Harris County Small Business Relief Program Powered By: Welcome to the Harris County Small Business Relief program application portal. . Commissioners Court unanimously approved a plan to award up to 2,000 . Small business loans in Houston, TX up to $500,000. Here is the eligibility criteria, according to a news release from Hidalgos office: Copyright 2021 by KPRC Click2Houston - All rights reserved. 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. 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. Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. Extremely Unlikely . LiftFund supports hard-working small business owners access money and resources they need to grow their business. Small businesses throughout Harris County that have been affected by the COVID-19 pandemic will soon be able to apply for grants ranging from $5,000-$25,000. Services include Small Business Support. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings.
'We owe it to them': Harris County Judge Lina Hidalgo - KPRC Please check spam and trash in case it was blocked. Business and financial training. 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 . 2010 - Jun 20122 years. If I applied for a Harris County COVID-19 grant last year, do I have to re-apply? Mar 01 2023: Filed Mar 01 2023: HB 178 (88th Legislature (2023)) Relating to testing possible controlled substance evidence for fentanyl. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. Get resources to help you manage COVID-19 in your workplace. For more information about LiftFund, visit, LiftFund has deep roots in Harris County and is a champion for our small business community. P.O.
New relief funds available to help Harris County small businesses Eligible applications with the highest scores will be reviewed and awarded first, followed by applications with lower scores. How Small business loans in Houston, TX up to. The message will come from a LiftFund email address. Find San Marcos, TX residential property records including property owners, sales & transfer history, deeds & titles, property taxes, valuations . 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. LiftFund, a nonprofit community development financial institution with a presence in Houston, is expanding its financial .
LiftFund and Partners to Offer Additional Grant Programs Applications with the highest scores will be reviewed and approved first. Thank you. Most projects require a 50-40-10 split. Accepted highly visible role to restructure and realign senior program that provided 1,600 meals daily (900 home . Harris County to launch $30M small-business relief fund Sept. 20. Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points. Prepared technical reports regarding emissions and environmental . 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. 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. Why Houston? 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.. 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. GoFundMe.org : Small Business Relief Fund. A list of our partner agencies and their contact information can be found here. 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. 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. Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. endobj
Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. The Texas nonprofit LiftFund will administer the distribution of funds to applying organizations based on a transparent . .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-element li label {
City of San Antonio Launches COVID-19 Recovery Grant Program for Small <>
This type of funding is essential for rebuilding the economy of Bexar County communities. Desde 1998, LiftFund ha proporcionado ms de $68.7 millones de dolares en capital y ms de 4.300 prstamos comerciales a propietarios y emprendedores de pequeas empresas del este de Texas, de los cuales el 81% son negros, indgenas y de color (BIPOC), el 65% son individuos de bajos a moderados . This program puts funding directly into the hands of small businesses and nonprofits to help them strengthen the families and neighborhoods of our county, says County Judge Wolff. SBA COVID-19 Relief Options. We believe you deserve a path to success and we're here to close the small business finance .
New Partnership with LiftFund: Harris County Small - Impact Hub Grant Awards & Limitations. Very Likely .
Small Business Loans Houston, Startups, SBA & Micro Loans | LiftFund As a sole proprietor, do I submit my full 1040 personal tax return or just my Schedule C? 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. Search For Grant-Funded Services; Support Grant-Funded Services; Manage Current 2022-23 Funding. Is negative impact on operations due to the pandemic based on gross or net revenue? Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. For over twenty five years, weve provided millions of dollars in loans to help deserving entrepreneurs grow their businesses and achieve their dreams. For more information about LiftFund, visit. 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. LiftFund supports hard-working small business owners like you access money and resources you need to grow your business. Join our movement in leveling the financial playing field and breaking the cycle of poverty through entrepreneurship. You will be asked to submit a current business utility bill as part of the application. %
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. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. 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. The $30 million grant program will disburse awards of between $5,000 and $25,000 to up to 2,000 Harris County businesses.
Harris County Small Business Grants - GrantInfoClub.com The first of three award rounds for the Harris County Small Business Relief program has started! County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses. Applications will be accepted from Monday. Terms: 7-10 year term; 25 year term for real estate; Prime + (2.75% to 6%); Variable rate (based on Wall Street). We are committed to reviewing applications as quickly as possible.
Running a small business is a huge challenge, even during the good times, Hidalgo said in announcing the fund. Additional funds were approved April 27, 2021 to provide financial assistance to the small business community. No, you may only submit one application for one business. Create secure account. These local agencies will with the application process to help overcome technological or language barriers. The Small Business Relief Fund was created with funding from the American Rescue Plan Act (ARPA) and is being administered by LiftFund, a nonprofit organization that supports small business owners . Yes, we will calculate the number of full time equivalent (FTE) employees, including 1099 workers. By: Danica Lloyd - Community Impact. 996 Grant Harris Rd. As long as the address on the utility bill matches the other documentation provided, that can serve as verification of business location. . How. Then, gather and review your financials and credit history. 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). endobj
Sign up for our email newsletter to receive important updates regarding Texas veterans and TVC. Bexar County Small & Micro Business COVID-19 Relief Grant Program is a new fund to provide emergency relief to small businesses struggling under the financial impact of COVID-19. } 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. Somewhat Unlikely . Advantages of the SBA 7(a) Community Advantage Loans Program. 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 As a Certified Development Company (CDC), LiftFund administers the SBAs 504 loan program in Texas. If selected, do I have to pay the grant back? 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. 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. Am I able to apply for this program and the City of Houston's Harvey Economic Development Program (HEDP)? May 2010 - Aug 20104 months. A website with additional information for applicants is slated to go live on Aug. 20, Hidalgo said. Throughout the year, the SAHCC and LiftFund have combined efforts to urge the county to allocate ARPA funding for direct relief to small 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? If I have more than one business, how is the annual revenue amount calculated? We will contact you by phone or email if additional documentation or clarification is needed. Don't forget to end the meal with bananas foster or godiva chocolate cake." 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. Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points.
Register - Harris County Grant Program - BMI Productivity Solutions Yes, as long as your business is registered with a DBA and you filed a ScheduleCin 2019 and 2020 for your business.
Harris County to launch $30M small-business relief fund Sept. 20 - impact Strona gwna / Uncategorized / liftfund requirements 920 Grant Harris Rd. Click here to view a pdf copy of the application.
Texas free grants and loans for minority and women owned businesses Rhonda Foster, MBA - Director Asset Management - Houston Housing Applications will be accepted from Monday. 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. . 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.