The following image shows the prevalence of economic hardships among Harris County residents in the past few years:
Many businesses have been forced to close. This is due to a number of stay-at-home orders designed to slow the spread of COVID-19.The small business recovery fund comes from a zero interest paid loan forgiveness program. As with this previous program, the SBRF is meant to help businesses with essential functions such as payroll and funding health benefits.
Who Qualifies for the SBRF?
Keep in mind that Harris county’s small business recovery fund prioritizes small businesses hit hardest by the realities of COVID-19. Here’s a breakdown of the SBRF qualifications.
Please note that the SBRF may be open to other types of businesses and qualifications. For example, businesses that have previously received assistance from Harris County’s Paycheck Protection Program, can still apply for this recovery fund. However, the following businesses are given priority:
Small businesses with 30 employees or less
Small businesses located in Harris County Precincts 1-4
Small businesses unaffiliated with gambling, real estate investors, and sexually oriented businesses
Small businesses that have not received any other financial aid from COVID-19 recovery resources
What You’ll Need to Apply
If you’d like to apply for the Harris County small business recovery fund, you’ll need to get your paperwork in order. The following documents will assist you in your SBRF application:
Business tax return for 2018 or 2019
Income and expenses for three months
Articles of incorporation, business license or DBA certificate
W-2 statement, pay stubs or personal tax return
There are no repayment requirements for the SBRF. Keep in mind that businesses must be located in one of Houston’s four precincts and have remained open since November 30th.
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