If you file an 1120-S, use Line 1. 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. LiftFund and Lendio are trusted resources in micro and small business financing and bring community lending and online lending together for you to be successful in accessing PPP. I asked on several occasions for my application to be reprocessed for the correct application to no avail. By our estimates, that should cover less than 20% of all small businesses This is a first come, first serve process and were advising all of our clients to submit their pre-registration as quickly as possible. BBB Business Profiles are subject to change at any time. Click on apply located on top of this page. BBB reports on known marketplace practices. Employ fewer than 500 employees and meet the, Operating prior to January 1, 2020 with documented financials in 2019. 2-53 of the Citys Ethics Code, Not have applied for the ARPA 4 Arts program, Applicant must be authorized representative of business, Current Drivers license or government-issued photo ID, Proof of business registration with Bexar County or TX Secretary of State, 1st quarter 2022 Form 941, 1st quarter 2022 payroll report or 1st quarter 2022 check copies to verify number of employees. The City of San Antonio begins Cool Pavement Pilot Program, REMINDER: Changes to City Brush Drop-Off Center, Celebrate Fiesta Responsibly and Sustainably, Celebrate National Library Week with San Antonio Public Library. The City of San Antonio is available to assist with information and referrals to additional programs that can help your business. LiftFunds strategic approach for 28 years has focused on providing small businesses with access to affordable credit and capital while removing barriers for entrepreneurs who are women, low-income, and people of color. Limited to one per each physical address within the City of San Antonio; Only one grant will be awarded per business or non-profit with more than one location; Grant applicants are only eligible to receive one grant award. The first of three award rounds for the Harris County Small Business Relief program has started! An additional $10,000 construction impact supplement is available for those who qualify. Small Business Services - Houston Since 1994, LiftFund has provided over $409 million in opportunity funding and business education to small business owners and aspiring entrepreneurs. We are proud to partner with local community organizations collaborating as partners. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations. Payroll(provide documentation for all payroll periods that overlapped with the Covered Period): Non-payroll(for expenses that were incurred or paid during the Covered Period and showing that obligations or services existed prior to February 15, 2020 for the first three listed obligations/services): This list of documents required to be submitted to yourlender is not all-inclusive. For in-person application assistance, please contact one of the community navigators to schedule an appointment. Applicants will be able to save their progress during the application period. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Can I still apply? As a sole proprietor, I am not required by the county or state to file a DBA. As a result of these efforts, our team was proud to deliver $43.6 million in loans, $54.6 million in grants, 7,120 hours of business support, and host a total of 433 training and education events in 2020. https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. https://www.cclerk.hctx.net/PersonalRecords.aspx#ANInfo. Your lender is responsible for notifying you of the forgiveness amount paid by SBA and the date on which your first payment will be due, if applicable. Gross receipts does not include taxes collected. This organization's score of 98 is a passing score. Home based businesses may provide a home utility bill. Does Not Provide Loan(s) to or Receive Loan(s) From Related Parties, Audited Financial Statements Listed on Website. The combined experience and efforts of our leadership, investors, donors, banks and municipalities allowed LiftFund to develop products we know small businesses require if they are going to survive an unforeseen crisis that no one was prepared for. Passport Seva. At the time of application, I was eligible for the loan . You can view the list of prohibited NAICS codes here. (Less). Goal Three: With the proper tools, technology and expertise, LiftFund can reach more small businesses and continue to expand our footprint to additional states in need of our support and accessible capital. You will receive a confirmation email from noreply@bmisw.com. How can I prove my address? Port of Corpus Christi partners with LiftFund to offer Covid-19 relief Please enter your borrower ID and password. 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. This flexibility in operations was instrumental in supporting the quick disbursement of loans and grants to guide small businesses through the pandemic, a challenge we successfully met in response to a dramatic increase in need for capital. LiftFund is nonprofit community development financial institution with a 27-year track record of elevating underestimated and underserved communities across its 15-state footprint. How has asking for feedback from the people you serve changed your relationship with them or shifted power - over decisions, resources, rules or in other ways - to them? The Bexar County Small Business Assistance program will provide grants to micro and small business owners who have been impacted by the pandemic. You can submit a copy of your business lease agreement. Applicants who are not selected for funding will receive a notification email by January 31st, 2022. This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver. If we can answer any questions, please dont hesitate to reach out anytime toliftfundpppteam@liftfund.comor call800.920.0585. Donors can be reluctant to contribute to a charity when their name, address, or other basic information may become part of donor lists that are exchanged or sold, resulting in an influx of charitable solicitations from other organizations. We disaggregate data by demographics, including race, in every policy and program measured. 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. Currently operational is defined as having positive business sales related deposits on the most recent business bank statement. 2. SBA PPP Loan Forgiveness & Application Support | LiftFund As you begin the application process the SBA Form will populate for LiftFund to submit to SBA, so please complete the online application and upload the documents required in the program. Do not pay a third party who is not on the list for application assistance. Despite the unprecedented nature of the last two years, LiftFunds audit continues to show no excessive liabilities and we continue to focus on keeping our debt-to-income ratio balanced. With whom does your organization share the feedback you got from the people you serve? LiftFund is a non-profit organization that helps small businesses who have a hard time . Technical Assistance: LiftFunds business support team quickly shifted workshops, seminars, and training sessions to virtual platforms to allow small businesses to engage in services from anywhere. If I applied for a Harris County COVID-19 grant last year, do I have to re-apply? If you are a LiftFund PPP borrower seeking a second draw, please be ready with all your documents to submit through Lendio. The voices and perspectives of these underrepresented entrepreneurs are crucial to our work and the services we offer. We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders. 3/20/2023 1:33 AM. Can I apply? LiftFund will issue a 1099 in January 2024. Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization makes this information easily accessible. Collateral and Personal Guarantee are not required. LiftFund will administer the grants, and all completed applications will be reviewed for basic eligibility. We have long-term strategic plans and measurable goals for creating a culture such that ones race identity has no influence on how they fare within the organization. How LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. Here's what you will need as proof of income: W-2 forms. No: This charity either does not have a written donor privacy policy in place to protect their contributors' personal information, or the existing policy does not meet our criteria. Monday, July 13, 2020 - San Antonio At the time of application, I was eligible for the loan. Presented here are this organizations key compensated staff members as identified by our analysts. The City of Houstons program,Harvey Economic Development Program (HEDP), provides support to impacted small businesses and communities through small business loans and grants. Electronic surveys (by email, tablet, etc. Use the tool below to select different beacons to see how the weighting shifts when only one, two, or three beacons are earned. The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). We expect around 2,000 micro and small businesses to be assisted. No, number of employees will be calculated based on first quarter 2021. Passport application timeframe. Businesses can 28 Apr 2023 05:37:28 No, you may only submit one application for one business. We calculate the charity's average expenses and average contributions over its three most recent fiscal years. LiftFund | Complaints | Better Business Bureau Profile If I have more than one business, how is the annual revenue amount calculated? 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. To be eligible for this program, businesses must: Applications will not be considered on a first come, first served basis. You will need to submit your 2020 tax return. Additionally, please uploadoneof the two options below to the application: The amount you are eligible for is based on the number of full time equivalent (FTE) employees you have. You will be asked to submit a current business utility bill as part of the application. Isaac Elizondo is a Vice President, Region (North) at LiftFund based in San Antonio, Texas. If the charity does report a diversion, then we check to see if it complied with the Form 990 instructions by describing what happened and its corrective action. 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. We know you and your business need support during this time and we are preparing our Paycheck Protection Program that was launched by SBA through the CARES Act. Audited financial statements provide important information about financial accountability and accuracy. Status update April 1, 2016 Kiva has moved this Field Partner to inactive status. Businesses must not have any outstanding tax liabilities. My business is home based and all of my utilities are in someone elses name. We are proud to partner with local community organizations collaborating as partners. Be the first to find this review helpful. Nursing Training Forms 2023/2024; How To Apply - Raph Sark In this case, we deduct 15 points from the charity's Accountability and Transparency score. Eligible applications with the highest scores will be reviewed and awarded first, followed by applications with lower scores. These included increasing revenue earned from our loan portfolio through fees-for-service as well as the development of new loan products to attract new customers. I dont receive a business utility bill. This compensation data includes salary, cash bonuses and expense accounts and is displayed exactly how it is reported to the IRS. Visit our Partners page to view organizations that have been vetted and trained to assist business owners to submit the application free of charge. 2. Track Application Status | Passport Application Status Tracking Please check spam and trash in case it was blocked. If additional documents are requested, applicants will have 5 business days to submit. Durable Functions Troubleshooting Guide - Azure Functions what happened to buster edwards daughter. Previously, Isaac was an Insurance & Financial Serivce s Agent at Farmers Insurance and also held positions at Farmers Insurance, BBVA, JPMorgan Chase. The nonprofit organization presents evidence of strategic thinking through articulating the organization's mission. LiftFund reported its two largest programs on its FY 2020 Form 990 as: LiftFund has earned a 99% for the Culture & Community beacon. (BMF affiliation code: 3). How is your organization collecting feedback from the people you serve? Passport application delays could derail summer travel The program, funded by Bexar County and administered by LiftFund, has dedicated $10,000,000 Million in funding to support for-profit small businesses with grants up to $50,000. 2014 S HACKBERRY STSan Antonio TX 78210-3541, San AntonioTX | IRS ruling year: 1994 | EIN: 74-2712770, The Mission of LiftFund is to provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provid (More)The Mission of LiftFund is to provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation to the microlending industry. To be eligible for this program, businesses must: Grant funds will not be awarded on a first-come, first-served basis. We check the charity's Form 990 reporting to see if it meets this criteria. How can I prove my address? advisory committees. 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. This measure reflects what a charity spends to raise money. It will be open to those who received PPP loan money in the first rounds if they can demonstrate a 25% reduction in sales in any quarter of 2020 compared to the same quarter of 2019, The loan amount for most borrowers will be equal to 2.5x monthly payroll expenses, The loan amount for restaurants and hotels will be equal to 3.5x monthly payroll expenses, Loan forgiveness will be simplified for loans up to $150,000. Liftfund Dallas | Better Business Bureau Profile How do I know if I qualify for the $10,000 construction impact supplement? What challenges does your organization face in collecting feedback from the people you serve? The SBA provides 100% guarantee on the PPP loan. The grant funds will be awarded monthly beginning in November 2021 and through January 2022. Charities may submit their own pandemic responses through their nonprofit portal. 2019, 2020, 2021 business tax return. If I have questions, how do I contact LiftFund? A bilingual info. I have not yet filed my 2020 tax return. City of San Antonio Launches COVID-19 Recovery Grant Program for Small Maximum grant amount is based on reduction in gross sales between 2019 and 2021. 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. How can I prove my address? 115 Plaza De Armas Applications will be accepted from Monday. 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 existence of a privacy policy of any type does not prohibit the charity itself from contacting the donor for informational, educational, or solicitation purposes. IRS Non Profit Status Letter. How will you verify my physical business address? You can submit a copy of your business lease agreement. We cant do this work alone, thats where you can come in. Expedited processing, which costs $60 more, is taking seven to nine weeks, an increase from three to five weeks. The City of San Antonio Small Business COVID Impact Grants Program will provide financial support in the form of grants to micro and small business owners who continue to be impacted by the pandemic to strengthen the San Antonio small business community. This has not only boosted morale, but it has created a new energy within the departments who are all working together with a better understanding of the impact of each person on the mission of the organization as a whole. In addition to payroll, rent and utilities, funds can now also be spent on items such as PPE and to fix property damage due to public disturbances; with a Minimum 60% for payroll expenses. This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990. Selected recipients will be notified of approval and prompted to accept the grant via an emailed DocuSign form. LiftFund has made. This program will provide support and help alleviate any cost burdens to our small businesses and nonprofits as they reopen their doors safely and continue to navigate during this time. This Accountability & Finance score represents IRS Form 990 data up until FY 2020, which is the most recent Form 990 currently available to us. Where Kiva works | Kiva This project has allowed leadership and staff to better understand current roles and current needs with a goal of better aligning departments, strategies and developing rising stars within the organization. LiftFund can loan between $500 to $500,000 to businesses. The message will come from a LiftFund email address. 2nd draw PPP for businesses who received PPP the first-round. 2-53 of the Citys Ethics Code. Eligible businesses or nonprofits can apply for the grants by going to. Grant disbursements: April 7 May 15, 2023. Grant amount will not exceed 2019 gross sales. The program, funded by Bexar County and administered by LiftFund, has dedicated $10,000,000 Million in funding to support nonprofit organizations with grants up to $50,000. CEO Approval. No, revenue must be less than $500,000 in both 2019 and 2020. Lendio will confirm and validate your business and financial information. $30 Million Small Business Recovery Grant Program Grant applicant must be authorized representative of business or non-profit organization; Businesses and nonprofits with twenty (20) employees or less including full-time, part-time or contract employees; Annual gross business revenue or nonprofit organizations board approved budget less than $2 million; Located within San Antonio city limits and must be willing to remain within boundaries for at least one calendar year from the date of grant award; Business and non-profits must not be in the process of filing for bankruptcy; Demonstrate a loss of at least 15% of revenue for the period beginning March 1, 2020 due to negative impact related to the COVID-19 pandemic; Business or nonprofit must be established prior to August 1, 2019; Businesses or nonprofits that received a grant through the Bexar County LiftFund Program are not eligible for grant consideration; The following type of businesses are not eligible for consideration: professional services, such as certified public accountant, architect, landscape architect, land surveyor, physician, optometrist, engineer, real estate appraiser, attorney, interior design, veterinarian; gambling/gaming businesses; national franchises; sexually-oriented businesses; payday & auto loan providers; liquor stores and businesses in which a City employee or officer has a financial interest, as defined in Sec. How COVID-19 impacted the organization's delivery of programs: In response to the pandemic, LiftFunds programs quickly shifted to focus on resiliency and recovery strategies for issues such as supply chain and distribution, remote customer service, and specialized support for business industries hit the hardest. The Bexar County Nonprofit Assistance program will provide grants to nonprofit organizations that have been impacted by the pandemic. The Form 990 is a document that nonprofit organizations file with the IRS annually. CORPUS CHRISTI, TEXAS - (May 15, 2020) - The Port of Corpus Christi has allocated a $200,000 grant to LiftFund, a nonprofit community lender, to provide COVID-19 relief loans to eligible small businesses in Nueces and San Patricio counties.. As the entire organization moved to working from home, LiftFund IT Department had to work overtime to ensure all staff had the necessary equipment and tools to continue accessing work product and communicating with each other. We're here to support determined entrepreneurs like you with loans, tools and resources to grow your business. However, we encourage you to start your PPP forgiveness process as soon as you are eligible to apply. LiftFund has deep roots in Harris County and is a champion for our small business community. Please find complete Loan Forgiveness Requirements and Loan Review Procedures as Amended by the Economic Aid Act Here, 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, The LiftFund partnership with Lendio to process PPP loan forgiveness applications ended on January 31, Employee and compensation levels are maintained, The loan proceeds are spent on payroll costs and other eligible expenses; and, At least 60%of the proceeds are spent on payroll costs, Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan, SBA PPP Loan forgiveness Application Form 3508, SBA PPP Loan Forgiveness Application Form 3508EZ, SBA PPP Loan Forgiveness Application Form 3508S. We are proud to partner with the City of San Antonio to provide relief grants to small businesses in our community and support them on their journey to recovery. session will be hosted on Wednesday, March 16 at 3:00 P.M. Business owners will learn more about the program and have an opportunity to ask questions. As a sole proprietor, I am not required by the county or state to file a DBA. Can I still apply? No, gross sales in both 2020 and 2021 must be less than 2019 gross sales. At least 60% of the proceeds are spent on payroll costs. This charity's score is 94%, earning it a Four-Star rating. 2021 gross sales must be at least 20% lower in 2021 than in 2019. Tuesday, January 3 at 10:00 AM through Friday, January 20 at 5:00 PM Central Standard Time. to try again. Home - COSA COVID Grants Carlos Gutierrez is a SBA 504 Loan Specialist at LiftFund based in San Antonio, Texas. LiftFund has earned a 100% for the Leadership & Adaptability beacon. Second Draw PPP Loans can be used to help fund payroll costs, including benefits. This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies. You have to wear a lot of hats and it can be fast-paced. No, your business must be physically located in the city. The application period opens Monday, July 13, 2020 and closes on Monday, July 27, 2020 with $24.7 million available. Some problems may be caused by known Durable Functions anti-patterns. Previously, Carlos was a Director at ACCION Texas. Dividing these net available assets in the most recent year by a charity's average total expenses, yields the working capital ratio. All recipients will be required to complete follow-up surveys in June 2023, June 2024 and June 2025. Personal Documents for primary owners/agent: SBA Form 2483-SD Paycheck Protection program Second Draw Borrower Application Form; Entity, Personal and Payroll documents used in 1st Draw Loan. Our lenders funded $25 million in PPP loans in the first rounds Almost all of them to clients without an existing lending relationship. Charity Navigator looks to confirm on the Form 990 that the organization has these governance practices in place. Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them, and doing this pauses our revision of their rating.
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