} All grants will be awarded by January 2022. Since 1998, LiftFund has provided over $68.7 million in capital and more than 4,300 business loans to East Texas small business owners and entrepreneurs, of which 81% are Black, Indigenous and People of Color (BIPOC), 65% are Low-to-Moderate Income individuals, 43% are women, and 24% are startups. 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. If I applied for a Harris County COVID-19 grant last year, do I have to re-apply? by Grace Rodriguez | Sep 7, 2021 | Front Page, Houston News, Latest News | 0 comments. } The Barstool Fund. 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. By Chris Mathews. Know your business goals and needs. Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. 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. If I have more than one business, how is the annual revenue amount calculated? To learn more about industry prioritization, click here. 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? } 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. 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. The fund was approved to support small and micro businesses who have . Find small business grants or loans in Texas that help minorities and women owned businesses. 2 0 obj
However, businesses and/or projects considered special purpose require an additional 10% from the owner. .o]qWbW{~]yfg7%VYG.n0G:RMKl%W(~ $WuR#PVj$w%iB"q"-.~6(Oh5
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1AG`". SBA 7a Community Advantage & 504 loans. 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. If I have 2 businesses, can I submit an application for each? Whether youre a startup or an established business owner, we know business loans are an important tool for your business. TikTok & Hispanic Heritage Foundation. Our goal is to make sure we provide capital that meets goals and budget. We partner with the SBA and other lending institutions to provide small business capital solutions like startup loans, microloans and 504 loans in Houston. Texas free grants and loans for minority and women owned businesses #nf-form-28-cont .nf-row { The grant program will disburse awards of between $5,000 . You can view the list of prohibited NAICS codes here. The application process for the $30 million Harris County Small Business Relief Fund is now open. x=ko#9r0m6~#c;Id/dY~d-q|f6e@-b]|K}9>>.N>]]7wb;#!\TnxC Harris County Approves $30 Million COVID Relief Fund for Micro and We provide loans and resources to budding and established business owners. Applications will be accepted from Monday. The new $30 million relief fund is . For more information about LiftFund, visit www.LiftFund.com. We are proud to partner with local community organizations collaborating as partners. Source: LiftFund. If your business is in a low- to moderate-income community that LiftFund serves, you may qualify for a special SBA loan. 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. If my business is located outside of Harris County but I serve customers within the county, can I apply? Bexar County approved funding for the program earlier this year after collaborating with LiftFund and the San Antonio Hispanic Chamber of Commerce (SAHCC). According to LiftFund, a website with full details on eligibility requirements, necessary documents, and the program timeline will be available in late December. Sign up for our email newsletter to receive important updates regarding Texas veterans and TVC. Apply here. As a sole proprietor, do I submit my full 1040 personal tax return or just my Schedule C? Thursday, September 23 at 12:00 pm. COVID-19 Grants - University of Houston The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Is negative impact on operations due to the pandemic based on gross or net revenue? HomeMediaLiftFund Inc. Small Business Support, Nonprofit Organization based in the Alamo Region. 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. Do Not Sell or Share My Personal Information. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. <>
Spanish - Harris County Small Business Grant Recovery Program 2021 Dj, Philanthropist, & TV Reality Personality, Zelma T. Lee, is better known to fans as DJ Supastar. www.LiftFund.com; Application Review: June 22, 2020; Lottery: June 23, 2020; Awards: June 29, 2020-December . 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. Get updates, toolkits and timely information about the virus and its economic impact. 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 Location Harris County launches $30 million Covid relief fund dedicated to Harris County may launch second $30M relief fund to help small Best Small Business Loan Options for Startups & Established - LiftFund We cant do this work alone, thats where you can come in. SOAR Fund - The Southern Opportunity And Resilience Fund. KKR Small Business Builders. Additional funds were approved April 27, 2021 to provide financial assistance to the small business community. Throughout the year, the SAHCC and LiftFund have combined efforts to urge the county to allocate ARPA funding for direct relief to small businesses. .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-element li label { 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. 'We owe it to them': Harris County Judge Lina Hidalgo - KPRC Harris County to launch $30M small-business relief fund Sept. 20. Partner with LiftFund and connect your client to resources and capital so they begin a path to success. LiftFund, a nonprofit community development financial institution with a presence in Houston, is expanding its financial . Nov 8, 2020. LiftFund Inc. - Small Business Support - Texas Veterans Commission Harris County's $30M small-business relief fund applications open https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. 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. Grant Eligibility Criteria. A list of our partner agencies and their contact information can be found, Yes. Then, apply and submit all of your documents. Prepared technical reports regarding emissions and environmental . 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. Harris County will distribute another $30 million in federal COVID-19 relief aid to help small businesses weather the pandemic. 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. Join the LiftFund family as a client today. Applications will be assessed and scored using the following methodology. . LiftFund provides small business loans for women & minority entrepreneurs andstartups in Houston, Texas. LiftFund supports hard-working small business owners access money and resources they need to grow their business. If you file an 1120-S, use Line 1. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. Advantages of the SBA 7(a) Community Advantage Loans Program. Harris County to launch $30M small-business relief fund Sept. 20 Register here. LiftFund COVID Grants Assistance Form We know you and your business need support during this time. 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.. 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. 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). As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. Were a social enterprise that finds solutions to level the financial playing field for entrepreneurs who are often left out of financial mainstream. They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. 3 0 obj
For more information about LiftFund, visit www.LiftFund.com. Apply now and a team member will review your information and documents to find a LiftFund product that fits your business goals and budget. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. Harris County to launch $30M small-business relief fund Sept. 20 - impact The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. More information about the partner organizations can be found, You will receive a confirmation email from. The first of three award rounds for the Harris County Small Business Relief program has started! Grant Awards & Limitations. To qualify, applicants must show that they were negatively affected by the COVID pandemic. 11 Aug 2021. Please check spam and trash in case it was blocked.