3 0 obj LiftFund will administer the grants, and all completed applications will be reviewed for basic eligibility. P.O. Grants will range from $5,000 to $25,000. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. Register here. You can also attend one of our free upcoming seminars, We can be reached by phone at 888-215-2373, by email at, 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. All applicants will be notified of their application result by January 31, 2022. How Small business loans in Houston, TX up to. 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. endobj .nf-form-content .nf-field-container #nf-field-315-wrap { Assisted in routine inspections, surveys, and complaint investigations. Ebony Harris has a special way with children its a gift. Can a third party, such as a CPA, submit an application on behalf of a business owner? For more information about LiftFund, visit. <> I dont receive a business utility bill. You will need to submit your 2020 tax return. No, you may only submit one application for one business. 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. The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. Registration Available Mon, May 17 2021 to Wed, Jun 30 2021. We are committed to reviewing applications as quickly as possible. 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 . The new $30 million relief fund is subsidized by the American Rescue . By Chris Mathews. Click here to view a pdf copy of the application. Your DecisionWell assess your application and documents to make a decision. LiftFund is nonprofit community development financial institution with a 27-year track record of elevating underestimated and underserved communities across its 15-state footprint. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. The message will come from a LiftFund email address. mjk funeral home obituaries; san jose state university graduate programs deadlines Men umschalten. If my business is located outside of Harris County but I serve customers within the county, can I apply? More about these services:www.liftfund.com . 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 . My business was registered and began operating in January March 2020. Amanda Cochran, Digital Special Projects Manager. She specializes in Texas features, consumer and business news and local crime coverage. . Business utility bill (water, gas, electric) Home based businesses may provide a home utility bill. As a sole proprietor, I am not required by the county or state to file a DBA. LiftFund COVID Grants Assistance Form. To qualify, applicants must show that they were negatively affected by the COVID pandemic. Then, apply and submit all of your documents. colonel frank o'sullivan interview; beverly hills high school football Applications with the highest scores will be reviewed and approved first. By applying, we can find the right product to help you meet your business and financial needs. We know entrepreneurs, no matter their life story, are dedicated to improving their lives and their familys well being. Can I apply? .o]qWbW{~]yfg7%VYG.n0G:RMKl%W(~ $WuR#PVj$w%iB"q"-.~6(Oh5 }xZ(%N"Lzjn 1AG`". If I am the only employee of my business, do I need to submit a payroll report or other proof? Does LiftFund have experience serving the small business community? Am I able to apply for this program and the City of Houston's Harvey Economic Development Program (HEDP)? Upon completion of the award agreement, funds will be deposited into your account within 7 business days. 4 0 obj Partner with LiftFund and connect your client to resources and capital so they begin a path to success. 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. Thats especially true if youre a startup, in a risky business industry or both. If I am not eligible for this grant, are there any other resources for me? I use a PO Box on my business registration and/or my tax return. Create secure account. 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. <>/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>> A website with additional information for applicants is slated to go live on Aug. 20, Hidalgo said. The City of Houstons program,Harvey Economic Development Program (HEDP), provides support to impacted small businesses and communities through small business loans and grants. 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. Business utility bill (water, gas, electric) Home based businesses may provide a home utility bill. 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. Depending on how you spend your funds, you may add new tax deductions that help lower your income tax liability. 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. 1070 Grant Harris Rd. 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. 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. 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.. For some, entrepreneurship is the only source of income, and a pathway out of poverty. No, the business must have been registered with the county or state and operating on or before April 1, 2020. Create a meaningful impact and drive change in Houston. You can view the list of prohibited NAICS codes here. 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. Applicants who are not selected for funding will receive a notification email by January 31st, 2022. Learn more about our special funding options and apply today! 2022-2023 Grantees Home; Submit Status Report; Update Contact Information; Submit Quarterly Outcomes Report; Apply For 2023-24 Funding. We believe you deserve a path to success and were here to close the small business finance gap thousands of small businesses face daily. <>/Metadata 194 0 R/ViewerPreferences 195 0 R>> Why Houston? Apply and SubmitReview the list of information you need to apply through LiftFund and make sure you have all necessary documentation. Applications will be assessed and scored using the following methodology. Running a small business is a huge challenge, even during the good times, Hidalgo said in announcing the fund. $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. 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. 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. 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). 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. We provide loans and resources to budding and established business owners. 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. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. 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. We can help. You will receive a confirmation email from noreply@bmisw.com. 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. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. Advantages of the SBA 7(a) Community Advantage Loans Program. LiftFund provides small business loans for women & minority entrepreneurs and startups in Houston, Texas. The application window for Harris County's new $30 million Small Business Relief Fund opened Sept. 20 and will close Oct. 4 at 5:30 p.m. Apply Home; RFA Questions & Answers; New TVC Grants Portal For 2023-24 . Please attached copies of your 2020 1099s in the application or submit a payroll report. Extremely Unlikely . Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. 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. Comcast RISE. Can I still apply? Youre ready to grow and strengthen your business with a loan. 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. You will have 2 days to sign and accept the grant. LiftFund supports hard-working small business owners access money and resources they need to grow their business. How. 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. 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. East Harris County Empowerment Council (281) 712-2550 Spring Klein Chamber of Commerce (281) 257-9559. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. Learn more about our special funding options and apply today! 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. 1 0 obj Our clients are diverse, minority owned, women owned, veteran owned, and come from all walks of life. 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? 93.7 The Beat is Houston's REAL hip-hop and home of The Breakfast Club. The application process for the $30 million Harris County Small Business Relief Fund is now open. If you file an 1120, use Line 1a. LiftFund has deep roots in Harris County and is a champion for our small business community. Yes, for financial assistance, please visit www.liftfund.com/loan-offerings. Box 12277 All grants will be awarded by January 2022. If I have 2 businesses, can I submit an application for each? 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 . 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. Since I dont have a 2019 business tax return, what documents do I need to submit to prove negative impact? 1368 75 1 EUWJB-75 75 DIY 1 EUWJB-75 Our goal is to make sure we provide capital that meets goals and budget. SSBCI was established in 2010 and then recently .
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