Stand with Austin

Please click here to start your application if you are a restaurant looking to apply for a loan under the Stand with Austin program.

A generous grant from the Stand with Austin Fund through 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 $150,000 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.

Loan amounts and terms:

Loan Amount Term Interest Annual Number of Payments Monthly Payment Amount
$5,000 60 months 3.3% 54 $100
$10,000 60 months 3.3% 54 $200
$25,000 66 months 4.0% 60 $463
$50,000 66 months 4.0% 60 $927
$75,000 66 months 4.0% 60 $1,390
$100,000 78 months 5.0% 72 $1,624
$125,000 78 months 5.0% 72 $2,030
$150,000 78 months 5.0% 72 $2,436

PeopleFund Headquarters

2921 E. 17th Street Building D Suite 1
Austin, TX 78702
Hours: Monday-Friday, 9:00-6:00 PM

We are currently working remotely. If you have questions about the program, please call 888-222-0017, or fill out the form below and specify the program in the “Message”:

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Loans offered by PeopleFund, a Texas Community Development Financial Institution and SBA Lender. Participants in this relief fund receive financial assistance in the form of loans from $5,000 to $150,000 with no payment obligation for the first 6 months and an economic benefit equal to the first 6 months of payments paid by the Stand with Austin Fund through the Austin Community Foundation. The APR for loans in this program is 5% or less and includes a processing fee of 2.5% to 3.5% that can be paid at the time of loan closing or rolled into the amount of the loan. Applicants shall meet program eligibility requirements and PeopleFund underwriting criteria to participate.