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
For more information, visit LiftFund.
