Grants for Micro and Small Business Owners in Bexar County (Texas)

The Bexar County Small Business Assistance program will provide grants to micro and small business owners who have been impacted by the pandemic.

Donor Name: LiftFund

State: Texas

County: Bexar County (TX)

Type of Grant: Grant

Deadline: 01/20/2023

Size of the Grant: $10,000 to $50,000

Details:

Funding Information

The grants will range from $10,000 to $50,000 to eligible small, for-profit businesses.

The funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment, and other operating costs.

The following limitations apply:

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 Bexar County.

Eligibility Criteria

To be eligible for this program, businesses must:

Employ fewer than 500 employees and meet the SBA size standard for small business
Not conduct a prohibited business activity.
Annual gross sales in 2019 between $10,000 and $3 million
Gross sales in either 2020 or 2021 must be less than gross sales in 2019. Gross sales are based on Line 1 of Schedule C or Line 1a of 1120, 1120S or 1065.
Operating prior to January 1, 2020 with documented financials in 2019. “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. “Currently operational” is defined as having positive business sales related deposits on the most recent business bank statement.
Not have filed for bankruptcy at time of application
Be in good standing with the TX Comptroller’s office, if applicable.
Be located within Bexar County limits. To check if your business address is located within the county.
Not be in the following categories: non-profits, gambling/gaming businesses, sexually oriented businesses; payday lenders, or real estate investment.
Applicant must be majority owner of business