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BBB Business Profiles generally cover a three-year reporting period. The organization reported that it is implementing 10 Equity Practices. County Judge Lina Hidalgo this week announced plans for a $30 million relief fund aimed at supporting micro and small businesses. Please check spam and trash in case it was blocked. Carlos Gutierrez - SBA 504 Loan Specialist - LiftFund | ZoomInfo Tuesday, January 3 at 10:00 AM through Friday, January 20 at 5:00 PM Central Standard Time. You can contact the LiftFund Grants Team at 800-923-9551. here are 7 community partners who have been vetted and trained to assist business owners to submit the application free of charge. Registration is also available online. Goal One: LiftFund continues to listen to clients when creating and designing technical assistance programs and lending products sensitive the current needs of the small business communities we serve. You can submit a copy of your business lease agreement. No, gross sales in both 2020 and 2021 must be less than 2019 gross sales. Learn more about becoming a LiftFund partner. Click on apply located on top of this page. SBA has up to 90 days to review and approve the forgiveness request. Goal Type: Invest in the capacity of our organization (financial, management, technical, etc.). Nursing Training Forms 2023/2024; How To Apply - Raph Sark LiftFund reported its two largest programs on its FY 2020 Form 990 as: LiftFund has earned a 99% for the Culture & Community beacon. Use the Application Insights query in the Azure Storage Messaging section to filter on that queue name as the Partition ID and look for any problems related to that control queue partition. LiftFund has 60 days to review and submit your PPP forgiveness application to SBA. Can I still apply? Applications with the highest scores will be reviewed and approved first. 2. I have not yet filed my 2020 tax return. These grants will provide relief to those struggling financially to help our economy recover and emerge stronger than before. If this organization aligns with your passions and values, you can give with confidence. CDFIs are working in neighborhoods across the United States to provide affordable, responsible credit, create and sustain jobs, and to stabilize communities. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. We calculate the charity's average expenses over its three most recent fiscal years. I use a PO Box on my business registration and/or my tax return. We believe entrepreneurship is a path to financial and family well being and we create products and resources that close the small business finance gap thousands of small businesses face daily. Partners include bankers, small business owners, referral partners and expert consultants, and more. The webinars will be offered in English and Spanish. If additional documents are requested, applicants will have 5 business days to submit. We will also continue to offer flexible consultation sessions with our Business Advisors on matters ranging from finance, sales, e-commerce, and other topics that will help small businesses successfully adapt to and thrive in a post-pandemic business environment. Applicants without a business tax return for 2019 and 2020 are not eligible. At least 60% of the proceeds are spent on payroll costs. Collateral and Personal Guarantee are not required. 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 are eligible to receive only one grant award, Only one grant may be awarded per business with more than one location, Limited to one grant per physical address within City of San Antonio. We calculate the charity's average expenses and average contributions over its three most recent fiscal years. If my gross sales in 2020 were less than 2019 but gross sales in 2021 were greater than 2019- or vice versa- am I eligible? Heres what we know about this next round of PPP: Well be providing further updates as we have them in the next couple of weeks including the launch of the new PPP round. If you are seeking more than our maximum amount visit the SBA link . Not be in the following categories: non-profits, gambling/gaming businesses, sexually oriented businesses; payday lenders, or real estate investment. More info. Liftfund Dallas | Better Business Bureau Profile An additional $10,000 construction impact supplement is available for those who qualify. 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. Though she hopes to collaborate with other cities in the future, Rodriguez says LiftFund can still help . Our leadership team and regional directors have been speakers and panelists in conferences across the states and our President and CEO was appointed to the Advisory Council on Financial Capacity by President Obama. How can I prove my address? Privacy policies are assigned to one of the following categories: Yes: This charity has a written donor privacy policy published on its website, which states unambiguously that (1) it will not share or sell a donor's personal information with anyone else, nor send donor mailings on behalf of other organizations or (2) it will only share or sell personal information once the donor has given the charity specific permission to do so. The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). Since I dont have a 2019 business tax return, what documents do I need to submit to prove negative impact? As an organization on the front lines of economic response, LiftFund plays an integral role in elevating a broad range of diverse small business owners, including those with little startup wealth and lack of access to commercial credit. The privacy policy must be specific to donor information. We disaggregate data by demographics, including race, in every policy and program measured. As do organizations in other sectors, charities must be mindful of their management of total liabilites in relation to their total assets. Read the IRS policies for compensation reporting, Learn more about the BMF on the IRS website, Click here to search for this organization's Forms 990 on the IRS website. You can submit a copy of your business lease agreement. Yes. Thank you for your cooperation. Goal Type: Grow, expand, scale or increase access to the existing programs and services. Borrowers are required to save the supporting information for four years. Learn more about the BMF on the IRS website, Described in section 509(a)(2) of the Code (BMF activity code: 995), Loans or grants for minority businesses (BMF activity code: 405), Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15), Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). Business located in areas affected by these construction projects may be eligible for an additional $10,000. I used to have more employees in 2019 and/or 2020. During this process, some clients are hesitant or lack confidence in the loan application process and need additional reassurances before committing to take part in LiftFund programs. If the problem persists contact us. The program, funded by the City of San Antonio and administered by LiftFund, has dedicated $17,000,000 Million in funding to support for-profit small businesses with grants up to $35,000. San Antonio City Council approved the plan last month, followed by a review and approval of the implementation strategy by the Economic and Workforce Development Committee. You can submit a copy of your business lease agreement. SBA PPP Loan Forgiveness & Application Support | LiftFund How do I know if I qualify for the $10,000 construction impact supplement? For example, client feedback consistently drives our efforts and decisions to develop creative lending solutions, responsive technical assistance, and new programs and loan products that address unique client challenges and barriers. They should be prepared by an independent accountant with oversight from an audit committee. We believe you deserve a path to success and were here to close the small business finance gap thousands of small businesses face daily. You have to wear a lot of hats and it can be fast-paced. BBB Business Profiles may not be reproduced for sales or promotional purposes. LiftFund's goal is to provide loans and other financial services for capital-starved small businesses and entrepreneurs who are locked out of the traditional financial system. LiftFund reported being impacted by COVID-19 in the following ways: How COVID-19 impacted the organization's operations financially: There are a wide range of strategies that LiftFund utilized in the wake of COVID-19 to ensure that operations were not impacted financially. 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. Goal Two: LiftFund developed several new programs that were extremely successful and offered virtually. No, you may only submit one application for one business. LiftFund is nonprofit community development financial institution with a 27-year track record of elevating underestimated and underserved communities across its 15-state footprint. We ask team members to identify racial disparities in their programs and/or portfolios. If 2021 business return has not been filed, other documents, such as a profit and loss statement may be requested. We expect around 2,000 micro and small businesses to be assisted. We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions. The City of San Antonio is available to assist with information and referrals to additional programs that can help your business. For more information about LiftFund, visit, LiftFund has deep roots in Harris County and is a champion for our small business community. My business was registered and began operating in January March 2020. Yes, as long as your business is registered with a DBA and you filed a ScheduleCin 2019 and 2020 for your business. 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. In response to these concerns, LiftFund recently revised the job titles of our Lending Assistants to Lending Consultants, a descriptor that has garnered greater trust and confidence from our clients and more fully conveys to them the expertise of our lending team.