COVID-19 Relief Programs

If you are looking to apply for a loan with PeopleFund, click here to fill out our application, and a PeopleFund lending team member will contact you within 48 hours. Please contact 512-222-1001 if you have questions or concerns regarding your application.


Please find a list of our current relief programs:

 

City of Eagle Pass:

In partnership with PeopleFund, the City of Eagle Pass announces the release of the Downtown Revolving Loan Fund (DRFL). The DRFL will provide a low interest financing option to individuals looking to open a new business in the Central Business District, with a high emphasis on Main Street. Click here to learn more. Please click here to apply for the Downtown Revolving Loan Fund with the City of Eagle Pass.

City of Fort Worth:

The City of Fort Worth is teaming up with PeopleFund to launch the Business Resiliency Microloan Program, which is prepared to provide at least $850,000 to eligible businesses in Fort Worth who are being impacted by the COVID-19 crisis. These loans may be used to pay fixed debts, payroll or accounts payable, or cover other bills that can’t be paid due to the pandemic. Click here to learn more. Please click here if you are looking to apply for a loan under the Business Resiliency Microloan Program with the City of Forth Worth and PeopleFund.

City of Pleasanton:

PeopleFund and the City of Pleasanton are teaming up to provide financial assistance to small businesses in Pleasanton that have been negatively impacted by COVID-19. Click here to learn more. Please click here to apply for a loan with the Pleasanton Relief Fund.

City of Victoria:

We’ve partnered with the City of Victoria, Texas – Government and created the Business Resiliency Microloan Program, a microloan program that helps Victoria businesses who have been impacted by COVID19. Click here to learn more. Please click here to apply for the Small Business Relief Program with the City of Victoria.

Community Advantage Recovery Loan Program (CARL):

We are pleased to announce that PeopleFund is a lender in the new Community Advantage Loan (CARL) Program launched by the Small Business Administration (SBA). The new program is intended to provide technical and financial assistance to small businesses located in underserved markets helping small businesses revamp their business model for the COVID-19 environment or to build financial resiliency against future disruptions. Under this program, the first six months of payments will be covered by the SBA. Please click here for more information. 

Hays County Emergency Cash Program (ECAP):

As part of a county-wide collaboration, Hays County established the Emergency Cash Assistance Program (ECAP) grant fund, which will deploy $600,000 in grants to local businesses. This free financial resource is designed to aid small businesses in Hays County that are struggling to sustain operations due to the COVID-19 health crisis. We will begin taking applications on August 10th. Click here to learn more and view a sample application.

Hidalgo County CARES Small Business Grant Program:

Hidalgo County has launched the Hidalgo County CARES Small Business Grant Program to assist businesses with expenditures related to the cost of business interruption caused by the required closure related to the COVID-19 pandemic. Grants in the amounts of $3,000 and $5,000 will be disbursed based on business annual net income of $100,000 or less. Funding will be awarded on a first-come, first-serve basis until funds are depleted. The program will be administered by PeopleFund, who will provide technical assistance to applicants and will operate in conformance with the Coronavirus Aid, Relief, and Economic Security (CARES) Act federal guidelines. Click here to apply.

Paycheck Protection Program (PPP):

PeopleFund is a PPP lender and we can help you take advantage of this program. Click here to begin the application process. What is the PPP? The PPP provides funding for payroll, mortgage interest, rent, and utilities and a portion may be eligible for forgiveness. Click here to learn more about PPP.

Relief for Restaurants in Austin:

With a generous gift from the Still Water Foundation in support of PeopleFund’s COVID19 Relief Fund, we launched a program to support restaurants in the Austin area during the current crisis. Participants in this relief fund receive financial assistance in the form of loans from $5,000 to $120,000 with interest rates of 5% or less and the first 6 months of payments totally forgiven. Restaurants with more than one location may apply for larger amounts. Please click here if you are a restaurant looking to apply for a loan under the Still Water Foundation program.

Stand With Austin:

A generous grant from the Stand with Austin Fund through the Austin Community Foundation is making it possible for PeopleFund to provide financial and technical assistance to businesses seriously impacted by the cancellation of South by Southwest. Participants in this program receive loans from $5,000 to $60,000 with concessionary interest rates and the first 6 months of payments totally forgiven. This program aims to help Arts, Music & Creative (including Technical), Service & Bar and Hospitality businesses but it is also open to other kind of businesses that can demonstrate a direct negative impact by the cancellation of SXSW. Existing PeopleFund clients are welcome to apply. Please click here to apply for this program.