NewsLocal News

Actions

LiftFund celebrates with more Coastal Bend investments

Posted: 2:22 PM, Nov 14, 2019
Updated: 2019-11-14 15:25:46-05
Janie Barrera speaks at LiftFund’s Quinceañera

CORPUS CHRISTI, Texas — Nonprofit community small business lender LiftFund celebrated its Quinceañera with added investment in the Coastal Bend area.

LiftFund announced it is offering an additional $3 million in loans to small businesses in the Coastal Bend area, thanks to an investment from the U.S. Department of Commerce Economic Development Administration (EDA). The loans, which have a special 4 percent interest rate now through March, will enable companies to continue rebuilding and foster economic development in the area after Hurricane Harvey.

“We believe more work needs to be done in the Coastal Bend community to aid in rebuilding the Texas Gulf coast,” LiftFund president and CEO Janie Barrera said. “We know business owners and entrepreneurs are resilient, and we hope our efforts will enable them to strengthen their businesses and grow the local economy.”

The additional $3 million investment from the U.S. Department of Commerce Economic Development Administration will ensure funding is available for small business owners in the area as they continue rebuilding and strengthening their businesses and communities after the hurricane.