LiftFund Loans: Helping Texas Businesses Rebuild After Harvey

Chef Yolonda Henry managed Nuksy’s Fine Catering— a popular full-service catering business based in Houston —  for 15 years before Hurricane Harvey hit the area in late 2017.

The storm swept away everything in its path, including Yolonda’s catering equipment and inventory, and damaged Nuksy’s building structure. Yolonda knew that she needed to find a new location quickly if she wanted to continue Nuksy’s business operations.

Yolonda discovered the Texas Small Business Rebuild Initiative, a $7 million loan relief program developed in a partnership between LiftFund, Goldman Sachs, and Rebuild Texas Fund, designed to support small businesses affected by Harvey. 

Thanks to the program, Yolonda  was able to secure a loan to rent a second location near downtown Houston, purchase new equipment and expand her business by introducing new services.

“I know there are a lot of clients who rely on us, and are good to us, so I really wanted to find an outlet to continue my business,” she said.

She publicly credited the initiative for providing Nuksy’s with “the funding, the opportunity to be here, and the loan assistance, [which] has really helped us get back on track. [Now] we’re growing.”

No matter what your small business is going through, LiftFund can help! Get the business capital you need to grow or expand by applying for a small business loan today, or check out our free online business toolsfinancial templates to get started.

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