The Pharr EDC Cares Forgivable Loan – Now Closed.
In order to infuse local businesses with the cash they needed to begin their economic recovery in the wake of the COVID-19 pandemic, the Pharr EDC Board of Directors approved the Pharr EDC CARES program.
Nicknamed Pharr EDC CARES (Coronavirus Aid, Relief, and Economic Support), this program provided forgivable loans between $2,500 and $5,000 for local businesses suffering from the economic impact of the COVID-19 pandemic.
As Texas reopens its economy, these businesses face the uncertainty of how to rebound and thrive once again. Pharr EDC CARES provided the support needed to move forward. All loans were intended for working capital purposes in order to help businesses immediately begin recovering.
Awarded funds could be used for critical business costs such as personnel expenses, rent or commercial mortgage payments, utilities, and critical business equipment or supplies.
Pharr EDC Loan Forgiveness Application
What to Expect
The Requirements Are:
Completion of a Business Survey:
For questions on the Survey, please contact Karina Lopez at email@example.com or 956-402-4332 (ext. 1301).
Scheduling and attending a meeting with either AdventGX or UTRGV’s Small Business Development Center:
For questions, please contact Karina Lopez at firstname.lastname@example.org or 956-402-4332 (ext. 1301).
Completion of the Expense, download here. This form is for you to document the expenses paid for with the Pharr CARES Loan Money.
Support Documentation is also required, including but not limited to:
– Invoices (with Canceled Checks or Bank Statements
– Bank Statements
– Credit Card Statements
For Questions on the Expense Form, please contact me at email@example.com or 956-402-4332 (ext. 1307).
Pharr EDC Moves Businesses Forward
On The Grill Restaurant
1201 S Jackson Rd 7, Pharr, TX 78577
El Manantial Fitness + Nutricion
1000 E Us Hwy 83, Suite B, Pharr, TX 78577
Auto Diagnostic Center
801 S Cage Blvd, Pharr, TX 78577
901 S Cage Blvd, Pharr, TX 78577
Diaz Floors & Interiors
1205 W Polk Ave, Pharr, TX 78577
1006 W State Ave, Pharr, TX 78577
11 S Cage Blvd, Pharr, TX 78577
Kona Ice of McAllen
297 Ferguson Street Pharr, TX 78577
Sandy’s Treasure Box
1603 N Cage Blvd, Pharr, TX 78577
1000 US-83 BUS suite c, Pharr, TX 78577
Genesis Trade Solutions
1100 E Military Hwy 281 Suite D-1, Pharr, TX 78577
Gordita’s Doña Tere
614 S. Cage, Ste 10, Pharr, TX 78577
620 W Ferguson, Ste. 10, Pharr, TX 78577
Kids At Play Learning Center
128 W. State Avenue, Pharr, TX 78577
Mariscos Del Golfo
518 N Cage Blvd. #1, Pharr, TX 78577-3931
602 W Sam Houston Road, Pharr, TX 78577
5818 N Cage Blvd, Ste 68, Pharr, TX 78577
7728 S Cage Blvd, Pharr, TX 78577-3931
City of Pharr Small Business Relief Assistance
Cares Act Funds – Still Available
The City of Pharr will utilize U.S. Department of Housing & Urban Development Coronavirus Aid, Relief and Economic Security (CARES) Act funds in the amount of four-hundred and sixty-five thousand dollars ($465,000) to establish the Small Business Relief Assistance program (SBRA) as administered by the Grants Management and Community Development (GMCD) department. The grant assistance is designed to immediately support the financial needs of Small Business entities that have been adversely affected by the national COVID-19 pandemic. The CARES Act funds will not be amended or changed without prior written concurrence from the GMCD Office and the City of Pharr.
- U.S Department of Housing & Urban Development
- Community Development Block Grant (CDBG) Program
- Small Business Relief Assistance
Basis for Eligibility:
- For-profit Micro-Enterprise businesses located in the City of Pharr with five (5) or less employees including the owner.
- Must be in good standing as determined by the Texas Secretary of State’s office.
- Must comply with the CDBG rules and regulations for Economic Development
- Can provide financial evidence of economic loss because of COVID-19
- Applicant will certify and attest to a Duplication of Benefits standard
- Applicant must qualify under HUD’s Household Income guidelines.
Employee salaries, rental/leasing space, business utilities and COVID-19 related products.