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If I received Harris County assistance last year, am I eligible to apply for the grant? Thats especially true if youre a startup, in a risky business industry or both. For more information about LiftFund, visit, LiftFund has deep roots in Harris County and is a champion for our small business community. 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. 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? Please check spam and trash in case it was blocked. - Reporter, Houston Business Journal. 2020 at 5:00 PM CST. Apply here. 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. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. 11 Aug 2021. LiftFund has deep roots in Harris County and is a champion for our small business community. The grant funds will be awarded monthly beginning in November 2021 and through January 2022. Thank you. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. Harris County will distribute another $30 million in federal COVID-19 relief aid to help small businesses weather the pandemic. Sign up for our email newsletter to receive important updates regarding Texas veterans and TVC. <>/Metadata 194 0 R/ViewerPreferences 195 0 R>> 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. Applications will be accepted from Monday. If you are a small business owner that live in Harris County, and was affected by the pandemic, then hit the link below to apply for FREE GRANT money . SOAR Fund - The Southern Opportunity And Resilience Fund. 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. Can a third party, such as a CPA, submit an application on behalf of a business owner? The Fort Bend County Commissioners Court has approved a small business emergency grant program to assist businesses impacted by Covid-19. You can view the list of prohibited NAICS codes here. . The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Dj, Philanthropist, & TV Reality Personality, Zelma T. Lee, is better known to fans as DJ Supastar. We can help. You will receive a confirmation email from noreply@bmisw.com. Yes, businesses are eligible to apply and the amount of previously received funding will be factored into calculation of grant score. Once I submit my application, can I confirm LiftFund received it? 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. Below you will find more details about this program, including eligibility, funding methodology and timeframe. View all San Marcos Property Records by Street. Registration Available Mon, May 17 2021 to Wed, Jun 30 2021. LiftFund supports hard-working small business owners access money and resources they need to grow their business. 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. The Barstool Fund. 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. 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. I have not yet filed my 2020 tax return. Amanda Cochran is an Edward R. Murrow award-winning journalist. font-size:12px; You can view the list of prohibited NAICS codes here. Can those be counted? County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses. Small business applicants will be given priority if located in suburban and unincorporated areas. 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. Grant Eligibility Criteria. 1 0 obj For your convenience, services are being provided in-person, online, & by phone. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. We want to thank Judge Wolff and the County Commissioners for bringing this program to life. 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. Since I dont have a 2019 business tax return, what documents do I need to submit to prove negative impact? To qualify, applicants must show that they were negatively affected by the COVID pandemic. They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. Yes, for financial assistance, please visit www.liftfund.com/loan-offerings. You may still submit the home utility bill. If you file an 1120-S, use Line 1. Learn more about our special funding options and apply today! She specializes in Texas features, consumer and business news and local crime coverage. Get the latest COVID-19 guidance and information via our resources page. 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 Commissioners and LiftFund have seen firsthand the alarming impact that the As a sole proprietor, I am not required by the county or state to file a DBA. A list of our partner agencies and their contact information can be found here. Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points. % Strona gwna / Uncategorized / liftfund requirements Learn more about becoming a LiftFund partner. Click here for more about theHarvey Economic Development Program (HEDP). Applications will be assessed and scored using the following methodology. Is negative impact on operations due to the pandemic based on gross or net revenue? As a Certified Development Company (CDC), LiftFund administers the SBAs 504 loan program in Texas. 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. Be prepared to share this information during the application process. www.LiftFund.com; Application Review: June 22, 2020; Lottery: June 23, 2020; Awards: June 29, 2020-December . 93.7 The Beat is Houston's REAL hip-hop and home of The Breakfast Club. https://www.harriscountybusinessrelief.org/, Registered business operating in Harris County. No, you may only submit one application for one business. annual revenue of less than $500,000 in 2019 and 2020. by Grace Rodriguez | Sep 7, 2021 | Front Page, Houston News, Latest News | 0 comments. 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. Somewhat Unlikely . Terms: 7-10 year term; 25 year term for real estate; Prime + (2.75% to 6%); Variable rate (based on Wall Street). Thank you for your cooperation. It loans money to . If I received a PPP or EIDL loan can my business still qualify for the program? x=ko#9r0m6~#c;Id/dY~d-q|f6e@-b]|K}9>>.N>]]7wb;#!\TnxC As a sole proprietor, do I submit my full 1040 personal tax return or just my Schedule C? 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. Register to connect with experts and members to discuss timely topics. Startup loans. By: Danica Lloyd - Community Impact. You can view the list of prohibited NAICS codes here. Please select services and we will contact you. 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 (ARPA) and is being administered by LiftFund, a nonprofit organization that supports small business owners . Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. TikTok & Hispanic Heritage Foundation. LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. For over twenty five years, weve provided millions of dollars in loans to help deserving entrepreneurs grow their businesses and achieve their dreams. Thursday, September 23 at 12:00 pm. However, businesses and/or projects considered special purpose require an additional 5% from the owner. The grant application will require verification of pertinent documentation. LiftFund COVID Grants Assistance Form. HomeMediaLiftFund Inc. Small Business Support, Nonprofit Organization based in the Alamo Region. Businesses must not have any outstanding tax liabilities. 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. The City of Houstons program, Harvey Economic Development Program (HEDP). You will need to submit your 2020 tax return. <>/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>> LiftFund supports hard-working small business owners like you access money and resources you need to grow your business. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. Grants will range from $5,000 to $25,000. For more information about LiftFund, visit www.LiftFund.com. | Greater Houston Partnership, Public Policy | Greater Houston Partnership, Become a Member | Greater Houston Partnership, Living in Houston | Greater Houston Partnership, Houston Data, Insight and Analysis | Greater Houston Partnership. To qualify for the Small Business Relief Fund, micro and small business applicants must: Be located within Harris County 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. 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. Am I able to apply for this program and the City of Houston's Harvey Economic Development Program (HEDP)? 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. If I have questions, how do I contact LiftFund? More information about the partner organizations can be found, You will receive a confirmation email from. Advantages of the Micro and Small Business Loans Program. LiftFund founder, Janie Barrera, is a staunch advocate for small businesses in the area and nationally. In order to keep our team focused on the review and award process, we kindly ask that you refrain from contacting us to request a status update, as we may not be able to provide an immediate response to your inquiry. Location The application window will open Monday, September 20 at 9:30AM and close Monday, October 4 at 5:30PM Central Standard Time. Upon completion of the award agreement, funds will be deposited into your account within 7 business days. We will contact you by phone or email if additional documentation or clarification is needed. Eligible small businesses applying or receiving support from other City or County program are able to apply for this program. 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 $20 million fund will create two different programs, one $10 million program for small businesses and a separate $10 million program for nonprofits. Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points. The county has approved a $30 million relief fund to support small businesses recovering from the COVID-19 pandemic. The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. 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. 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. The fund was approved to support small and micro businesses who have . The new $30 million relief fund is subsidized by the American Rescue . We provide loan solutions that include SBA micro-loans, SBA 504 Loans and the SBA Community Advantage. Were here to help you strengthen your business. Harris County to launch $30M small-business relief fund Sept. 20. stream 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. Grants will be awarded in three months beginning in November and continuing through January, 2022. .nf-form-content .nf-field-container #nf-field-315-wrap { . 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? If this describes you, the SBA 7A Community Advantage loan program may be the right fit. 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. Assisted in routine inspections, surveys, and complaint investigations. adam carlyle taylor accident. 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 . SBA 7a Community Advantage & 504 loans. Applicants who are not selected for funding will receive a notification email by January 31st, 2022. Your password must be at least 7 characters long. These local agencies will with the application process to help overcome technological or language barriers. You can also attend one of our free upcoming seminars www.liftfund.com/events. Ebony Harris has a special way with children its a gift. 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. 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. Yes, for financial assistance, please visit, . Take the next step to learn about our membership. Tax-exempt businesses, hobby businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. We believe you deserve a path to success and were here to close the small business finance gap thousands of small businesses face daily.