En este programa, la BCIC proveerá de microcrédito a negocios que han sido afectados por el virus de COVID-19. Aplica para Empresas con 50 empleados y que tengan al menos un (1) empleado de tiempo completo con bajo a moderado ingresos (La elegibilidad anterior era de 15 o menos empleados). Los fondos serán usados para pagar los gastos corrientes de la empresa que se ha complicado su pago debido a la caída de utilidades derivado del virus COVID-19. Las empresas pueden aplicar por un monto de hasta 10,000 dólares en este programa. Las empresas tienen que estar físicamente localizadas en la ciudad de Brownsville y tener evidencia de la caída de ingresos derivado del COVID-19.

This program is a short-term 0% interest forgivable loan program up to $20,000 to assist businesses with up to fifty (50) employees at the time of application, or up to five (5) employees (including the owner) with low to moderate income owner. The business must demonstrate a loss of gross revenue of 15% or more as a result of the COVID-19 pandemic to be considered for funding. Businesses must have a physical location in the City of Brownsville.

Funding is limited and applications will be accepted online using our application portal ending December 1, 2023, or when the max number of applications have been received; whichever comes first.

Due to the anticipated number of submissions, allocated funds to the loan program may be exhausted before December 1, 2023.

Para alcanzar el monto mínimo de este préstamo, debe haber documentación suficiente de que los puestos de trabajo se habrían perdido sin la asistencia del préstamo. Esto incluirá la certificación proporcionada al descargar y completar el Formulario de autocertificación de ingresos, para un empleado de ingresos bajos / moderados de tiempo completo (FTE) o propietario de un negocio incluido con la solicitud en línea.

BCIC requires either that (i) a business owner submitting the application for the loan must be a low/moderate income individual or (ii) the business must provide evidence that at least one (1) low/moderate income employee is being retained. The Self Certification of Income form can be downloaded from BCIC’s website at https://brownsvilleedc.org/reopen-docs/ and include the form with the application.

Brownsville Community Improvement Corporation will be offering forgivable loans. This loan will have a three-year term at a 0% interest rate. If your business is able to retain at least ONE low- or moderate-income full-time employee or equivalent for the first three months after the receipt of loan funds, business remains in good standing and is operating at current or more occupancy at the time of application submission, then the loan will be completely forgiven.

If your business is unable to provide such documentation, it will not be deemed to have met the requirements to enable it to be forgiven, however repayment will be deferred for the first twelve (12) month period after the loan is administered. Businesses will begin monthly loan repayments on month 13. After repayment begins, businesses shall have two (2) years (twenty-four (24) months) to complete full repayment of the loan.

Eligible recipients must have their businesses located within the City limits of Brownsville, Texas and have up to 50 employees at the time of application submission. Businesses must meet ONLY one of the following two criteria:

Small businesses, meeting the criteria stated above, that have experienced 15% or more loss in revenue due to the COVID-19 virus are eligible to apply for this loan program. Funds may be used for operating expenses, for running day to day business operations including but not limited to covering payroll and rent. Loan funds are for commercial purposes only. Funds cannot to be used for equipment purchases, construction or expansion related costs, pay off non-business debt, such as personal credit cards for purchases not associated with the business.

Brownsville Community Improvement Corporation (BCIC) es un concesionario de CDBG y, como tal, debe establecer y mantener procedimientos adecuados para evitar la duplicación de beneficios. Se produce una duplicación de beneficios cuando una persona, hogar, empresa, gobierno u otra entidad recibe asistencia financiera de múltiples fuentes para el mismo propósito, y la asistencia total recibida para ese propósito es más que la necesidad total de asistencia. Los beneficiarios deben verificar que los beneficiarios secundarios, es decir, las personas o familias asistidas, las empresas y otras entidades que reciben asistencia de CDBG no hayan recibido previamente, o no recibirán, asistencia duplicada de otra fuente antes de que se proporcione la asistencia de CDBG.

BCIC realiza este análisis de duplicación de beneficios al requerir que estas entidades y beneficiarios proporcionen una autocertificación que indique que no han recibido, y que no anticipan razonablemente recibir, un beneficio duplicado, y que les exija que enumeren la asistencia potencialmente duplicada que ya hayan recibido. recibido, o anticipar razonablemente recibirlo. Descargue y complete el Formulario de Declaración Jurada de Duplicación de Beneficios ubicado en el sitio web de BCIC en https://brownsvilleedc.org/reopen-docs/ e incluya el formulario con la solicitud en línea. BCIC realiza este análisis de duplicación de beneficios al exigir a estas entidades y beneficiarios proporcionar una autocertificación que indique que no han recibido, y no anticipan razonablemente recibir, un beneficio duplicado, y que les soliciten que enumeren la asistencia potencialmente duplicada que ya han recibido o que esperan razonablemente recibir. Descargue y complete la duplicación de Formulario de Declaración Jurada de Beneficios ubicado en el sitio web de BCIC en https://brownsvilleedc.org/reopen-docs/ e incluya el formulario con la solicitud en línea para el reembolso completo del préstamo.

Una vez que hayas decidido aplicar, necesitarás recolectar los documentos necesarios para la aplicación, descarga el checklist para asegurarte de que tienes todo completo para aplicar. Si lo necesitas puedes marcar a nuestra línea gratuita COVID-19 Business Hotline para cualquier pregunta o asistencia que necesites con alguna documentación.

Please note, this loan program and any specific loans are contingent upon the availability of funds. If at any time, this funding source is depleted, this loan program and any commitments to fund specific loans may become null and void. Due to the anticipated number of submissions and limited application submissions, allocated funds to the loan program may be exhausted before December 1, 2023. Applications will be review and evaluated on eligibility and based on the number of eligible applicants and limited funding, applications may be chosen via a lottery system.

Applications close December 1, 2023, by 12:00 P.M. OR when max number of applications have been received; whichever comes first. You may begin an application at any time and save your progress as you go. Please note that all documentation must be included in your application in order to submit. We expect a large influx of applications in the short application window and recommend all applicants to submit their application as soon as possible.

Please only begin your application if you know you will be able to obtain all the necessary documentation. To apply, click on the “Apply Now” button below and create a member account to begin the application process. If you have any questions or concerns, please call 956-382-7500.