If you file an 1120-S, use Line 1. 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. Somewhat Unlikely . Business utility bill (water, gas, electric) Home based businesses may provide a home utility bill. LiftFund founder, Janie Barrera, is a staunch advocate for small businesses in the area and nationally. Eligible applications with the highest scores will be reviewed and awarded first, followed by applications with lower scores. Running a small business is a huge challenge, even during the good times, Hidalgo said in announcing the fund. How small businesses in Harris County can apply for relief funds 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. 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. The business must be registered to be considered. Then, gather and review your financials and credit history. 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. 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 U.S. Department of the Treasury recently approved up to $339 million in funding for five states and territories under the State Small Business Credit Initiative (SSBCI). Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. Negative impact can be demonstrated by a decline in either gross or net revenue between 2019 and 2020. If my business opened after April 2020, can I apply? .nf-form-content .nf-field-container #nf-field-321-wrap .nf-field-element li label { Find small business grants or loans in Texas that help minorities and women owned businesses. Click here for more about theHarvey Economic Development Program (HEDP). Harris County Small Business Relief Fund now open for applications Grant applicants are only eligible to receive one . We can help. Bexar County Small Business and Nonprofit Grants. Depending on how you spend your funds, you may add new tax deductions that help lower your income tax liability. 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). LiftFund provides small business loans for women & minority entrepreneurs and startups in Houston, Texas. Take the next step to learn about our membership. 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. LiftFund and other local community organizations will help applicants navigate the application process and overcome technological or language barriers. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small . Notice: JavaScript is required for this content. Texas Border Businesss. Can those be counted? 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. %PDF-1.7 Business and financial training. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. How. Harris County Approves $30 Million COVID Relief Fund for Micro and Register Email No, number of employees will be calculated based on first quarter 2021. With little/poor credit or financial history, getting a loan seems impossible. If I am not eligible for this grant, are there any other resources for me? 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? Funds from the $30 million fund will be distributed by LiftFund. Harris County Small Business Relief Fund applications period - KPRC Are Business Grants Taxable? Everything You Need To Know LiftFund will administer the grants, and all completed applications will be reviewed for basic eligibility. You can also attend one of our free upcoming seminars www.liftfund.com/events. Application opens for $30 million Harris County Small Business Relief Fund 1368 75 1 EUWJB-75 75 DIY 1 EUWJB-75 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. 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. We can help you get the funding you need, even if youve been turned down before. 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. SOAR Fund - The Southern Opportunity And Resilience Fund. The fund was approved to support small and micro businesses who have . All grants will be awarded by January 2022. 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. Apply and SubmitReview the list of information you need to apply through LiftFund and make sure you have all necessary documentation. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. 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 . Applications will be assessed and scored using the following methodology. Whether youre a startup or an established business owner, we know business loans are an important tool for your business. Harris County approved a similar small business relief fund last year using federal funding from the CARES Act. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. 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.. If I have 2 businesses, can I submit an application for each? The Fort Bend County Commissioners Court has approved a small business emergency grant program to assist businesses impacted by Covid-19. Harris County requested the most PPP money from LiftFund We provide loans and resources to budding and established business owners; our clients are minority, women, veteran, and startup and established business owners. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. Is negative impact on operations due to the pandemic based on gross or net revenue? The $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. We know entrepreneurs, no matter their life story, are dedicated to improving their lives and their familys well being. Since the beginning of the pandemic in spring 2020, Harris County has provided micro and small businesses with $40 million in aid. LiftFund tiene races profundas en el condado Harris y es un defensor de nuestra comunidad. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. 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. The City of Houstons program, Harvey Economic Development Program (HEDP). endobj Click the Apply Now button to the right to apply for a small business loan. View all San Marcos Property Records by Street. If I have more than one business, how is the annual revenue amount calculated? Harris County Small Business Grants - GrantInfoClub.com Nov 14 2022 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. Get updates, toolkits and timely information about the virus and its economic impact. Instead, in 2015, set her sights on opening a childcare center, where she could educate, support, and influence kids. Yes. Can I still apply? These local agencies will with the application process to help overcome technological or language barriers. Yes, we will calculate the number of full time equivalent (FTE) employees, including 1099 workers. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. /* FIELDS STYLES */ font-size:12pt; Both programs are set to start receiving applications in early January. Harris County to launch $30M small-business relief fund Sept. 20. You will be asked to submit a current business utility bill as part of the application. 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. More about these services:www.liftfund.com . Commissioners Court unanimously approved a plan to award up to 2,000 . LiftFund Inc. - Small Business Support - Texas Veterans Commission 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 . 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 COVID Grants Assistance Form Please check spam and trash in case it was blocked. LiftFund is nonprofit community development financial institution with a 27-year track record of elevating underestimated and underserved communities across its 15-state footprint. Youre ready to grow and strengthen your business with a loan. Policy News - March 2, 2023 - Association for Enterprise Opportunity .o]qWbW{~]yfg7%VYG.n0G:RMKl%W(~ $WuR#PVj$w%iB"q"-.~6(Oh5 }xZ(%N"Lzjn 1AG`". Small business applicants will be given priority if located in suburban and unincorporated areas. Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates. Why Houston? Pricey, but great for a date. 766 Grant Harris Rd. County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses. 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. Funding Opportunities - Harris County, Texas APPLY NOW: Harris County`s Small Business Relief Fund Begins Today 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. 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. We are thrilled to provide access to insightful case studies and reports, as well as host events such as our Learning Days and funder . To learn more about industry prioritization, click here. The LIFT Fund LiftFund provides small business loans for women & minority entrepreneurs andstartups in Houston, Texas. She thought about pursuing a career as a pediatric nurse, but that didnt appeal to her entrepreneurial spirit. Robyn Harris, LiftFund robyn@gilbcomm.com, 281-649-9595 Martha Zurita, LiftFund mzurita@liftfund.com, 210-531-5518 Press Office, Harris County Judge press@cjo.hctx.net, 713-274-7050 Apply starting Sept. 20 for $30 million Harris County small business relief program, managed by LiftFund Eligible small and micro businesses may receive grants
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