liftfund harris county grant

920 Grant Harris Rd. 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 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. <>/Metadata 194 0 R/ViewerPreferences 195 0 R>> Why Houston? Register here. We can help. 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. TikTok & Hispanic Heritage Foundation. If selected, do I have to pay the grant back? } We expect around 2,000 micro and small businesses to be assisted. If you file an 1120, use Line 1a. Is this program different from the City of Houston's grant program? Comcast RISE. Applicants selected to receive a grant will receive an award agreement through Docusign. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. Grant applicants are only eligible to receive one . Yes, as long as your business is registered with a DBA and you filed a ScheduleCin 2019 and 2020 for your business. LiftFund tiene races profundas en el condado Harris y es un defensor de nuestra comunidad. Since I dont have a 2019 business tax return, what documents do I need to submit to prove negative impact? Somewhat Unlikely . Yes, the Harris County Small Business Relief program is designed to support micro and small businesses impacted by COVID-19. If I applied for a Harris County COVID-19 grant last year, do I have to re-apply? LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. Were a local nonprofit organization that makes capital more accessible to help small business owners create wealth for themselves, their families, and their communities. LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses. Applications will be assessed and scored using the following methodology. 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 . How will you verify my physical business address? LiftFund founder, Janie Barrera, is a staunch advocate for small businesses in the area and nationally. Don't forget to end the meal with bananas foster or godiva chocolate cake." Applications must be done online. You can view the list of prohibited NAICS codes here. You can view the list of prohibited NAICS codes here. 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. 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. /* FIELDS STYLES */ Harris County Commissioners and LiftFund have seen firsthand the alarming impact that the If your business was registered and began operating in January March 2020, you do not need to provide a 2019 tax return. 766 Grant Harris Rd. We're here to support determined entrepreneurs like you with loans, tools and resources to grow your business. The Harris County Small Business Relief Fund will provide grants ranging from $5,000 to $25,000 to eligible micro and small businesses. 2 0 obj 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 SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. 996 Grant Harris Rd. You can also attend one of our free upcoming seminars www.liftfund.com/events. Fort Bend Small Business Grant. LiftFund provides small business loans for women & minority entrepreneurs and startups in Houston, Texas. | Fort Bend Economic Development Council. P.O. $30 million fund is a continuation of Harris County's financial support to small businesses reeling from these setbacks. However, businesses and/or projects considered special purpose require an additional 10% from the owner. Below you will find more details about this program, including eligibility, funding methodology and timeframe. View all San Marcos Property Records by Street. 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. 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. Bexar County approved funding for the program earlier this year after collaborating with LiftFund and the San Antonio Hispanic Chamber of Commerce (SAHCC). Harris County Commissioners and LiftFund have seen firsthand the alarming impact that . 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. %PDF-1.7 Advantages of the SBA 7(a) Community Advantage Loans Program. As a sole proprietor, do I submit my full 1040 personal tax return or just my Schedule C? My business was registered and began operating in January March 2020. Be prepared to share this information during the application process. 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. 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. How Small business loans in Houston, TX up to. 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. If I am the only employee of my business, do I need to submit a payroll report or other proof? If I am not eligible for this grant, are there any other resources for me? Business and financial training. Our goal is to make sure we provide capital that meets goals and budget. endobj No, your business must be physically located in the county. 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. 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. The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. The application window for Harris County's new $30 million Small Business Relief Fund opened Sept. 20 and will close Oct. 4 at 5:30 p.m. According to LiftFund, a website with full details on eligibility requirements, necessary documents, and the program timeline will be available in late December. Click here to view a pdf copy of the application. Were a social enterprise that finds solutions to level the financial playing field for entrepreneurs who are often left out of financial mainstream. As an entrepreneur with limited business education, Valorie lacked the traditional business acumen of many of her competitors. 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. Grants will be awarded in three months beginning in November and continuing through January, 2022. Create secure account. 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%. 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." 11 Aug 2021. The grant funds will be awarded monthly beginning in November 2021 and through January 2022. You may still submit the home utility bill. For some, entrepreneurship is the only source of income, and a pathway out of poverty. 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. 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. How LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. Corpus Christi, Texas Area. Funds from the $30 million fund will be distributed by LiftFund. Get resources to help you manage COVID-19 in your workplace. annual revenue of less than $500,000 in 2019 and 2020. Register Email For more information about LiftFund, visit, LiftFund has deep roots in Harris County and is a champion for our small business community. For more information about LiftFund, visit www.LiftFund.com. On August 10, Harris County approved the $30 million relief fund to support small and micro businesses recovering from the effects of the pandemic. Advantages of the Micro and Small Business Loans Program. 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. Plus, Carmen Contreras, Ashlee Young, DJ Mr. Rogers, Kiotti Brown and huge artists like Rihanna, Drake, Migos, Bryson Tiller, Beyonce and Future. As a Certified Development Company (CDC), LiftFund administers the SBA's 504 loan program in Texas. } Please submit your grant questions using the form below and we'll reach out to you within 2 business days. Thank you. 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. Harris County will distribute another $30 million in federal COVID-19 relief aid to help small businesses weather the pandemic. Tax-exempt businesses, hobby businesses, gambling businesses, residential builders, speculative real estate investors, government entities and sexually-oriented businesses are not eligible. Applications will be accepted from Monday. 4 0 obj We provide small business loans to underserved business owners, especially minority and women entrepreneurs, throughout the Southeast USA. info@tvc.texas.gov. Upon completion of the award agreement, funds will be deposited into your account within 7 business days. Funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs. LiftFund is nonprofit community development financial institution with a 27-year track record of elevating underestimated and underserved communities across its 15-state footprint. font-size:12pt; It is based on gross revenue. Startup loans. 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. 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. 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.

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