liftfund harris county grant

The only thing standing between small business owners and success is often a lack of capital. . She was recently appointed to the U.S. Treasury Committee for Racial Equity to advise Secretary Yellen on efforts to improve financial inclusion for communities of color. All grants will be awarded by January 2022. Partners include bankers, small business owners, referral partners and expert consultants, and more. liftfund requirements. 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. For over twenty five years, weve provided millions of dollars in loans to help deserving entrepreneurs grow their businesses and achieve their dreams. The $20 million fund will create two different programs, one $10 million program for small businesses and a separate $10 million program for nonprofits. Get resources to help you manage COVID-19 in your workplace. Harris County Commissioners and LiftFund have seen firsthand the alarming impact that the 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 have 2 businesses, can I submit an application for each? 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. 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. endobj Throughout the year, the SAHCC and LiftFund have combined efforts to urge the county to allocate ARPA funding for direct relief to small businesses. Startup loans. 996 Grant Harris Rd. I use a PO Box on my business registration and/or my tax return. LiftFund founder, Janie Barrera, is a staunch advocate for small businesses in the area and nationally. You will have 2 days to sign and accept the grant. 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. . The grant funds will be awarded monthly beginning in November 2021 and through January 2022. Do Not Sell or Share My Personal Information. Corpus Christi, Texas Area. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. You may still submit the home utility bill. Join our movement to build a stronger economy. Grants will range from $5,000 to $25,000. Create a meaningful impact and drive change in Houston. font-size:12pt; If your business is in a low- to moderate-income community that LiftFund serves, you may qualify for a special SBA loan. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. A website with additional information for applicants is slated to go live on Aug. 20, Hidalgo said. To learn more about industry prioritization, click here. HOUSTON Harris County Judge Lina Hidalgo will announce the start of the Harris County Small Business Relief Fund Application period on Monday. My business is home based and all of my utilities are in someone elses name. Government grant funds used for paying certain utilities or the mortgage for your business may also be non-taxable. Harris County will distribute another $30 million in federal COVID-19 relief aid to help small businesses weather the pandemic. 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. LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. We are proud to partner with local community organizations collaborating as partners. You can view the list of prohibited NAICS codes here. Learn more about becoming a LiftFund supporter. Were here to help you strengthen your business. Can I still apply? Registration Available Mon, May 17 2021 to Wed, Jun 30 2021. LiftFund will administer the grants, and all completed applications will be reviewed for basic eligibility. Below you will find more details about this program, including eligibility, funding methodology and timeframe. Grant Eligibility Criteria. For more information about LiftFund, visit. The only thing standing between small business owners and success is often capital. But when other lenders are telling you no, LiftFund wants to say yes. The grant application will require verification of pertinent documentation. 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? 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. Grant Awards & Limitations. 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. Business utility bill (water, gas, electric) Home based businesses may provide a home utility bill. Will the application process accommodate business owners facing technological or language barriers? We are thrilled to provide access to insightful case studies and reports, as well as host events such as our Learning Days and funder . The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. Apply now and a team member will review your information and documents to find a LiftFund product that fits your business goals and budget. 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. Click the Apply Now button to the right to apply for a small business loan. Applicants will need to be businesses registered in Harris County with: Applications for the program will run for two weeks beginning Sept. 20. Click here for more about theHarvey Economic Development Program (HEDP). Assistant Director Senior Programs. LiftFund offers small business loans to entrepreneurs located in the following states: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Missouri, Mississippi, New York, New Mexico, Oklahoma, South Carolina, Tennessee, and Texas. Register Email Know your business goals and needs. LiftFund is nonprofit community development financial institution with a 27-year track record of elevating underestimated and underserved communities across its 15-state footprint. If my business is located outside of Harris County but I serve customers within the county, can I apply? Plus, Carmen Contreras, Ashlee Young, DJ Mr. Rogers, Kiotti Brown and huge artists like Rihanna, Drake, Migos, Bryson Tiller, Beyonce and Future. By joining our movement, you say yes to financial inclusion and opportunity for all. Harris County Community Services Department (HCCSD) has released the Harris County Affordable Rental Housing Program (ARHP) Request for Applica tions /Proposals (RFA). Harris County to launch $30M small-business relief fund Sept. 20. Ebony Harris has a special way with children its a gift. If you file an 1120-S, use Line 1. Applications will be assessed and scored using the following methodology. Your DecisionWell assess your application and documents to make a decision. The new $30 million relief fund is subsidized by the American Rescue . The fund was approved to support small and micro businesses who have . Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. 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. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. If I applied for a Harris County COVID-19 grant last year, do I have to re-apply? Eligible applications with the highest scores will be reviewed and awarded first, followed by applications with lower scores. Take the next step to learn about our membership. GoFundMe.org : Small Business Relief Fund. 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. LiftFund provides small business loans for women & minority entrepreneurs and startups in Houston, Texas. They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. I used to have more employees in 2019 and/or 2020. 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 . Please check spam and trash in case it was blocked. Administered by local nonprofit small business advocate, LiftFund, the program was designed to assist local businesses and nonprofits recover and grow after the challenges of the pandemic. 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. <> stream 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 that Impact Hub Houston is partnering with LiftFund to help more entrepreneurs, founders, and micro and small businesses learn about and get access to this critical funding so they can survive and thrive in these incredibly trying times. Once I submit my application, can I confirm LiftFund received it? Get updates, toolkits and timely information about the virus and its economic impact. You can also attend one of our free upcoming seminars www.liftfund.com/events. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Prepare and GatherKnow 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. Can a third party, such as a CPA, submit an application on behalf of a business owner? .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-label label { 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. 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. Yes, businesses are eligible to apply and the amount of previously received funding will be factored into calculation of grant score. LiftFund supports hard-working small business owners access money and resources they need to grow their business. 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). The grant application will require verification of pertinent documentation. 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. Harris County Small Business Relief Program Powered By: Welcome to the Harris County Small Business Relief program application portal. You can view the list of prohibited NAICS codes here. $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. 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. The City of Houstons program,Harvey Economic Development Program (HEDP), provides support to impacted small businesses and communities through small business loans and grants. #nf-form-28-cont .nf-form-title h3 { Austin, TX 78711-2277 The application period opens Monday, July 13, 2020 and closes on Monday, July 27, 2020 with $24.7 million available. We believe you deserve a path to success and were here to close the small business finance gap thousands of small businesses face daily. Apply here. 1368 75 1 EUWJB-75 75 DIY 1 EUWJB-75 Please submit your grant questions using the form below and we'll reach out to you within 2 business days. https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. I dont receive a business utility bill. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small . Harris County Commissioners and LiftFund have seen firsthand the alarming impact that . Depending on how you spend your funds, you may add new tax deductions that help lower your income tax liability. 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. Harris County and LiftFund are offering one more webinar to provide an overview of the grant program, eligibility guidelines and more information about how to apply. <>/Metadata 194 0 R/ViewerPreferences 195 0 R>> Ebony Harris has a special way with children its a gift. We cant do this work alone, thats where you can come in. 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.

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