Did you or did you not get any part of the CARES Act PPP loan? Or do you need more? There are some more relief programs offered by both Harris County and Fort Bend County (not in these counties? Click here). Below are their specifics and how to apply.....
HARRIS COUNTY SMALL BUSINESS RECOVERY FUND
- Applies to small businesses in precincts 1-4, this primarily excludes businesses in the City of Houston limits and who are not in precinct 1.
- Must be a small business or nonprofit with 30 or fewer employees
- It does not have to be paid back (praise JESUS)
- Offers up to 25,000 per applicant (this means you may get less)
- Funds can be used for payroll costs, supplier payments, rent, mortgage expenses, utilities, debt interest, critical business operations costs, personal protective equipment and sanitation supplies and more
- You can use your 2018 or 2019 return to apply
- You can apply as an S Corp without a 1099
- You can apply with your personal return with or without a Schedule C
- Apply here https://www.harriscounty-sbrfund.org/
- Applications opened July 13, and will remain open for only 10 days through July 22 (APPLY IMMEDIATELY)
Small businesses who are not eligible for the Harris County relief are:
- Gambling businesses,
- Businesses organized for religious purposes,
- Residential builders
- Speculative real estate investors and
- Sexually oriented businesses
Here’s a link to read more about the Harris County Relief:
FORT BEND COUNTY SMALL BUSINESS RELIEF PROGRAM
Provides up to $10,000 to small businesses that...
Are located in Fort Bend County;
Have an annual revenue of between $100,000 and $2 million;
Are a for-profit business;
Have been in operation since Feb. 15, 2020;
Have not permanently closed;
Have lost at least 25% of revenue as a direct result of Covid-19;
Are in good standing with state and local taxes, fines or other payments;
Employ between one and 20 full-time equivalent employees. For businesses with multiple locations, employee count will be calculated per location.
Here’s a link to read more about and apply for the Fort Bend County Relief:
https://www.coronavirusfortbend.gov/covid19-small-business-emergency-assistance-grant-program.html
FOR THOSE NOT IN HARRIS OR FORT BEND COUNTIES OR TEXAS
Here’s how to find if your county, city, or state has coronavirus relief funds:
Do a google search for Coronavirus relief fund and add your county name in front of it or behind it i.e. "Coronavirus relief fund Dekalb County" Repeat for your city, then state.
Here’s a link to a few other grants and relief funds for both Houston area and everyone else
https://www.sbdc.uh.edu/sbdc/COVID19-Grants.asp
And lastly, the PPP stimulus is still accepting applications. Here's the link to learn more about how to apply www.tosinowocpa.com/blogs/post/where-to-apply-for-coronavirus-ppp-and-eidl-stimulus-loans-if-you-can-t-get-through-with-big-banks
Before applying, remember these funds are meant for those who need relief.
Good luck and stay safe.
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