LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. It is based on gross revenue. 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. 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. By joining our movement, you say yes to financial inclusion and opportunity for all. There are also some exceptions. Ebony Harris has a special way with children its a gift. LiftFund, a nonprofit community development financial institution with a presence in Houston, is expanding its financial . 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. Businesses must not have any outstanding tax liabilities. You need capital that can support you a loan that can help you grow your business so you can prove your success and qualify for a bank loan. The $20 million fund will create two different programs, one $10 million program for small businesses and a separate $10 million program for nonprofits. liftfund requirements. 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. 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. Amanda Cochran is an Edward R. Murrow award-winning journalist. LiftFund provides small business loans for women & minority entrepreneurs and startups in Houston, Texas. Business Development Officer, VP - Dallas (Large Loans) Category. Assistant Director Senior Programs. Prepare and GatherKnow your business goals and needs. Government grant funds used for paying certain utilities or the mortgage for your business may also be non-taxable. Get the latest COVID-19 guidance and information via our resources page. Were LiftFund. Find San Marcos, TX residential property records including property owners, sales & transfer history, deeds & titles, property taxes, valuations . Please refer to the Scope of Work for additional information. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. We will be hosting virtual info sessions to provide an overview of this grant program. The application period opens Monday, July 13, 2020 and closes on Monday, July 27, 2020 with $24.7 million available. Is negative impact on operations due to the pandemic based on gross or net revenue? However, businesses and/or projects considered special purpose require an additional 10% from the owner. We provide small business loans to underserved business owners, especially minority and women entrepreneurs, throughout the Southeast USA. Sign up for our email newsletter to receive important updates regarding Texas veterans and TVC. Running a small business is a huge challenge, even during the good times, Hidalgo said in announcing the fund. Strona gwna / Uncategorized / liftfund requirements Were a social enterprise that finds solutions to level the financial playing field for entrepreneurs who are often left out of financial mainstream. No, number of employees will be calculated based on first quarter 2021. 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. Find small business grants or loans in Texas that help minorities and women owned businesses. Texas Border Businesss. However, businesses and/or projects considered special purpose require an additional 5% from the owner. 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. . They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. Comcast RISE. We cant do this work alone, thats where you can come in. 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. .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-label label { SOAR Fund - The Southern Opportunity And Resilience Fund. Thank you. 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. - Reporter, Houston Business Journal. 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. Learn more about our special funding options and apply today! Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. If my business opened after April 2020, can I apply? #nf-form-28-cont .nf-row { I dont receive a business utility bill. 1090 Grant Harris Rd. Nov 14 2022 .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-element li label { 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 and is being administered by LiftFund, a nonprofit organization that supports small business owners with funding and business education. The application review period will start on October 5, 2021 and continue through January 9, 2022. You can view the list of prohibited NAICS codes here. } 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. As a sole proprietor, I am not required by the county or state to file a DBA. The application process for the $30 million Harris County Small Business Relief Fund is now open. HOUSTON Harris County Judge Lina Hidalgo will announce the start of the Harris County Small Business Relief Fund Application period on Monday. 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. LiftFund supports hard-working small business owners access money and resources they need to grow their business. Business utility bill (water, gas, electric) Home based businesses may provide a home utility bill. Registered business operating in Harris County. If youve been unable to obtain small business financing through traditional means, LiftFund is here to help. Your DecisionWell assess your application and documents to make a decision. Were a local nonprofit organization that makes capital more accessible to help small business owners create wealth for themselves, their families, and their communities. Harris County Community Services Department (HCCSD) has released the Harris County Affordable Rental Housing Program (ARHP) Request for Applica tions /Proposals (RFA). https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. 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. Harris County to launch $30M small-business relief fund Sept. 20. Take the next step to learn about our membership. Business and financial training. 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. By applying, we can find the right product to help you meet your business and financial needs. Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. 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 . How to do I prove how many employees I have if I hire 1099 contractors? If I received a PPP or EIDL loan can my business still qualify for the program? 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. Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. For some, entrepreneurship is the only source of income, and a pathway out of poverty. By: Danica Lloyd - Community Impact. How many businesses will be assisted through this program? Don't forget to end the meal with bananas foster or godiva chocolate cake." Amanda Cochran, Digital Special Projects Manager. Full Bio. 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. . Houston, Texas Area. You can view the list of prohibited NAICS codes here. The $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. We expect around 2,000 micro and small businesses to be assisted. Register here. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. LiftFund COVID Grants Assistance Form. Please submit your grant questions using the form below and we'll reach out to you within 2 business days. The City of Houstons program, Harvey Economic Development Program (HEDP). 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. Here is the eligibility criteria, according to a news release from Hidalgos office: Copyright 2021 by KPRC Click2Houston - All rights reserved. The grant funds will be awarded monthly beginning in November 2021 and through January 2022. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Grants will range from $5,000 to $25,000. Applications with the highest scores will be reviewed and approved first. Through the program, small businesses and nonprofits can apply for $10,000 -$50,000 in direct relief grants. For more information about LiftFund, visit www.LiftFund.com. font-size:12pt; Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. 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, 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. Applications with the highest scores will be reviewed and approved first. For more information about LiftFund, visit, LiftFund has deep roots in Harris County and is a champion for our small business community. 11 Aug 2021. We believe you deserve a path to success and were here to close the small business finance gap thousands of small businesses face daily. 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. Apply Online:www.liftfund.com/tvcdigital, Texas Veterans Commission TikTok & Hispanic Heritage Foundation. My business is home based and all of my utilities are in someone elses name. Pricey, but great for a date. We want to thank Judge Wolff and the County Commissioners for bringing this program to life. Learn more about becoming a LiftFund supporter. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. Bexar County is requesting bids for the installation of Bullet Resistance Glass around the radius of the counter located in the Human Resources Department. 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. The Harris Small Business Relief Fund awards will not be made on a first-come, first-served basis. Youre ready to grow and strengthen your business with a loan. Applications will be assessed and scored using the following methodology. As a sole proprietor, do I submit my full 1040 personal tax return or just my Schedule C? LiftFund supports hard-working small business owners like you access money and resources you need to grow your business. Our clients are diverse, minority owned, women owned, veteran owned, and come from all walks of life. Depending on how you spend your funds, you may add new tax deductions that help lower your income tax liability. For more information about LiftFund, visit. Partner with LiftFund and connect your client to resources and capital so they begin a path to success. County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses. Somewhat Unlikely . The Barstool Fund. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. Please check spam and trash in case it was blocked. This is an effort to reach businesses that may have been underserved by previous relief programs. LiftFund founder, Janie Barrera, is a staunch advocate for small businesses in the area and nationally. No, you may only submit one application for one business. These local agencies will with the application process to help overcome technological or language barriers. Harris County will distribute another $30 million in federal COVID-19 relief aid to help small businesses weather the pandemic. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. Throughout the year, the SAHCC and LiftFund have combined efforts to urge the county to allocate ARPA funding for direct relief to small businesses. The message will come from a LiftFund email address. Know your business goals and needs. Harris County Small Business Relief Program Powered By: Welcome to the Harris County Small Business Relief program application portal. 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. | 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. Tax-exempt businesses, hobby businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. 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. Extremely Unlikely . Apply and SubmitReview the list of information you need to apply through LiftFund and make sure you have all necessary documentation. 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. GoFundMe.org : Small Business Relief Fund. 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. Both programs are set to start receiving applications in early January. As a Certified Development Company (CDC), LiftFund administers the SBAs 504 loan program in Texas. According to LiftFund, a website with full details on eligibility requirements, necessary documents, and the program timeline will be available in late December. 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. Can I apply? 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? 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. 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. Grant applicants are only eligible to receive one . Commissioners Court unanimously approved a plan to award up to 2,000 . Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. by Grace Rodriguez | Sep 7, 2021 | Front Page, Houston News, Latest News | 0 comments. Can a third party, such as a CPA, submit an application on behalf of a business owner? Search For Grant-Funded Services; Support Grant-Funded Services; Manage Current 2022-23 Funding. If I have more than one business, how is the annual revenue amount calculated? County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses.
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