. You may still submit the home utility bill. Bexar County approved funding for the program earlier this year after collaborating with LiftFund and the San Antonio Hispanic Chamber of Commerce (SAHCC). Be prepared to share this information during the application process. The grant application will require verification of pertinent documentation. Apply Home; RFA Questions & Answers; New TVC Grants Portal For 2023-24 . Apply here. Somewhat Unlikely . Apply now and a team member will review your information and documents to find a LiftFund product that fits your business goals and budget. But when other lenders are telling you no, LiftFund wants to say yes. Notice: JavaScript is required for this content. 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. The Barstool Fund. As a sole proprietor, I am not required by the county or state to file a DBA. Your password must be at least 7 characters long. Don't forget to end the meal with bananas foster or godiva chocolate cake." Can a third party, such as a CPA, submit an application on behalf of a business owner? You can view the list of prohibited NAICS codes here. TikTok & Hispanic Heritage Foundation. 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. No, your business must be physically located in the county. If I am not eligible for this grant, are there any other resources for me? Negative impact can be demonstrated by a decline in either gross or net revenue between 2019 and 2020. We are thrilled to provide access to insightful case studies and reports, as well as host events such as our Learning Days and funder . Get resources to help you manage COVID-19 in your workplace. If you file an 1120, use Line 1a. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. 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 . Is this program different from the City of Houston's grant program? These local agencies will with the application process to help overcome technological or language barriers. Upon completion of the award agreement, funds will be deposited into your account within 7 business days. Since 2011, the LIFT Fund has served as a resource hub for people and organizations interested in learning more about innovative strategies and tactics that move the workers' rights movement forward. Eligible applications with the highest scores will be reviewed and awarded first, followed by applications with lower scores. .nf-form-content .nf-field-container #nf-field-315-wrap { 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. endobj 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. You can submit a copy of your business lease agreement. 11 Aug 2021. 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). Terms: 7-10 year term; 25 year term for real estate; Prime + (2.75% to 6%); Variable rate (based on Wall Street). Do Not Sell or Share My Personal Information. For your convenience, services are being provided in-person, online, & by phone. 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. Very Likely . } LiftFund provides small business loans for women & minority entrepreneurs and startups in Houston, Texas. For more information about LiftFund, visit www.LiftFund.com. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. 93.7 The Beat is Houston's REAL hip-hop and home of The Breakfast Club. The SBA created the Community Advantage program to reach underserved communities where business owners may struggle to obtain financing through traditional means. Advantages of the Micro and Small Business Loans Program. Find San Marcos, TX residential property records including property owners, sales & transfer history, deeds & titles, property taxes, valuations . 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 . As a Certified Development Company (CDC), LiftFund administers the SBA's 504 loan program in Texas. 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. Applications with the highest scores will be reviewed and approved first. 766 Grant Harris Rd. 2 0 obj 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. 1090 Grant Harris Rd. LiftFund is nonprofit community development financial institution with a 27-year track record of elevating underestimated and underserved communities across its 15-state footprint. If my business is located outside of Harris County but I serve customers within the county, can I apply? The application review period will start on October 5, 2021 and continue through January 9, 2022. Once I submit my application, can I confirm LiftFund received it? This is an effort to reach businesses that may have been underserved by previous relief programs. If I have more than one business, how is the annual revenue amount calculated? If I applied for a Harris County COVID-19 grant last year, do I have to re-apply? The fund was approved to support small and micro businesses who have . A list of our partner agencies and their contact information can be found here. liftfund requirements. 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. Grant applicants are only eligible to receive one . Policy News - March 2, 2023. Nov 8, 2020. colonel frank o'sullivan interview; beverly hills high school football 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. 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 . stream Your DecisionWell assess your application and documents to make a decision. Am I able to apply for this program and the City of Houston's Harvey Economic Development Program (HEDP)? Learn more about our special funding options and apply today! Applications will be accepted from Monday. 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. 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. Austin, TX 78711-2277 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. No, businesses must submit both the 2019 and 2020 business tax returns to be considered,unless the business was registered and began operating in January March 2020, in which case the 2019 return is not required. 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. Grant Funding For Veterans Services. If my business opened after April 2020, can I apply? Full Bio. Accepted highly visible role to restructure and realign senior program that provided 1,600 meals daily (900 home . Business and financial training. 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. 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. 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, for financial assistance, please visit www.liftfund.com/loan-offerings. Will the application process accommodate business owners facing technological or language barriers? 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. Register Email % The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. Depending on how you spend your funds, you may add new tax deductions that help lower your income tax liability. 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. https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. Thats especially true if youre a startup, in a risky business industry or both. 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. 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). 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? 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 . We're here to support determined entrepreneurs like you with loans, tools and resources to grow your business. Grant eligibility criteria includes: Grant applicant must be authorized representative of business or non-profit . If you need help with the Public File, call (713) 778-4745. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. More about these services:www.liftfund.com . If I have 2 businesses, can I submit an application for each? 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 program will disburse awards of between $5,000 . Grants will range from $5,000 to $25,000. Grants will be awarded in three months beginning in November and continuing through January, 2022. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. Learn more about becoming a LiftFund partner. With little/poor credit or financial history, getting a loan seems impossible. The first of three award rounds for the Harris County Small Business Relief program has started! LiftFund has deep roots in Harris County and is a champion for our small business community. GoFundMe.org : Small Business Relief Fund. Apply and SubmitReview the list of information you need to apply through LiftFund and make sure you have all necessary documentation. My business was registered and began operating in January March 2020. We will be hosting virtual info sessions to provide an overview of this grant program. Applicants who are not selected for funding will receive a notification email by January 31st, 2022. LiftFund will administer the grants, and all completed applications will be reviewed for basic eligibility. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. https://www.harriscountybusinessrelief.org/, Registered business operating in Harris County. 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 Judge Lina Hidalgo will announce the start of the Harris County Small Business Relief Fund Application period on Monday. 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. LiftFund and other local community organizations will help applicants navigate the application process and overcome technological or language barriers. By applying, we can find the right product to help you meet your business and financial needs. LiftFund provides small business loans for women & minority entrepreneurs andstartups in Houston, Texas. Houston, Texas Area. 820 Grant Harris Rd. The message will come from a LiftFund email address. How LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. Then, apply and submit all of your documents. 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. Thursday, September 23 at 12:00 pm. On August 10, Harris County approved the $30 million relief fund to support small and micro businesses recovering from the effects of the pandemic. Finding traditional business loans isnt easy. Since I dont have a 2019 business tax return, what documents do I need to submit to prove negative impact? 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. As a Certified Development Company (CDC), LiftFund administers the SBAs 504 loan program in Texas. However, businesses and/or projects considered special purpose require an additional 5% from the owner. The application period opens Monday, July 13, 2020 and closes on Monday, July 27, 2020 with $24.7 million available. Ebony Harris has a special way with children its a gift. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. According to LiftFund, a website with full details on eligibility requirements, necessary documents, and the program timeline will be available in late December. 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. 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. LiftFund COVID Grants Assistance Form. We provide small business loans to underserved business owners, especially minority and women entrepreneurs, throughout the Southeast USA. Assistant Director Senior Programs. $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. The $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. Click the Apply Now button to the right to apply for a small business loan. . Please select services and we will contact you. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. #nf-form-28-cont .nf-form-title h3 { 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. Harris County Commissioners and LiftFund have seen firsthand the alarming impact that the } To qualify, applicants must show that they were negatively affected by the COVID pandemic. How can I prove my address? The only thing standing between small business owners and success is often a lack of capital. . Applications with the highest scores will be reviewed and approved first. 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. Bexar County is requesting bids for the installation of Bullet Resistance Glass around the radius of the counter located in the Human Resources Department. Find small business grants or loans in Texas that help minorities and women owned businesses. Eligible applications with the highest scores will be reviewed and awarded first, followed by applications with lower scores. The grant funds will be awarded monthly beginning in November 2021 and through January 2022. Since 1994, LiftFund has provided over $409 million in opportunity funding and business education to small business owners and aspiring entrepreneurs. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small . Get the latest COVID-19 guidance and information via our resources page. As a sole proprietor, do I submit my full 1040 personal tax return or just my Schedule C? Registration Available Mon, May 17 2021 to Wed, Jun 30 2021. .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-label label { If selected, do I have to pay the grant back? Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points. Here is the eligibility criteria, according to a news release from Hidalgos office: Copyright 2021 by KPRC Click2Houston - All rights reserved. Thank you for your cooperation. Partner with LiftFund and connect your client to resources and capital so they begin a path to success.
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