Small businesses impacted by Hurricane Harvey, including those in League City and the surrounding Bay Area, can now apply for a grant related to business losses incurred from the storm.
From now until March 2, 2020, businesses can apply for Texas Back in Business grants ranging from $50,000 to $250,000. Texas Back in Business is funded by Congress through the Department of Housing and Urban Development and was created to help Texas small businesses affected by Hurricane Harvey create jobs and get back on the road to recovery. Texas Back in Business is NOT a bank and is NOT affiliated with the SBA.
The amount of funds a business may be eligible for will be determined by several factors including the remaining need and job creation or retention. Applications will be chosen at random for an eligibility and underwriting review after the application period concludes. Best of all, if a business is awarded funds and fulfills the requirements of the grant, no repayment is required.
Who is eligible to apply?
1. Were you in business on August 25, 2017, when Hurricane Harvey hit Texas?
2. Did your business suffer losses due to Hurricane Harvey?
3. Are you a small business as defined by the Small Business Administration
4. Is your business located in one of the 49-counties impacted by Hurricane Harvey?
If your answer is “Yes” to these 4 questions, you may be eligible to be considered for a business grant for up to $250,000.
What information is necessary to start your application?
1. Your contact information.
2. Information about your business, such as, type of business, location, number of employees.
3. How your business was damaged (economically/physically) by Hurricane Harvey.
4. How the grant funds will be used to assist your business.
5. Other types of relief you have applied for or received.
You can find additional grant details and the application at www.TexasBackInBusiness.com .