Corpus Christi City Council Approves Small Business Recovery Program
CORPUS CHRISTI, TX – In a special City Council meeting held earlier today, the Corpus Christi City Council approved a $2 Million loan program with LiftFund Inc. for small businesses impacted by COVID-19. Businesses eligible to apply for this program are those within the Corpus Christi city limits with annual gross revenues of not more than $1.5 million. Additionally, businesses must show a reduction in revenue of at least 15% from March 1st through the date of application. Priority will be given to those businesses affected by Executive Order No. GA-14 signed by Governor Greg Abbott on March 31, 2020, including gyms, restaurants, nail salons, beauty salons, barber shops, bars, massage parlors. Loans will range in value up to $25,000 at zero percent interest for up to 36 months with a deferment of the first payment for four months. It is intended for funding to take place with 10 days of receipt of required documentation and subsequent approval.
LiftFund Inc has been working with the City of Corpus Christi for over 15 years and has a proven track record for assisting local businesses. Businesses can call LiftFund at 1-888-215-2373 for more information, and beginning on Monday, April 13, businesses can apply on-line at LiftFund.com.