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Financial Assistance

Small Business Grants

On January 5, 2021, the County of El Paso will make $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]

To receive information regarding available grants, loans, and services, please complete the fields below.

NOTE:   This is not an application. 

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

Large Loan Program

Administered By:

Administered by Borderplex Community Capital (EP Community Foundation)

Loan Amounts:

$35K to $125K

Program Type:

Zero Interest & Forgivable Loan Program

Program Application Information:

Large Loan Program:  Click Here

Check Application Status:

Small Loan Programs

Administered By:

LiftFund & PeopleFund

Loan Amounts:

Up to $50K

Program Type:

Zero Interest & Forgivable Loan Program

Program Application Information:

People Fund Loan Program: Click Here

Lift Fund Loan Program:

No Longer Taking Applications

Check Application Status:

People Fund Loan Program:

Elvira Valles
915-213-1537
[email protected]

Lift Fund Loan Program: 

Enrique Aragon
800-494-4973
[email protected]

** PLEASE APPLY TO ONE PROGRAM ONLY**

Technology Solutions Grant Program

Administered By:

Workforce Solutions Borderplex

Grant Amounts:

Based on Needs

Program Type:

Technical & Equipment Acquisition Assistance for Local Businesses

Program Application Information

To Schedule an Appointment:  Click Here

Check Application Status:

Commercial Assistance Grant Programs

Administered By:

El Paso Chamber & El Paso Hispanic Chamber


Grant Amounts:

Up to $10,000

Program Type:

Microgrants for Commercial Mortgage/Rental & Utility Assistance

Program Application Information:

The El Paso County FASTER program has exhausted grant funding and is no longer accepting applications for the above grant programs. If  you are seeking financial assistance, please consider the forgivable loan programs also available under the FASTER program through the El Paso Community Foundation or People Fund. If you would like to be contacted regarding new grant opportunities, please fill out the referral form above. This site will be updated if additional grant funding becomes available.

Check Application Status:

El Paso Hispanic Chamber of Commerce:

Patrick Espinoza
915.566.4066
[email protected]

El Paso Chamber:

Kristina Pena
915-534-0500
[email protected]

Build Safe Grant Programs

Administered By:

Administered by El Paso Chamber & El Paso Hispanic Chamber

Grant Amounts:

Up to $10,000

Program Type:

Microgrants Supporting Operational Safety Improvements (PPE/Guards/Signage)

Program Application Information:

The El Paso County FASTER program has exhausted grant funding and is no longer accepting applications for the above grant programs. If  you are seeking financial assistance, please consider the forgivable loan programs also available under the FASTER program through the El Paso Community Foundation or People Fund. If you would like to be contacted regarding new grant opportunities, please fill out the referral form above. This site will be updated if additional grant funding becomes available.

Check Application Status:

El Paso Hispanic Chamber of Commerce:

Patrick Espinoza
915.566.4066
[email protected]

El Paso Chamber:

Kristina Pena
915-534-0500
[email protected]

Other Business Resources

COVID-19 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.

Restaurant Revitalization Fund

The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

Overview of Restaurant Revitalization Grant can be found here.

Shuttered Venue Operators Grant

The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.

Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.

 


Pledge to Safety

The City of El Paso continues to invite local business owners to take the Pledge to Safety to protect the health and safety of employees and customers. By taking this pledge to comply with all requirements and recommendations we can instill community confidence and highlight our businesses that are going above and beyond to keep customers safe. To join the more than 200 businesses that have taken the pledge, visit epstrong.org.
 
This program is a partnership between the City of El Paso, El Paso County, Downtown Management District, Destination El Paso, Paso del Norte Health Foundation, Better Business Bureau, El Paso Chamber of Commerce, the Hispanic Chamber of Commerce, El Paso Locomotive FC, and the El Paso Chihuahuas.