Comcast RISE. Applications will be accepted from Monday. 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. Is negative impact on operations due to the pandemic based on gross or net revenue? 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 . www.LiftFund.com; Application Review: June 22, 2020; Lottery: June 23, 2020; Awards: June 29, 2020-December . Why Houston? Register to connect with experts and members to discuss timely topics. Bexar County approved funding for the program earlier this year after collaborating with LiftFund and the San Antonio Hispanic Chamber of Commerce (SAHCC). 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 . However, businesses and/or projects considered special purpose require an additional 5% from the owner. We provide loan solutions that include SBA micro-loans, SBA 504 Loans and the SBA Community Advantage. 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. Pricey, but great for a date. You will receive a confirmation email from noreply@bmisw.com. 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. 1 0 obj 1070 Grant Harris Rd. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. 1368 75 1 EUWJB-75 75 DIY 1 EUWJB-75 Business and financial training. The application review period will start on October 5, 2021 and continue through January 9, 2022. We're here to support determined entrepreneurs like you with loans, tools and resources to grow your business. If I received Harris County assistance last year, am I eligible to apply for the grant? Win Your Trip to Our 2023 iHeartRadio Music Awards! The application process for the $30 million Harris County Small Business Relief Fund is now open. You can also attend one of our free upcoming seminars www.liftfund.com/events. Is this program different from the City of Houston's grant program? SBA 7a Community Advantage & 504 loans. 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. Yes, businesses are eligible to apply and the amount of previously received funding will be factored into calculation of grant score. } . We expect around 2,000 micro and small businesses to be assisted. Click the Apply Now button to the right to apply for a small business loan. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. Please check spam and trash in case it was blocked. 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? As long as the address on the utility bill matches the other documentation provided, that can serve as verification of business location. Please check spam and trash in case it was blocked. 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. To qualify for the Small Business Relief Fund, micro and small business applicants must: Be located within Harris County LiftFund, a nonprofit community development financial institution with a presence in Houston, is expanding its financial . Applications must be done online. No, number of employees will be calculated based on first quarter 2021. Is the $500,000 annual revenue limit based on gross or net revenue? annual revenue of less than $500,000 in 2019 and 2020. Like in many communities, the aftermath of the pandemic continues to be felt by Bexar County. Applications open today, September 20, 2021 with LiftFund to give women minority small business owners grants! #nf-form-28-cont .nf-row { The new $30 million relief fund is subsidized by the American Rescue . For more information about LiftFund, visit www.LiftFund.com. The grant program will disburse awards of between $5,000 . 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. As a Certified Development Company (CDC), LiftFund administers the SBAs 504 loan program in Texas. 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 . <>/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>> Were LiftFund. How many businesses will be assisted through this program? Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. 1054 Grant Harris Rd. For some, entrepreneurship is the only source of income, and a pathway out of poverty. Our clients are diverse, minority owned, women owned, veteran owned, and come from all walks of life. Policy News - March 2, 2023. Get the latest COVID-19 guidance and information via our resources page. By: Danica Lloyd - Community Impact. #nf-form-28-cont .nf-form-title h3 { The SBA created the Community Advantage program to reach underserved communities where business owners may struggle to obtain financing through traditional means. <>/Metadata 194 0 R/ViewerPreferences 195 0 R>> 3 0 obj 996 Grant Harris Rd. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. The personal sacrifices that small business owners make day in and day out for their community are huge and we owe it to them to support them as we make it through the COVID-19 crisis and the associated economic challenges.. 2 0 obj We will be hosting virtual info sessions to provide an overview of this grant program. 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. Youre ready to grow and strengthen your business with a loan. To qualify, applicants must show that they were negatively affected by the COVID pandemic. How Small business loans in Houston, TX up to. Government grant funds used for paying certain utilities or the mortgage for your business may also be non-taxable. Advantages of the Micro and Small Business Loans Program. Copyright 2023 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. HOUSTON, Texas (KIAH) Some business owners in Harris County can now apply for the new $30 million small business relief fund. 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. Applicants who are not selected for funding will receive a notification email by January 31st, 2022. Very Likely . Ebony Harris has a special way with children its a gift. Take the next step to learn about our membership. I have not yet filed my 2020 tax return. Tax-exempt businesses, hobby businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. % Register here. No, you may only submit one application for one business. Applicants selected to receive a grant will receive an award agreement through Docusign. Sign up for our email newsletter to receive important updates regarding Texas veterans and TVC. 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. 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. Will the application process accommodate business owners facing technological or language barriers? 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. info@tvc.texas.gov. 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. 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. 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. LiftFund COVID Grants Assistance Form. Corpus Christi, Texas Area. LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. We provide loans and resources to budding and established business owners. Both programs are set to start receiving applications in early January. Does LiftFund have experience serving the small business community? Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. Know your business goals and needs. 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. | 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. https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. Finding traditional business loans isnt easy. Throughout the year, the SAHCC and LiftFund have combined efforts to urge the county to allocate ARPA funding for direct relief to small businesses. LiftFund and other local community organizations will help applicants navigate the application process and overcome technological or language barriers. 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. More information about the partner organizations can be found here. The fund was approved to support small and micro businesses who have . Be prepared to share this information during the application process. Your DecisionWell assess your application and documents to make a decision. Running a small business is a huge challenge, even during the good times, Hidalgo said in announcing the fund. Amanda Cochran, Digital Special Projects Manager. They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. 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. The county has approved a $30 million relief fund to support small businesses recovering from the COVID-19 pandemic. The application review period will start on October 5, 2021 and continue through January 9, 2022. We are proud to partner with local community organizations collaborating as partners. #DJSupastar 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). . Do Not Sell or Share My Personal Information. Most projects require a 50-40-10 split. LiftFund will administer the grants, and all completed applications will be reviewed for basic eligibility. More about these services:www.liftfund.com . Application opens today for Free Grant Money for small business owners in Harris County! LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. 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 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. Services include Small Business Support. 1090 Grant Harris Rd. The nonprofit community development financial institution provides aid to small business owners across its 15-state footprint, the county said, including more than $6.1 million in funding for Harris County small business owners." Applicants will need to be businesses registered in Harris County with: Applications for the program will run for two weeks beginning Sept. 20. Be prepared to share this information during the application process. 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. %PDF-1.7 Many grants specifically for veterans are non-taxable. 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. Yes, we will calculate the number of full time equivalent (FTE) employees, including 1099 workers. Whether youre a startup or an established business owner, we know business loans are an important tool for your business. 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. More information about the partner organizations can be found, You will receive a confirmation email from. 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. Extremely Unlikely . 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. Nov 8, 2020. 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. By Chris Mathews. Grant Eligibility Criteria. Apply here. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. We are proud to partner with local community organizations collaborating as partners. County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses. To learn more about industry prioritization, click here. Funds from the $30 million fund will be distributed by LiftFund. East Harris County Empowerment Council (281) 712-2550 Spring Klein Chamber of Commerce (281) 257-9559. /* FORM STYLES */ P.O. How. She specializes in Texas features, consumer and business news and local crime coverage. Bexar County Small Business and Nonprofit Grants. 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. Here is the eligibility criteria, according to a news release from Hidalgos office: Copyright 2021 by KPRC Click2Houston - All rights reserved. Grant eligibility criteria includes: Grant applicant must be authorized representative of business or non-profit . 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. If I am the only employee of my business, do I need to submit a payroll report or other proof? 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. 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. $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. 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. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. 2010 - Jun 20122 years. If you file an 1120, use Line 1a. 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. The only thing standing between small business owners and success is often a lack of capital. There are also some exceptions. Latino, Hispanic, Black, veteran and disadvantaged businesses can get free grants or low cost loans. Don't forget to end the meal with bananas foster or godiva chocolate cake." The first of three award rounds for the Harris County Small Business Relief program has started! Mar 01 2023: Filed Mar 01 2023: HB 178 (88th Legislature (2023)) Relating to testing possible controlled substance evidence for fentanyl. 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. Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19.