City of Pearland Small Business Recovery
Grant Program

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The COVID-19 pandemic caused unprecedented challenges and interruptions to businesses nationwide. To assist the economic recovery of the area, the City of Pearland and Pearland Economic Development Corporation (PEDC) have partnered with LiftFund to launch the City of Pearland Small Business Recovery Grant Program. The goal of the program is to help a diverse group of small businesses in the city of Pearland that have suffered an economic loss as a result of the pandemic and need funding to continue to sustain operations.  

The City has dedicated $800,000, a portion of the funds it received from the Federal Coronavirus Aid, Relief and Economic Security Act (CARES Act), to small business recovery grants and funds to be distributed beginning November 2020. 

In addition to the grant funding, as part of this program LiftFund will offer business consultation services to ensure small business owners receive the support they need to pivot and overcome the business challenges they are facing due to COVID-19.

 

Only one grant per business owner is permitted. Different applications for multiple businesses with the same business owner will be declined.

Thank you for your interest. The application period for this program is closed and no longer accepting applications.

Grant Amounts and Eligible Expenditures:

Grants awarded for City of Pearland Small Business Recovery Grant Program will range from $1,000 up to $15,000 per business. Businesses may apply for the following expenses associated with maintaining business operations: working capital, payroll for job retention or expansion, rent/mortgage for business location, utilities and other general operating expenses.

Business Qualifications:

The fund is not first come first served. All applications will be reviewed based on stated and verified business information and business operations. A lottery will be conducted if the funding requests exceed the fund amount.

  • Annual gross revenues greater than $10,000 but less than $2 million in 2019 gross revenue from all business activities;
  • Limited to businesses that are retail/commercial with a certificate of occupancy located and that will remain in the corporate limits of the City of Pearland;
  • Demonstrates a COVID-19 loss of at least 10% of revenue in the period beginning March 12, 2020 up to September 2020 compared to the same period in 2019;
  • Business must be established one year prior to March 1, 2020;
  • Only one business owner per business may receive a grant through this program;
  • A franchise business is eligible if the owner only owns one location;
  • Non-citizens are eligible, if able to provide proper identification
  • Business financial information must be verified by uploading complete bank statements to application;
  • Comply with the spirit of the City’s non-discrimination policy; and
  • Not be debarred and/or suspended from doing business with the Federal or State governments

All documents must be provided in order for the application to be considered complete. Any applications submitted without documents or incorrect documents will NOT be considered. Applicants have the ability to upload the documents securely and safely through the online application.

Application process:

Applications must be submitted online starting October 12, 2020, at 9:00 AM CST and will be accepted until October 26, 2020, at 11:59 PM CST. All applicants must have an email address to submit and finalize applications.

Applicants will create an account to apply online. This will allow users to save progress on their applications should they need additional time to fill out the application. Please make sure to keep a note of your user name and password.

The application period will be open for 15 days and a review period of 15 days after the application period will be used to review the submitted applications and verify the business qualifies. Please be prepared for a follow up via email or phone from a LiftFund team member.

After the application period is complete, if demand is beyond the funds allocated, a randomized lottery will occur during the assessment period.

Applicants will be informed as follows:

  • Pre-Approved and Selected in Lottery
  • Pre-Approved and Not Selected in Lottery
  • Not Approved, did not meet the criteria of the program
  •  

Grant Document Verification:

As part of the application process, applicants are required to upload electronic versions of the grant verification documents outlined below:

  • Business entity formation documents;
  • Business Bank Statements from January to September 2020 to verify
    losses;
  • Certificate of Occupancy from the City of Pearland to verify retail/commercial location;
  • 2020 IRS 941 Form for quarters 1 and 2;
  • Payroll Documentation with employee listing/count;
  • 2019 Profit & Loss statement; 
  • 2019 business tax return to determine business revenue
  • Valid ID (driver’s license, passport, matricula)
  • Proof of current business location with current bill or lease.

All documents must be provided in order for the application to be considered complete. Any applications submitted without documents or incorrect documents will NOT be considered. Applicants have the ability to upload the documents securely and safely through the online application.

Awards and Funding:

The business owner will be notified via email and/or phone with the amount of the grant. The grant agreements will be signed through DocuSign. Disbursements will come directly from LiftFund.

Resources:

Click here to view a copy of the application in pdf. Please note, all applications must be submitted through the online portal; paper applications will not be accepted.

Timeline:

  • Application open October 12, 2020 at 9:00 AM till October 26, 2020 at 11:59 PM CST
  • Application Assessments: October 27, 2020 to November 11, 2020
  • Grant awards will start on November 21st