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Lift Fund is non-profit organization that helps small business owners with limited access to capital by providing small business loans and minority business loans for women, startups, and entrepreneurs.
The Stabilization Construction Grant, available starting May 1, will provide grants up to $35,000 for businesses and non-profit organizations located in areas under active construction. This encompasses the Zona Cultural, S. Alamo Street and N. New Braunfels Phase 2.
The Accelerate Recovery Construction Grant, which also launches May 1, will provide $5,000 grants for businesses in areas where construction has recently concluded to help them make improvements and upgrades to their interior or exterior space. This area encompasses Bynum Phase 2, Bulverde Phase 1, N. New Braunfels Phase 1 and the Broadway Corridor.
The Mitigation Construction Grant, available starting June 2, is a pilot program for businesses in the Marbach Road Area Streets, where construction is anticipated to begin soon. Each $2,000 grant is intended to help businesses engage additional marketing, add signage or enroll in new delivery platforms to help sustain customer sales during the construction period.
LiftFund provides zero and low interest loans for small business. The program is designed to offer San Antonio’s small businesses, or those planning to set roots in the city, anywhere from $500 to $100,000 in interest-free loans, which can be used to support a variety of business needs from expansion and startup costs to staffing and daily operations.
Zero Percent Interest Rate Loan Program
Zero Percent Interest Rate Loan Program, administered by LiftFund, offers flexible small business loans from $500 to $100,000 at 0% interest. Loans can be used for various business-related expenses such as inventory and payroll. Businesses in construction areas are eligible for a 6-month forbearance period to aid in their resilience.
This program is subject to LiftFund’s credit and lending guidelines, including inability to secure funding through traditional commercial sources. Other fees may apply.
Learn more information or apply today for the Zero Percent Interest Rate Loan Program.
Small business owners with questions may call LiftFund at 800-923-9551.
Contact LiftFund Customer Service at 1-(888) 215-2373 or liftfund.com.