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. /* FIELDS STYLES */ Pricey, but great for a date. 766 Grant Harris Rd. by Grace Rodriguez | Sep 7, 2021 | Front Page, Houston News, Latest News | 0 comments. We provide loans and resources to budding and established business owners. If you file a Schedule C, use Line 1. 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. Please attached copies of your 2020 1099s in the application or submit a payroll report. How to do I prove how many employees I have if I hire 1099 contractors? 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. HOUSTON, Texas (KIAH) Some business owners in Harris County can now apply for the new $30 million small business relief fund. 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. 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 . Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. Running a small business is a huge challenge, even during the good times, Hidalgo said in announcing the fund. You can view the list of prohibited NAICS codes here. 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. The county has approved a $30 million relief fund to support small businesses recovering from the COVID-19 pandemic. The City of Houstons program,Harvey Economic Development Program (HEDP), provides support to impacted small businesses and communities through small business loans and grants. Applicants selected to receive a grant will receive an award agreement through Docusign. Yes, businesses are eligible to apply and the amount of previously received funding will be factored into calculation of grant score. Both programs are set to start receiving applications in early January. 2 0 obj https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. 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. 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. Sign up for our email newsletter to receive important updates regarding Texas veterans and TVC. All grants will be awarded by January 2022. Eligible applications with the highest scores will be reviewed and awarded first, followed by applications with lower scores. Youre ready to grow and strengthen your business with a loan. How will you verify my physical business address? We provide small business loans to underserved business owners, especially minority and women entrepreneurs, throughout the Southeast USA. The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. 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. Get updates, toolkits and timely information about the virus and its economic impact. Your DecisionWell assess your application and documents to make a decision. annual revenue of less than $500,000 in 2019 and 2020. But when other lenders are telling you no, LiftFund wants to say yes. SBA COVID-19 Relief Options. 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 . You will receive a confirmation email from noreply@bmisw.com. Strona gwna / Uncategorized / liftfund requirements We believe you deserve a path to success and we're here to close the small business finance . Grant Awards & Limitations. stream 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. 2020 at 5:00 PM CST. Harris County approved a similar small business relief fund last year using federal funding from the CARES Act. If I have more than one business, how is the annual revenue amount calculated? No, the business must have been registered with the county or state and operating on or before April 1, 2020. San Antonio-based community lender LiftFund was selected to administer the . 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 . Create secure account. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. 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. Is the $500,000 annual revenue limit based on gross or net revenue? Register Email More about these services:www.liftfund.com . If I have 2 businesses, can I submit an application for each? Harris County urges business owners to apply by visiting the website at www.harriscountybusinessrelief.org to review the applicant checklist to verify eligibility for this program and also to be prepared with the proper documentation needed to apply before the application portal opens. GoFundMe.org : Small Business Relief Fund. 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. Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. HomeMediaLiftFund Inc. Small Business Support, Nonprofit Organization based in the Alamo Region. #DJSupastar . , provides support to impacted small businesses and communities through small business loans and grants. Click here for more about theHarvey Economic Development Program (HEDP). 11 Aug 2021. Finding traditional business loans isnt easy. In 2020, LiftFund provided over $98 million in relief funding, including zero-to-low interest rate loans and grants, to small business owners across its 15-state footprint including over $6.1 . For over twenty five years, weve provided millions of dollars in loans to help deserving entrepreneurs grow their businesses and achieve their dreams. Join our movement in leveling the financial playing field and breaking the cycle of poverty through entrepreneurship. We are committed to reviewing applications as quickly as possible. How can I prove my address? #nf-form-28-cont .nf-row { Houston, Texas Area. Grants will be awarded in three months beginning in November and continuing through January, 2022. 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. Register here. Aug. 10 a partnership with LiftFund, an independent nonprofit . If you need help with the Public File, call (713) 778-4745. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. 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. Depending on how you spend your funds, you may add new tax deductions that help lower your income tax liability. TikTok & Hispanic Heritage Foundation. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Amanda Cochran, Digital Special Projects Manager. liftfund requirements. #nf-form-28-cont .nf-form-title h3 { 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. Your password must be at least 7 characters long. Will the application process accommodate business owners facing technological or language barriers? Assistant Director Senior Programs. P.O. Policy News - March 2, 2023. SSBCI was established in 2010 and then recently . KKR Small Business Builders. 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. Location The application review period will start on October 5, 2021 and continue through January 9, 2022. Then, gather and review your financials and credit history. Prepare and GatherKnow your business goals and needs. 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? By applying, we can find the right product to help you meet your business and financial needs. 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. There are also some exceptions. Advantages of the Micro and Small Business Loans Program. Applications will be assessed and scored using the following methodology. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. font-size:12px; 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. Austin, TX 78711-2277 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. We can help. We believe you deserve a path to success and were here to close the small business finance gap thousands of small businesses face daily. We are proud to partner with local community organizations collaborating as partners. 1368 75 1 EUWJB-75 75 DIY 1 EUWJB-75 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. 1054 Grant Harris Rd. Click here to view a pdf copy of the application. Tax-exempt businesses, hobby businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. To qualify, applicants must show that they were negatively affected by the COVID pandemic. Then, apply and submit all of your documents. 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. More information about the partner organizations 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. If selected, do I have to pay the grant back? ARHP a pplications are available to all interested and eligible applicants (as outlined in the application) from September 28, 2022, to November 3, 2022 or until available program funding is fully allocated. The Texas nonprofit LiftFund will administer the distribution of funds to applying organizations based on a transparent scoring system that will prioritize businesses and business owners in vulnerable areas as well as minority- and women-owned businesses. LiftFund founder, Janie Barrera, is a staunch advocate for small businesses in the area and nationally. 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.

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