Grant amount will not exceed 2019 gross sales. LiftFund collaborates with many other organizations to provide technical assistance, events and workshops bringing in experts to speak to and educate clients on specific topics or in regards to specific industries. 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. Charity Navigator - Rating for LiftFund By joining our movement, you say yes to financial inclusion and opportunity for all. We don't have any major challenges to collecting feedback. Complete your loan forgiveness application, sign attestations and completed application, and submit it to card@LiftFund.com with the required supporting documents and follow up with your lender to submit additional documentation as requested. Submit and print-out application summary. Below you will find more details about this program, including eligibility, documents required, scoring methodology and timeline. Paycheck Protection Program Interest Form - LiftFund LiftFund supports thousands of small businesses through microloans, small business loans, and resources with dignity and respect. LiftFund is also offering five webinars to provide the community an overview of the grants program and application process. This measure reflects what a charity spends to raise money. Passport application delays could derail summer travel The percentage each beacon contributes to the organizations overall rating depends on the number of beacons an organization has earned. 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. 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). Applicants without a business tax return for 2019 and 2020 are not eligible. here are 7 community partners who have been vetted and trained to assist business owners to submit the application free of charge. Be currently in operation. SA-based LiftFund looks to help small businesses obtain loans The privacy policy must be specific to donor information. We cant do this work alone, thats where you can come in. The fund will use money earmarked for Harris County recovery from the American Rescue Plan Act. Be the first to find this review helpful. The nonprofit organization presents evidence of strategic thinking through articulating the organization's mission. , provides support to impacted small businesses and communities through small business loans and grants. Yes. How can I prove my address? It is based on gross revenue. The City of Houstons program, Harvey Economic Development Program (HEDP). All recipients will be required to complete follow-up surveys in May 2024 and May 2025. Applications will be assessed and scored based on the five components below. A list of our partner agencies and their contact information can be found, Yes. The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). Quarterly: receipts for 2019 quarter and receipts for same quarter in 2020; For business not operating in 2019, receipts for first quarter of 2020 and receipts for third or fourth quarter for comparison; For applicants selecting annual comparison, provide 2019 tax returns and 2020 tax returns. If you reported income from your current business on your 2019 schedule C, you may file a DBA at this time and be considered. The application period opens Monday, July 13, 2020 and closes on Monday, July 27, 2020 with $24.7 million available. . This charity's score is 94%, earning it a Four-Star rating. If you're considering starting a business, LiftFund may be an excellent resource for you. The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). To be eligible for this program, businesses must: Applications will not be considered on a first come, first served basis. Pros. If you are a LiftFund PPP borrower seeking a second draw, please be ready with all your documents to submit through Lendio. 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. Check the guidance in Durable Functions Best Practice and Diagnostic Tools. This organization reported that it is collecting feedback from the constituents and/or communities it serves. I had applied for the S.O.A.R loan through Liftfund with application number XXXXXXXXXX in October 2021. Goal Two: LiftFund developed several new programs that were extremely successful and offered virtually. 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. how do i check my hdb tenant status; what happened to buster edwards daughter. 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. There are three different PPP forgiveness applications: The 3508EZ and the 3508S are shortened versions of the application for borrowers who meet specific requirements. $30 Million Small Business Recovery Grant Program In the end, LiftFund successfully deployed a total of $98.2 million in grants and loans, provided 6,536 individuals with 7,120 hours of consultations, hosted 433 events, created 4,893 jobs and retained an additional 6,632. Grant recipients must keep detailed receipts for expenditure of grant funds. Harris County to Launch New $30M Small Business Recovery Program For this reason, they come to LiftFund and readily share highly personal information with our team, such as tax forms, annual revenues, and other business documents as they look to secure capital. Your donation attempt encountered a problem. Isaac received a Bachelor of Arts degree from The University of Texas at San Antonio and a Master of . No, you may only submitan application for one of your businesses. We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support. With the contractors assistance and assessment, LiftFund has made changes in leadership, alignment, communication and efficiency tools. We calculate the charity's average total expenses over its three most recent fiscal years. No Credit: The charity did not have its audited financials prepared by an independent accountant. To learn more about industry prioritization, click here. No, you may only submit one application for one business. We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team. If I have 2 businesses, can I submit an application for each? LiftFund supports hard-working small business owners like you access money and resources you need to grow your business. Applicants will receive a confirmation email when they submit the application. Businesses must be operating as of February 15,2020. Business has not been permanently closed. Our vision is to transform lives by opening doors, leveling the financial playing field and building a community of shared success through entrepreneurship. As do organizations in other sectors, charities must be mindful of their management of total liabilites in relation to their total assets. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.