Please click here to start your application if you are a restaurant looking to apply for a loan under the Still Water Foundation program.
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 $150,000 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.
Loan amounts and terms:
| 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”:
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 Still Water 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.