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Hays County ECAP Fund

Información en español

Emergency Cash Assistance Program (ECAP) Fund

As part of a county-wide collaboration, Hays County is establishing the Emergency Cash Assistance Program (ECAP) grant fund, which will disperse $600,000 to local businesses. The ECAP Fund is designed for those small businesses located in Hays County that are struggling to sustain operations due to the COVID-19 health crisis and were unable to secure assistance via the Payroll Protection Program (PPP) loan through the CARES Act or the Economic Injury Disaster Loan program through the US Small Business Administration.

The ECAP fund, which was initiated by the Hays County Commissioners Court, is a collaboration between the County, the City of Kyle, PeopleFund, and the Greater San Marcos Partnership (GSMP). The fund will provide a grant of up to $10,000 to qualifying businesses on a first-come, first served basis. The loan agency PeopleFund, a non-profit community lender, will manage the application process.

A PDF version of the application is available for review to help prepare applicants for the information that will be requested. On Monday, August 10, applicants may begin submitting their application and required documents online at https://peoplefund.org/hays/.

Applications will close once all funds have been awarded or until December 31, 2020, whichever comes first. Please review the details, requirements and process below before proceeding to the application.

Hard copy applications can be found at the following locations beginning Monday, August 3:

 

San Marcos Library via front porch pickup - 625 E Hopkins St, San Marcos, TX 78666

Wimberley Village Library - 400 FM2325, Wimberley, TX 78676

Kyle Public Library - 550 Scott St, Kyle, TX 78640

Buda Chamber of Commerce203 Railroad St 1 C, Buda, TX 78610

All hard copy applications should be mailed to PeopleFund.

For assistance navigating the application process, please call 512-222-1016 or fill out this inquiry form.

Award Amount & How Fund May Be Used

Grants shall be awarded on the basis of One Thousand Dollars ($1,000) per Qualifying Employee up to a maximum of total grant per business of Ten Thousand Dollars ($10,000).

Grant funds may be used for: 

  • Working capital (including rent, pre-existing mortgage and utilities)
  • Inventory or supplies
  • Furniture or fixtures
  • Machinery or equipment
  • Maintenance or repairs
  • Payroll or Employment Benefits for Qualifying Employees[1]

 


[1] Grantees do not qualify for the ECAP if they received funding through the PPP.

 

Fund Eligibility Criteria

All of the following criteria must be met:

  • Private sector business or non-profit organization
  • Must have been in operation since at least January 1, 2019 with a location within Hays County*
  • Limited to those with less than ten (10) full-time equivalent Qualifying Employees
  • Must have been in good standing with the State of Texas, and have no outstanding tax liens, as of January 1, 2020
  • Must be in good standing with City and County taxes, as well as all permits, and licenses as of January 1, 2020
  • Businesses that have been the recipient of any federal or state assistance program such as the Payroll Protection Plan (PPP) or the SBA Economic Injury Disaster Loan Assistance program (EIDL) do not qualify for ECAP funding
  • Any natural persons holding more than 10% beneficial ownership of the business must certify via an affidavit prior to grant closing they do not have access to unencumbered liquid assets in excess of $100,000
  • Eligible applicants will be asked to sign up for a one hour virtual technical assistance meeting or workshop with PeopleFund, covering disaster response planning, financial assistance sources or other relevant topics

 


* A residence-based location may be acceptable provided applicant certifies that it offers services primarily within Hays County.

 

Required Documents
  • Completed application
  • Copies of payroll evidence for January and February 2020
  • Copies of business governance documents such a partnership or LLC agreement or similar type of documentation need to be made available to prove current ownership and the authorization to enter into this transaction
  • List of Beneficial Owners owning greater than ten percent (10%)
  • Submittal will include the following financial information:

a. Profit and Loss Statements (by month if possible) through the end of March 2020.

b. Use of funds statement certifying that funding shall only be used for those items for which ECAP funding is permitted).  (See list of available uses for grant above in the Award Amount section)

Award Process

A nine-member award committee, comprised of representatives from the cities within Hays County and selected by Hays County, shall review and consider applications for funding bi-monthly. In order to be granted an ECAP Fund award, seventy-five percent (75%) of the award committee must vote to approve an application (the “Approval Threshold”). Applicants will then be notified within three business days of the decision.

 

For assistance navigating the application process, please call 512-222-1016 or fill out this inquiry form.

Disclaimer:  THIS PROGRAM IS SUBJECT TO AVAILABILITY OF FUNDS AND WILL BE OFFERED ON A FIRST-COME-FIRST-SERVE BASIS TO THOSE BUSINESSES WHO MEET ALL OF THE REQUIREMENTS OF THE PROGRAM.

Administrators of this Program shall NOT discriminate against any applicant for participation in the Program because of race, religion, color, sex or national origin.

No official or employee of the County, no employee or relative of the Administrators of the Program, and no person who exercises any functions or responsibilities in the review or approval of the Program shall participate in any decision which affects his or her personal pecuniary interest, nor shall any official of the County benefit, directly or indirectly, from the distribution of funds under this Agreement.

Combinable Resources

Small businesses can take advantage of additional resources in Hays County in combination to this grant fund, including the following partners:

COVID-19 RESOURCES: Find regional resources and updates for businesses here. Go To Info