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We can help. 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). We will be hosting virtual info sessions to provide an overview of this grant program. Small Business Loans Houston, Startups, SBA & Micro Loans | LiftFund SSBCI was established in 2010 and then recently . Sign up for our email newsletter to receive important updates regarding Texas veterans and TVC. 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." Bexar County approved funding for the program earlier this year after collaborating with LiftFund and the San Antonio Hispanic Chamber of Commerce (SAHCC). If your business was registered and began operating in January March 2020, you do not need to provide a 2019 tax return. LiftFund COVID Grants Assistance Form 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. All applicants will be notified of their application result by January 31, 2022. Startup loans. The application window will open Monday, September 20 at 9:30AM and close Monday, October 4 at 5:30PM Central Standard Time. Harris County approved a similar small business relief fund last year using federal funding from the CARES Act. Grant applicants are only eligible to receive one . | Fort Bend Economic Development Council. LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. Application opens for $30 million Harris County Small Business Relief Fund Is this program different from the City of Houston's grant program? Spanish - Harris County Small Business Grant Recovery Program 2021 The grant application will require verification of pertinent documentation. Liftfund - Houston, TX - Foursquare Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. Learn more about becoming a LiftFund supporter. SOAR Fund - The Southern Opportunity And Resilience Fund. The City of Houstons program, Harvey Economic Development Program (HEDP). Your DecisionWell assess your application and documents to make a decision. www.LiftFund.com; Application Review: June 22, 2020; Lottery: June 23, 2020; Awards: June 29, 2020-December . Is the $500,000 annual revenue limit based on gross or net revenue? To learn more about industry prioritization, click here. Our goal is to make sure we provide capital that meets goals and budget. Very Likely . 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. We know that applying for a loan can be daunting, but were more than just a lender were here to guide you through the process so you can apply with confidence, as well as guide you to understand how to best use your funding. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. How small businesses in Harris County can apply for relief funds 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.. text-align:center; }, West Texas Region, Alamo Region, South Texas Region, East Texas Region, North Texas Region, Anderson County, Angelina County, Aransas County, Bee County, Bell County, Bexar County, Collin County, Dallas County, Denton County, El Paso County, Fort Bend County, Grimes County, Harris County, Henderson County, Hood County, Kleberg County, Nueces County, San Patricio County, Starr County, Tarrant County, Travis County, Victoria County, Waller County, Webb County, Willacy County, Williamson County, Wood County, New TVC Grants Portal For 2023-24 Funding Year, Governing Documents for the 2023-24 Funding Opportunity, Veterans County Service Officer-Administered Projects. Why Houston? Tax-exempt businesses, hobby businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. . The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. Harris County to launch $30M small-business relief fund Sept. 20 - impact Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points. Government grant funds used for paying certain utilities or the mortgage for your business may also be non-taxable. By joining our movement, you say yes to financial inclusion and opportunity for all. Search For Grant-Funded Services; Support Grant-Funded Services; Manage Current 2022-23 Funding. Applications will be accepted from Monday. APPLY NOW: Harris County`s Small Business Relief Fund Begins Today font-size:12px; LiftFund, a nonprofit community development financial institution with a presence in Houston, is expanding its financial . 2020 at 5:00 PM CST. You can submit a copy of your business lease agreement. 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. How Small business loans in Houston, TX up to. 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. We are committed to reviewing applications as quickly as possible. 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. 93.7 The Beat is Houston's REAL hip-hop and home of The Breakfast Club. Prepare and GatherKnow your business goals and needs. As long as the address on the utility bill matches the other documentation provided, that can serve as verification of business location. Upon completion of the award agreement, funds will be deposited into your account within 7 business days. We can be reached by phone at 888-215-2373, by email at [email protected] or you can submit a question online. Applications will be assessed and scored using the following methodology. We are proud to partner with local community organizations collaborating as partners. No, you may only submit one application for one business. If you do not receive any additional funding besides the Harris County grant, what is the likelihood of your business being open on 12/31/2022? According to LiftFund, a website with full details on eligibility requirements, necessary documents, and the program timeline will be available in late December. LiftFund supports hard-working small business owners like you access money and resources you need to grow your business. You can view the list of prohibited NAICS codes here. For more information about LiftFund, visit www.LiftFund.com. The grant program will disburse awards of between $5,000 . Assistant Director Senior Programs. This type of funding is essential for rebuilding the economy of Bexar County communities. We cant do this work alone, thats where you can come in. Ebony Harris has a special way with children its a gift. The City of San Antonio Small Business COVID Impact Grants Program will provide financial support in the form of grants to micro and small business owners who continue to be impacted by the pandemic to strengthen the San Antonio small business community.The program, funded by the City of San Antonio and administered by LiftFund, has dedicated $17,000,000 Million in funding to support for . LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. } Applications must be done online. Additionally, please uploadoneof the two options below to the application: The amount you are eligible for is based on the number of full time equivalent (FTE) employees you have. 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. Am I able to apply for this program and the City of Houston's Harvey Economic Development Program (HEDP)? If I applied for a Harris County COVID-19 grant last year, do I have to re-apply? SBA 7a Community Advantage & 504 loans. Terms: 7-10 year term; 25 year term for real estate; Prime + (2.75% to 6%); Variable rate (based on Wall Street). LiftFund tiene races profundas en el condado Harris y es un defensor de nuestra comunidad. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small . Negative impact can be demonstrated by a decline in either gross or net revenue between 2019 and 2020. 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? Applicants will need to be businesses registered in Harris County with: Applications for the program will run for two weeks beginning Sept. 20. 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. Policy News - March 2, 2023. 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. LiftFund founder, Janie Barrera, is a staunch advocate for small businesses in the area and nationally. There are also some exceptions. We provide loans and resources to budding and established business owners. Get updates, toolkits and timely information about the virus and its economic impact. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. 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. Chica Verdes mission is to bring a bit of warmth and green into the life of its customers, who are the center of the business. 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. They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin.