SMALL BUSINESS RESOURCES AND GRANT OPPORTUNITIES

Frequently Asked Questions from the state that explains the loans and options for Texas Business Owners

GENERAL

• Paycheck Protection Program - Forgivable loans to employers if all employees arekept on the payroll for 8 weeks, and the money is used for payroll, rent, etc.

• EIDL Loan Advance - Provides up to $10,000 in emergency relief that does nothave to be repaid

• PeopleFund Business Resiliency Microloan Program - Fort Worth addressedbusinesses are eligible

NON-PROFITS

• North Texas Cares Relief Fund - North Texas-area nonprofits are eligible, with afocus on supporting first responders and/or vulnerable populations, and efforts thataddress racism

• United Way of Tarrant County Resources - includes resources for meeting needsincluding child-care, education, food, health care, etc.

• Fort Worth Creative Industry Relief Fund - musicians, filmmakers, and artists ofFort Worth are eligible for this $300 grant

• Arts Council of Fort Worth Arts Non-Profit Relief Fund - local arts nonprofits areeligible

SMALL BUSINESSES

• Denton County OPEN: Grant Program - Denton County launched the OPEN Grantwith $2.2 million available in grants for Denton County.

• Protect the Fort: Small Business Grant Program - offering $250k in cash grants,up to $5k per small business; Made possible by Facebook

• Facebook Small Business Grants Program - offering $100M in cash grants and adcredits

• Business for All - Grants up to $50,000 to support business growth, including$10,000 emergency COVID-19 Business for All Grants to help small businesses incrisis.

• Let’s Grow North Texas Business - Other small business funding resources may

be found here, including grant applications that are currently closed, but will re-open at a later date.

• U.S. Chamber of Commerce Foundation Save Small Business Fund -Businesses with 3-20 employees are eligible for this grant

• Google Advertising Grants - small and medium size business are eligible for thesegrants to be applied to Google Ad credits

• Local Initiatives Support Corporation - register here to be notified when the nextround of application is open for this small business grant

• SBA Express Bridge Loans - Quick access up to $25,000 for small businesses whocurrently have a business relationship with an SBA Express Lender

• SBA Debt Relief - Covers all loan payments, including principal, interest, and feeson SBA 7(a), 504, and microloans for 6 months

• PeopleFund Disaster Relief Bridge Loan - immediate cash of up to $60K and canbe paid back using PPP or Emergency Disaster funds

• LiftFund Loan Program - up to $50,000 with up to 120-day payment deferment forsmall businesses

MINORITY-OWNED BUSINESSES

• The Red Backback Fund - $5 million of $5,000 grants each for female entrepreneurs. The application will be open on: May 4, June 1, July 6, and August 3.

• Texas Black Expo - micro-grants of $1,000 to 100 entrepreneurs who have been in business for two years, are currently open, and are experiencing coronavirus-related hardship.