BIPOC Small Business Accelerator Application for Quarter 1 2023

Submit Your BIPOC Accelerator Application for the Quarter 2 2023 Cohort

BIPOC Q2 2023 Counties

To be considered for the BIPOC Accelerator Cohort, please complete and submit the application below by the application deadline of April 16, 2023. Once you apply, you will receive a confirmation email. Our BIPOC Accelerator team will then review your application and be in touch with next steps via email.

The BIPOC Accelerator is a first come, first serve program and can only accept 70 eligible participants.

BIPOC Small Business Accelerator Application - Quarter 2 2023

Instructions
Thank you for your interest in applying for the BIPOC Small Business Accelerator with PeopleFund. This application is currently open to BIPOC owned businesses residing in the Quarter 2 2023 counties. Please complete all application questions and submit when complete. This application should take approximately 20-30 minutes to complete and cannot be saved once you begin. If you have questions while completing this form, please email [email protected] This application will close on April 16, 2023.
About You
This section gives the selection committee identifying information about you. Though demographic information is optional, we still need to verify that the business is a BIPOC owned business. BIPOC refers to Black, Indigenous, People of Color, which includes anyone who identifies as Hispanic, Latinx, Native American, Native Hawaiian, Alaskan Native, Desi, Asian or Pacific Islander.
Do you identify as a BIPOC-owned business?*
BIPOC refers to Black, Indigenous, People of Color, which includes anyone who identifies as Hispanic, Latinx, Native American, Native Hawaiian, Alaskan Native, Desi, Asian or Pacific Islander.
Name*
First and Last Name
Email*
Enter Email Confirm Email
Phone*
Which county is your business located?*
The BIPOC Small Business Accelerator is geared towards a new geographic community each quarter. If your county is not listed for this cohort, please be on the lookout as we start a new cohort every quarter and will return to your area soon.
Veteran Status*
Gender*
Ethnicity*
Race (more than one may be selected)*
- American Indian or Alaska Native
- Asian
- Black or African-American
- Native Hawaiian or Pacific Islander
- White or Caucasian
- More than one race
Do you identify as LGBTQIA?*
Is the head of your household a female?*
How many people live in your household?*
Do you have an alternate source of income? (W-2 employment, W-9 contract work, retirement check, and/or veteran benefits etc.)*
What is your verifiable monthly net income? (verified by paystubs, tax return, benefits letter, child support decree, etc.).
What is your estimated annual total household income? (please include all members of your household's income)*
Please upload your 2 most recent paystubs.*
Drop files here or

Max. file size: 50 MB.
Please upload your most recent personal bank statement. Transaction history not acceptable.*
Drop files here or

Max. file size: 50 MB.
Please upload your most recent business bank statement. Transaction history not acceptable.*
Drop files here or

Max. file size: 50 MB.
About Your Business
This section gives the selection committee more information about your business. Please note, your business must have been in operation for more than 6 months at the time of application and must reside in the eligible counties. List of counties served in Q2 2023 is found at the top of this page.
Business Name (Legal Name)*
Business Name (DBA/Assumed Name, if applicable)
How is your business registered?*
If your business is not formally registered, your business registration will be a required document that will be requested during the loan process. One of our Small Business Advisors can assist you on the business registration process. *Registering a corporation or limited liability company may take a few weeks to receive documentation. A business registration is NOT your IRS EIN nor your Sales Tax Certificate.
Please provide your IRS Employment Identification Number (EIN) (if applicable).
Business Physical Address*
Street Address Address Line 2 City State ZIP Code
Please enter your business's website, if applicable.
Does your business have any additional social media accounts? If so, enter the name of the platform and account handle here.
Is your business fully operating?
Has your business made any revenue within the last year?
Do you utilize a business bank account?
Please describe your business briefly (1-2 paragraphs max).*
Are you the sole owner of the business? Please list all owners and percentage of ownership for each.*
I understand that each owner with 20% of ownership or more, will need to submit a separate BIPOC Accelerator application.*
Do you currently have a PeopleFund loan?*
Program Eligibility
This section ensures that the program committee better understands your eligibility.
Do all owners of the business live in Texas? (YES / NO). If no, please list the location and percentage of ownership in business.*
Are all owners in the business U.S. Citizens or Permanent Residents?*
Have any owners in the business filed for a bankruptcy, of any chapter, within the last 5 years?*
Are any of the business owners currently involved in active litigation?*
Have any of the business owners ever been convicted of a felony?*
If yes, please explain and include year of conviction.
Are any of the business owners currently past due on any federal obligations (child support, taxes, student loans, etc) or on a payment plan to get caught up?*
Are any of the business owners currently past due on any credit obligations or on a payment plan to get caught up?*
Does the business have at least 6 months of operating revenue?*
Is the business engaged in any of the following industries: adult entertainment, gambling or gaming, real estate investments or housing projects, passive activity (rental/investment), anything federally illegal, multi-level marketing, franchising, nonprofit activities?*
Program Readiness
This section helps the selection committee better understand how ready you are to commit to this program. Here, you'll answer questions in regards to program responsibilities.
I understand that if I am accepted to this program, I will be expected to commit to 6 virtual weekly education sessions and 3 business advising sessions between April- June 2023.*
The goal of this program is to help small business owners access capital and education. By applying to this program, you understand that this program involves applying for a loan of up to $50,000. The loan amount will determine eligibility for grant funds, with a minimum grant of $3,000 and a maximum amount of $5,000.*
I understand that if I am accepted into this program, I will be expected to complete the program requirements included in the BIPOC Client Agreement which includes education and loan requirements.*
I understand that if I graduate from this program, I will be expected to submit quarterly financial statements and be followed up with for the next 3 years.*
I understand that by applying for a loan under this program with PeopleFund, approval is reqiured by our Underwriting Department and I will need to open a business bank account and formally register my business (at least a DBA) if I have not done so already.*
Program Fit
This section helps the selection committee better understand how well of a fit you are for this program and will be utilized to narrow down program participants in the case that more eligible applications are received than program space.
Why are you interested in applying to the BIPOC Small Business Accelerator? What are your goals/what are you looking to gain from the program?*
What is your loan request? (Maximum amount $50,00)*
What is the minimum loan request amount, should you not qualify for the above amount?*
How will you use the loan funds? Please list a detailed breakdown use of funds with amounts.*
Please share anything additional that may help the program committee in their selection.
Credit Check Authorization
When you submit your application, PeopleFund will complete a soft pull on your credit. This is a soft pull (not a hard pull). It will NOT affect your credit score. Please ensure to remove any credit freeze/lock in order for PeopleFund to run a soft pull credit check. This section is where you will authorize the soft pull and provide additional details needed.
I authorize PeopleFund and/or its agents to make any investigations of credit either directly or through any agency which has credit information.*
- Yes, I authorize.
- No, I do not authorize and understand that my application may not be processed.
I understand that if I have a credit freeze or lock, this will delay the processing of my application.*
- Yes, I understand and will have the credit freeze or lock lifted to process my application.
I understand that if I am approved for a PeopleFund loan I will be required to enroll in monthly auto-debit payments*
- Agree.
- I do not agree.
Social Security Number*
Date of Birth*
MM slash DD slash YYYY
Home Address*
Street Address Address Line 2 City State ZIP Code

Please provide your physical home address, P.O. box addresses will not be accepted.
Home County*
Program Disclosures
This section provides program disclosures regarding program incentives, benefits, and application truthfulness. All questions in this section must be answered TRUE in order for you to be eligible for this program.
I understand by participating in this program, the grant attached to this program is dependent upon loan approval and completed program requirements.*
By submitting this application, I attest that all information provided is accurate and true to the best of my knowledge.*

For more information on program eligibility, program overview and benefits, please visit the BIPOC Accelerator page on our website. For any additional questions related to the program and application, please email [email protected]

BIPOC Small Business Accelerator Quarter 1 2023

Submit Your BIPOC Accelerator Application for the Quarter 2 2023 Cohort

BIPOC Small Business Accelerator Application - Quarter 2 2023

Instructions

About You

About Your Business

Program Eligibility

Program Readiness

Program Fit

Credit Check Authorization

Program Disclosures