The Brownsville Small Business Recovery Fund is a 0% interest, forgivable loan program designed to support small businesses in Brownsville that experienced revenue loss due to the COVID-19 pandemic. This program helps stabilize and retain jobs, ensuring local businesses can continue to serve the community.
Loan Amounts:
Up to $20,000 for businesses with up to 50 employees
Up to $10,000 for businesses with up to 5 employees (including owner) who are low- to moderate-income
Forgiveness: Loans are designed to be easily forgiven, providing quick financial relief.
Program Funding: Limited funds are available; the BCIC Board of Directors considers applications based on availability.
Interest Rate: 0%
To be eligible for the Brownsville Small Business Recovery Fund, your business must:
Be a for-profit business located within the City of Brownsville.
Demonstrate a revenue loss of 15% or more due to the COVID-19 pandemic.
Employ low- to moderate-income individuals.
Not have received assistance from Round 1 or Round 2 of the Brownsville ReOpen for Business Assistance Program.
Step One: Complete a Recovery Fund application online by clicking the APPLY NOW button below. We recommend reviewing the application checklist to ensure you have all necessary documents before submitting. You will need to create an account with your email.
Step Two: Once your application is complete, you’ll receive a notification. Applications will be reviewed for eligibility. If demand exceeds available funds, a lottery system may be used to select recipients.
Due to anticipated high demand, funds may be exhausted before the stated deadline.
