by Grace Rodriguez | Sep 7, 2021 | Front Page, Houston News, Latest News | 0 comments. Why Houston? 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. This type of funding is essential for rebuilding the economy of Bexar County communities. - Reporter, Houston Business Journal. Learn more about becoming a LiftFund supporter. 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. LiftFund provides small business loans for women & minority entrepreneurs andstartups in Houston, Texas. You can view the list of prohibited NAICS codes here. Somewhat Unlikely . 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. Since I dont have a 2019 business tax return, what documents do I need to submit to prove negative impact? How LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. The $30 million grant program will disburse awards of between $5,000 and $25,000 to up to 2,000 Harris County businesses. 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. The application review period will start on October 5, 2021 and continue through January 9, 2022. We can help you get the funding you need, even if youve been turned down before. To qualify, applicants must show that they were negatively affected by the COVID pandemic. KKR Small Business Builders. These local agencies will with the application process to help overcome technological or language barriers. 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. By applying, we can find the right product to help you meet your business and financial needs. 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. Youre ready to grow and strengthen your business with a loan. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. If you file an 1120-S, use Line 1. To learn more, scroll down and/or attend one of LiftFunds upcoming Virtual Info Sessions: Tax-exempt businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. Applications will be accepted from Monday. Can I still apply? The application period opens Monday, July 13, 2020 and closes on Monday, July 27, 2020 with $24.7 million available. If I applied for a Harris County COVID-19 grant last year, do I have to re-apply? Learn more about becoming a LiftFund partner. Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. Ebony Harris has a special way with children its a gift. How many businesses will be assisted through this program? Grant applicants are only eligible to receive one . Registration Available Mon, May 17 2021 to Wed, Jun 30 2021. Extremely Unlikely . Harris County Commissioners and LiftFund have seen firsthand the alarming impact that the If I received a PPP or EIDL loan can my business still qualify for the program? Thank you. The grant program will disburse awards of between $5,000 . The message will come from a LiftFund email address. 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. 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 . .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-element li label { Search For Grant-Funded Services; Support Grant-Funded Services; Manage Current 2022-23 Funding. A website with additional information for applicants is slated to go live on Aug. 20, Hidalgo said. 11 Aug 2021. font-size:12pt; Please check spam and trash in case it was blocked. Below you will find more details about this program, including eligibility, funding methodology and timeframe. 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. For more information about LiftFund, visit www.LiftFund.com. . #nf-form-28-cont .nf-form-title h3 { Be prepared to share this information during the application process. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. LiftFund, a nonprofit community development financial institution with a presence in Houston, is expanding its financial . Click the Apply Now button to the right to apply for a small business loan. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. Businesses must not have any outstanding tax liabilities. /* FORM STYLES */ The City of Houstons program, Harvey Economic Development Program (HEDP). I dont receive a business utility bill. 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. https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. Apply now and a team member will review your information and documents to find a LiftFund product that fits your business goals and budget. Your password must be at least 7 characters long. /* FIELDS STYLES */ Ebony Harris has a special way with children its a gift. Depending on how you spend your funds, you may add new tax deductions that help lower your income tax liability. Harris County Commissioners and LiftFund have seen firsthand the alarming impact that . To learn more about industry prioritization, click here. Am I able to apply for this program and the City of Houston's Harvey Economic Development Program (HEDP)? Small business loans in Houston, TX up to $500,000. Then, gather and review your financials and credit history. We're here to support determined entrepreneurs like you with loans, tools and resources to grow your business. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. 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. 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. Throughout the year, the SAHCC and LiftFund have combined efforts to urge the county to allocate ARPA funding for direct relief to small businesses. 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%. Yes. Harris County Small Business Relief Program Powered By: Welcome to the Harris County Small Business Relief program application portal. 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. The business must be registered to be considered. May 2010 - Aug 20104 months. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. We believe you deserve a path to success and were here to close the small business finance gap thousands of small businesses face daily. 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. 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. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. 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. LiftFund is proud to serve the small businesses and nonprofits that are the heart of this county, says Ms. Barrera. Were a social enterprise that finds solutions to level the financial playing field for entrepreneurs who are often left out of financial mainstream. HOUSTON Harris County Judge Lina Hidalgo will announce the start of the Harris County Small Business Relief Fund Application period on Monday. If I received Harris County assistance last year, am I eligible to apply for 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. Grants will be awarded in three months beginning in November and continuing through January, 2022. Applications with the highest scores will be reviewed and approved first. Negative impact can be demonstrated by a decline in either gross or net revenue between 2019 and 2020. Can I apply? 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. 3 0 obj We are proud to partner with local community organizations collaborating as partners. Funds from the $30 million fund will be distributed by LiftFund. Since 2011, the LIFT Fund has served as a resource hub for people and organizations interested in learning more about innovative strategies and tactics that move the workers' rights movement forward. 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 . 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. How can I prove my address? Houston, Texas Area. 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. Additionally, please uploadoneof the two options below to the application: The amount you are eligible for is based on the number of full time equivalent (FTE) employees you have. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small . 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. Applications will be accepted from Monday. The grant application will require verification of pertinent documentation. Take the next step to learn about our membership. Additional funds were approved April 27, 2021 to provide financial assistance to the small business community. Don't forget to end the meal with bananas foster or godiva chocolate cake." 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. Houston's Harris County brought the most business owners to LiftFund by far, with 230 applications totaling more than $22 million in "pre-approved" loan amounts, which are based . "This place has amazing seafood, an extensive wine selection, and excellent service. Advantages of the Micro and Small Business Loans Program. .o]qWbW{~]yfg7%VYG.n0G:RMKl%W(~ $WuR#PVj$w%iB"q"-.~6(Oh5 }xZ(%N"Lzjn 1AG`". Register here. Like in many communities, the aftermath of the pandemic continues to be felt by Bexar County. Please refer to the Scope of Work for additional information. For more information about LiftFund, visit. Create a meaningful impact and drive change in Houston. Applications will have up to 150 points based on the following five elements, each with a maximum of 30 points. 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. 920 Grant Harris Rd. The Texas nonprofit LiftFund will administer the distribution of funds to applying organizations based on a transparent . Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. 2 0 obj Grant Eligibility Criteria. 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 . liftfund requirements. <>/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>> If you need help with the Public File, call (713) 778-4745. Dj, Philanthropist, & TV Reality Personality, Zelma T. Lee, is better known to fans as DJ Supastar. LiftFund is nonprofit community development financial institution with a 27-year track record of elevating underestimated and underserved communities across its 15-state footprint. 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. If you file a Schedule C, use Line 1. Many grants specifically for veterans are non-taxable. Join the LiftFund family as a client today. Please select services and we will contact you. Sign up for our email newsletter to receive important updates regarding Texas veterans and TVC. The Barstool Fund. Our goal is to make sure we provide capital that meets goals and budget. At LiftFund, your investments can transform lives and wed be happy to share how you can join our movement with a gift or an investment. We provide loans for: Whether you have limited credit, collateral or experience, our team will work with you to provide a loan that allows you to build your credit and improve your finances. Then, gather and review your financials and credit history. Somewhat Likely . But when other lenders are telling you no, LiftFund wants to say yes. } 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. For some, entrepreneurship is the only source of income, and a pathway out of poverty. The county has approved a $30 million relief fund to support small businesses recovering from the COVID-19 pandemic. It is based on gross revenue. LiftFund supports hard-working small business owners like you access money and resources you need to grow your business. All applicants will be notified of their application result by January 31, 2022. 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. Application opens today for Free Grant Money for small business owners in Harris County! More information about the partner organizations can be found, You will receive a confirmation email from. https://www.harriscountybusinessrelief.org/, Registered business operating in Harris County. 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. 820 Grant Harris Rd. All grants will be awarded by January 2022. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. Plus, Carmen Contreras, Ashlee Young, DJ Mr. Rogers, Kiotti Brown and huge artists like Rihanna, Drake, Migos, Bryson Tiller, Beyonce and Future. To learn more about industry prioritization, click here. endobj Fort Bend Small Business Grant. Most projects require a 50-40-10 split. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Assisted in routine inspections, surveys, and complaint investigations. Were a local nonprofit organization that makes capital more accessible to help small business owners create wealth for themselves, their families, and their communities. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. 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. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. As a sole proprietor, do I submit my full 1040 personal tax return or just my Schedule C? Texas Border Businesss. I use a PO Box on my business registration and/or my tax return. TikTok & Hispanic Heritage Foundation. I used to have more employees in 2019 and/or 2020. } Applications with the highest scores will be reviewed and approved first. Harris County will distribute another $30 million in federal COVID-19 relief aid to help small businesses weather the pandemic. SSBCI was established in 2010 and then recently . Policy News - March 2, 2023. The new $30 million relief fund is . By: Danica Lloyd - Community Impact. We want to thank Judge Wolff and the County Commissioners for bringing this program to life. We provide loans and resources to budding and established business owners. A list of our partner agencies and their contact information can be found, Yes.
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