Small Business Recovery Program: City of Corpus Christi

This morning, the Corpus Christi City Council approved a loan program for businesses operating within the City of Corpus Christi city limits with an annual revenue of up to $1.5 million.

Applications will be accepted beginning April 10 at LiftFund.com. Thank you to the Corpus Christi Regional Economic Development Council for working with the City in the design of this program. This program is designed to give businesses access to capital to mitigate the damage caused by COVID-19 forced closure.

For more information about the program, call 888-215-2373 or visit the LiftFund.com.

Here are several parameters for the loan program:

Must be within the city limits of Corpus Christi
Maximum of $1,500,000 in annual revenues
Must show a reduction in revenue of at east 15% from March 1^st
Loans up to $25,000 at zero percent interest
No payments for first 4 months
Have plans to reopen in same location
Funds may be used for working capital, covering expenses of debt, and workforce needs
Priority to those businesses impacted most by the Governor’s Executive Order
- Bars
- Restaurants
- Nail salons
- Beauty salons
- Barber shops
- Gyms
- Massage parlors

For more information concerning COVID-19 programs click here.

This communication is for informational purposes only; it is not legal, tax or accounting advice; and should not be acted upon as such. Please consult your attorney/CPA/Accountant regarding any decisions that impact your company or your employees. This post may contain hyperlinks to websites operated by parties other than UniqueHR. Such hyperlinks are provided for reference only. UniqueHR does not control such websites and is not responsible for their content.

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PRESIDENT, ENERGY COMPANY

Darrel

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Small Business Recovery Program: City of Corpus Christi

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