SAN ANTONIO — Small businesses in Bexar County may soon get the assistance they need amid the coronavirus pandemic.
According to the Bexar County Public Information Office, during Tuesday's meeting, commissioners approved a partnership with LiftFund to provide interest-free loans and grants to support small businesses in the area.
More specifically, the partnership includes a $5 million interest-free loan fund for small businesses and a $250,000 grant program for micro-businesses with five employees or less.
Precinct 2 Commissioner Justin Rodriguez who brought forward the partnership said, "“We know businesses and families are hurting and are doing their best to navigate and overcome economic hardship as a result of COVID-19. The purpose of this partnership is to provide our small businesses financial relief to help them get through this difficult time.”
Interested businesses can request more information over the phone at 888-215-2372.
Applications are open at liftfund.com.