Mar 11, 2022 - Support Worker. The grant program is an initiative of the COVID-19 Community Recovery and Resiliency Plan. Yes, but: The times do not include . The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission. We recognize that not all metrics and beacons equally predict a charitys success. Applicants without a business tax return for 2019 and 2020 are not eligible. LiftFund is also offering five webinars to provide the community an overview of the grants program and application process. 1. Total Revenue and Expenses - Data Available, IRS Published Data (Business Master File) - Data Available, Data Sources (IRS Forms 990) - Data Available, How to Donate Food and Prevent Food Waste. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. LiftFund is not new to understanding the needs of small businesses in the wake of a disaster. LiftFund will administer the grants, and all completed applications will be reviewed for basic eligibility. The grants team will reach out to applicants by phone or email if additional documents or clarification is needed. These organizations also supply givers with greater confidence by maintaining broad public support for their programs. A list of our partner agencies and their contact information can be found, Yes. loading and try your donation again. The Bexar County Small Business Assistance program will provide grants to micro and small business owners who have been impacted by the pandemic. Below you will find more details about this program, including eligibility, documents required, scoring methodology and timeline. A list of our partner agencies and their contact information can be found here. First Draw PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: Second Draw PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used on eligible expenses. We will be hosting virtual info sessions to provide an overview of this grant program. The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). Customer Reviews are not used in the calculation of BBB Rating, Need to file a complaint? LiftFund has earned a 93% for the Accountability & Finance beacon. Applicants who are not selected for funding will receive a notification email by January 31st, 2022. Grants will be awarded in August. Applicants may schedule a virtual or phone appointment with LiftFund staff to request help in submitting their application. Businesses must not have any outstanding tax liabilities. Lendio will confirm and validate your business and financial information. Eligible applicants with the highest scores based on the methodology above will be notified earlier within that time frame, followed by lower scoring applicants. 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. No, gross sales in both 2020 and 2021 must be less than 2019 gross sales. You will be asked to submit a current business utility bill as part of the application. How can I prove my address? ), Paper surveys, Case management notes, Community meetings or town halls, Constituent (client or resident, etc.) I have not yet filed my 2020 tax return. Join our movement in leveling the financial playing field and breaking the cycle of poverty through entrepreneurship. 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. Do Not Sell My Personal Information . This ratio is an indicator of an organizations solvency and or long term sustainability. Current CEO and Board Chair can be found in the Leadership & Adaptability report below. LiftFund reported its two largest programs on its FY 2020 Form 990 as: LiftFund has earned a 99% for the Culture & Community beacon. See the metrics below for more information. Home based businesses may provide a home utility bill. 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. Eligible applicants with the highest scores based on the methodology above will be notified earlier within the award notification time frame, followed by lower scoring applicants. Simply enter the organization's name (LiftFund) or EIN (742712770) in the 'Search Term' field. . For more information about LiftFund, visit, LiftFund has deep roots in Harris County and is a champion for our small business community. Determines how long a charity could sustain its level of spending using its net available assets, or working capital, as reported on its most recently filed Form 990. Once I submit my application, can I confirm LiftFund received it? 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. The grant application will require verification of pertinent documentation. Electronic surveys (by email, tablet, etc. Do not pay a third party who is not on the list for application assistance. I asked on several occasions for my application to be reprocessed for the correct application to no avail. We review compensation data across the organization (and by staff levels) to identify disparities by race. If additional documents are requested, applicants will have 5 business days to submit. If I received a PPP or EIDL loan can my business still qualify for the program? If you need assistance, please send us an email to card@liftfund.comor call us at (888) 215-2373. 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. You can submit a copy of your business lease agreement. 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's mission 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 micro lending industry. 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? LiftFund Approved to post Kiva loans from: United States Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner. LiftFund has deep roots in Harris County and is a champion for our small business community. How do I know if I qualify for the $10,000 construction impact supplement? If 2021 business return has not been filed, other documents, such as a profit and loss statement may be requested. 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. Applications will be accepted from Monday. I dont receive a business utility bill. (More) Rating Information Great This charity's score is 94%, earning it a Four-Star rating. I use a PO Box on my business registration and/or my tax return. As a sole proprietor, I am not required by the county or state to file a DBA. (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): Business mortgage interest payments: Copy of lender amortization schedule and receipts verifying payments, or lender account statements, Business rent or lease payments: Copy of current lease agreement and receipts or cancelled checks verifying eligible payments, Business utility payments: Copies of invoices and receipts, cancelled checks or account statements, Covered operations expenditures: Copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments, Covered property damage costs: Copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments, and verification that costs were related to uninsured property damage due to public disturbance vandalism or looting that occurred in 2020, Covered supplier costs: Copy of contracts, orders or purchase orders in effect at any time before the Covered Period (except for perishable goods), and copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments, Covered worker protection expenditures: Copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments, and verification that expenditures were used to comply with COVID-19 guidance, Complete your loan forgiveness application, sign attestations and completed application, and submit it to, Guidance on the Employee Retention Credit under Section 2301 of the Coronavirus Aid, Relief, and Economic Security Act(PDF), Guidance on the Employee Retention Credit under the CARES Act for the First and Second Calendar Quarters of 2021(PDF). Operational is defined as a positive amount of gross receipts or sales on the 2019 tax return (Line 1 of Schedule C or Line 1a of 1120, 1120S or 1065), Be currently in operation and not have filed for bankruptcy at time of application, Be located within San Antonio city limits and remain for one year from date of grant award. Log in Email. In the wake of the ongoing pandemic, LiftFund continues to utilize small business feedback to adjust programming and service delivery as needed and to ensure we effectively meet client needs. Need Assistance with CPS or SAWS Payment Options? Were familiar with the loan terms and application process and small businesses and can provide support. We're here to support determined entrepreneurs like you with loans, tools and resources to grow your business. Dividing a charity's total liabilities by its total assets yields this percentage. IRS Non Profit Status Letter. For in-person application assistance, please contact one of the 7 community navigators to schedule an appointment. Click here to see if your business is located in an impacted area. This delivery of programs was achieved through several different methods of COVID-19 relief such as: Grant Amounts: Self Employed businesses up to $10,000 . More information about the partner organizations can be found, You will receive a confirmation email from. Grant eligibility criteria includes: Grant applicant must be authorized representative of business or non-profit . 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. On account of Ambedkar Jayanti, all PSKs/POPSKs will remain closed on 14th April 2023. Women Founders Network (Women-owned businesses, next round in 2023), National Black MBA Association (Black owned businesses, next round in 2023), Halstead Grant (Female entrepreneurs in jewelry industry, next round 2023), IdeaCafe Grant (Preference for women, next round 2023), EBay Up and Running (Business owners who sell on Ebay, next round 2023), Visa MENA Shes Next Grant Program (Female, Middle Eastern, North African business owners, next round 2023), Tandy Leather Together Foundation (Businesses in the leather industry who are Tandy Leather customers). See the metrics below for more information. The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s). Gross sales are based on Line 1 of Schedule C or Line 1a of 1120, 1120S or 1065. Second Draw PPP Loans can be used to help fund payroll costs, including benefits. For in-person application assistance, please contact one of the community navigators to. See the metrics below for more information. If selected, do I have to pay the grant back? Vice President, Region (North) at LiftFund . We analyze disaggregated data and root causes of race disparities that impact the organization/'s programs, portfolios, and the populations served. 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. advisory committees. As a sole proprietor, do I submit my full 1040 personal tax return or just my Schedule C? Please check with the charity directly for any questions you may have. Dividing these net available assets in the most recent year by a charity's average total expenses, yields the working capital ratio. This compensation data includes salary, cash bonuses and expense accounts and is displayed exactly how it is reported to the IRS. An additional $10,000 construction impact supplement is available for those who qualify. If I am not eligible for this grant, are there any other resources for me? Tuesday, January 3 at 10:00 AM through Friday, January 20 at 5:00 PM Central Standard Time. You're faster than our page! I am reaching out to you for assistance as my business is in need of funding. The processing time for routine applications is taking from 10 to 13 weeks up from six to nine weeks for those who applied before Feb. 6, the State Department said. The Form must also be accompanied by the 990N attestation form.

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