Financial & Technical Assistance

Local, state, and federal opportunities for financial assistance including grants, loans, and technical assistance.

Local Assistance

El Paso County Faster Program

Beginning on January 5, 2021, the County of El Paso has made $10 million available to aid small businesses located in El Paso County which have been negatively impacted by COVID-19 through its Financial Assistance for Safety, Technology and Economic Resilience (FASTER) program. This assistance is available in several forms, including grants, loans, and technical assistance.

Funding Tier Prioritization:  

January 5, 2021:

Tier I: $6 million will be available to businesses located outside of the City of El Paso and within El Paso County.

Tier II: $4 million will be available to businesses located within El Paso city limits.

March 5, 2021:

Any remaining Tier I funds will be made available to any business located within El Paso County, including businesses located within El Paso city limits.

Qualifications: Non-Profit organizations and businesses located in El Paso County that can demonstrate a negative impact due to COVID-19 and who have implemented a health and safety policy pursuant to County Judge’s Orders.  We strongly encourage your business to take the Pledge to Safety.

For all FASTER program guidelines and qualifications click HERE 

Click here for a list of answers to frequently asked questions.

For available program applications and information, please continue scrolling down and see below.

Note: The financial assistance provided by these programs comes in several forms. Many programs, such as grants, do not need to be repaid; however, they may be considered taxable income.  Others, such as loans, have loan forgiveness opportunities. Please read the terms of the programs carefully. Businesses may apply to combine both grant and loan opportunities but the total awards shall not exceed the maximum loan allowed. However, businesses are encouraged to limit their application(s) to one loan provider (Community Foundation, LiftFund, PeopleFund) and one grant provider (EP Chamber, El Paso Hispanic Chamber) to streamline processing of applications. Technical assistance grants offered by Workforce Borderplex Solutions may be combined with other grant and loan programs as well.

Disclaimer: FASTER Program information presented here is subject to change upon final approval by the El Paso County Commissioners Court in January 2021. The program information is intended to provide awareness of the program guidelines and proposed FASTER Program Administrators. Any updates to the program will be shared via this website.

For any questions on the programs please contact the El Paso County Economic Development Department at [email protected]

Technology Solutions Grant Program

Administered By:
Workforce Solutions Borderplex

Assistance Amount:
Based on Needs

Program Type:
Technical & Equipment Acquisition Assistance for Local Businesses

Small Loan Programs

Administered By:
LiftFund & PeopleFund

Loan Amounts:
Up to $50K

Program Type:
Zero Interest & Forgivable Loan Program

Large Loan Program

Administered By:
Borderplex Community Capital (EP Community Foundation)

Loan Amounts:
$35k to 125K

Program Type:
Zero Interest & Forgivable Loan Program

 

 

Commercial Assistance Grant Programs

Administered By:
El Paso Chamber & El Paso Hispanic Chamber


Assistance Amounts:
Up to $10,000

Program Type:
Microgrants for Commercial Mortgage/Rental & Utility Assistance

Build Safe Grant
Programs

Administered By:
El Paso Chamber & El Paso Hispanic Chamber

Assistance Amounts:
Up to $10,000

Program Type:
Microgrants Supporting Operational Safety Improvements (PPE/Guards/Signage)

Additional Local Programs

LiftFund Dream Makers Fund

Administered By:
LiftFund

Assistance Amounts:
Vary based on need

Program Description:
LiftFund offers small business loans to entrepreneurs who are ready to grow and strengthen their businesses. LiftFund provides loans for Commercial Real Estate Purchases, Equipment, Inventory, Leasehold Improvements, Supplies, Vehicles, and Working Capital.

Don't miss out on local financial assistance opportunities for small bussinesses.

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NOTE: This is NOT an application for grants, loans, or services. It is your responsibility to reach out directly to program administrators of the various grant, loan, and assistance programs if they have not contacted you directly. For assistance please contact the El Paso County Economic Development Department at [email protected] or call (915) 546-2177

State & Federal Assistance

SBA COVID-19 Private Funding Options

A resource of private funding options to help small businesses. Browse options available nationally, or input a zip code to explore location-specific funding.