liftfund harris county grant

Yes, as long as your business is registered with a DBA and you filed a ScheduleCin 2019 and 2020 for your business. They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. 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 If I have questions, how do I contact LiftFund? San Antonio-based community lender LiftFund was selected to administer the . The application window will open Monday, September 20 at 9:30AM and close Monday, October 4 at 5:30PM Central Standard Time. 1090 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. SSBCI was established in 2010 and then recently . 766 Grant Harris Rd. 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. Is negative impact on operations due to the pandemic based on gross or net revenue? Yes, for financial assistance, please visit www.liftfund.com/loan-offerings. She specializes in Texas features, consumer and business news and local crime coverage. The grant application will require verification of pertinent documentation. No, number of employees will be calculated based on first quarter 2021. Learn more about becoming a LiftFund supporter. 2 0 obj 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. Take the next step to learn about our membership. We want to thank Judge Wolff and the County Commissioners for bringing this program to life. Both programs are set to start receiving applications in early January. We know you and your business need support during this time. Ebony Harris has a special way with children its a gift. Qualified businesses can obtain term loans (credit lines are not available) from $50,000 to $250,000 with interest rates of Prime + 4 to 6%. If I am the only employee of my business, do I need to submit a payroll report or other proof? 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 . Depending on how you spend your funds, you may add new tax deductions that help lower your income tax liability. No, revenue must be less than $500,000 in both 2019 and 2020. 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. LiftFund and other local community organizations will help applicants navigate the application process and overcome technological or language barriers. https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. 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. 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. We can help you get the funding you need, even if youve been turned down before. endobj 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. Yes. <> Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. You can view the list of prohibited NAICS codes here. Registered business operating in Harris County. Harris County Commissioners and LiftFund have seen firsthand the alarming impact that . Click here to view a pdf copy of the application. We are proud to partner with local community organizations collaborating as partners. A list of our partner agencies and their contact information can be found, Yes. The Small Business Recovery Fund (SBRF) program, a $30 million grant program established to assist struggling small businesses who have been unable to obtain financial assistance from other COVID-19 relief programs, was approved by the Harris County Commissioners Court on June 30. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. Nov 14 2022 Small business loans in Houston, TX up to $500,000. If I applied for a Harris County COVID-19 grant last year, do I have to re-apply? HOUSTON, Texas (KIAH) Some business owners in Harris County can now apply for the new $30 million small business relief fund. Learn more about our special funding options and apply today! The description of my page. I used to have more employees in 2019 and/or 2020. 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. We cant do this work alone, thats where you can come in. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. 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. Thursday, September 23 at 12:00 pm. % Please check spam and trash in case it was blocked. By: Danica Lloyd - Community Impact. 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. You will need to submit your 2020 tax return. Applications will be assessed and scored using the following methodology. LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. Through the program, small businesses and nonprofits can apply for $10,000 -$50,000 in direct relief grants. Register Email 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. 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. Applications will be assessed and scored using the following methodology. Please attached copies of your 2020 1099s in the application or submit a payroll report. Join the LiftFund family as a client today. LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. Amanda Cochran is an Edward R. Murrow award-winning journalist. GoFundMe.org : Small Business Relief Fund. 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. 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. You are welcome to get assistance in completing the application from a third party, however, the business owner should submit their own application and the contact info listed should be for the owner. } Dj, Philanthropist, & TV Reality Personality, Zelma T. Lee, is better known to fans as DJ Supastar. 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. 1 0 obj Be prepared to share this information during the application process. 3 0 obj Click here for more about theHarvey Economic Development Program (HEDP). 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? 1368 75 1 EUWJB-75 75 DIY 1 EUWJB-75 This is an effort to reach businesses that may have been underserved by previous relief programs. Assisted in routine inspections, surveys, and complaint investigations. Source: LiftFund. Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. If my business is located outside of Harris County but I serve customers within the county, can I apply? We know entrepreneurs, no matter their life story, are dedicated to improving their lives and their familys well being. The application window will open Monday, September 20 at 9:30AM and close Monday, October 4 at 5:30PM Central Standard Time. You can view the list of prohibited NAICS codes here. If you file an 1120-S, use Line 1. 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. These local agencies will with the application process to help overcome technological or language barriers. .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-label label { 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? LiftFund offers the Community Advantage loan to small businesses located in the following states: Alabama, Arkansas, California, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, New York, Oklahoma, South Carolina, Tennessee, and Texas. 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. 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. 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 . Most projects require a 50-40-10 split. More information about the partner organizations can be found, You will receive a confirmation email from. Our clients are diverse, minority owned, women owned, veteran owned, and come from all walks of life. Yes, we will calculate the number of full time equivalent (FTE) employees, including 1099 workers. SBA COVID-19 Relief Options. We can help. According to LiftFund, a website with full details on eligibility requirements, necessary documents, and the program timeline will be available in late December. Harris County Judge Lina Hidalgo will announce the start of the Harris County Small Business Relief Fund Application period on Monday. 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. 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. 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.

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