EDA Recovery Loans San Antonio

LiftFund’s EDA recovery loans are designed to support you during the COVID-19 crisis, and help you stabilize your business so you can continue making a difference in your community. 

Loan Details:

  • – Recovery loans up to $250,000
  • – 3.5% fixed interest rate
  • – 2% commitment fee

Funds may be used for:

  • – Equipment and machinery purchase
  • – Commercial vehicles purchase
  • – Purchase real estate for business immediate occupancy (minimum 60%)
  • – Leasehold improvement and construction
  • – Working capital for leasehold improvements and other business costs associated with the project

Eligibility:

  • – For-profit businesses with physical address and operations within San Antonio city limits
  • – Existing Businesses, in operations prior to September 1, 2019 that suffered an economic injury 
  • – Start Up businesses created to support the response to the crisis

Qualified Area:

LiftFund’s EDA loans are available to small businesses located inside the City Limits of San Antonio.

Ineligible businesses:

The following business operations are not eligible for our EDA recovery loan funds.

  • – Non-Profit Businesses
  • – Businesses engaged in lending
  • – Passive Businesses
  • – Businesses selling through a pyramid plan
  • – Gambling activities
  • – Businesses engaged in promoting religion
  • – Private clubs that limit membership for reasons other than capacity
  • – Consumer and Marketing Cooperatives
  • – Any Business that had caused a prior loss to the government