Business
Bank Of America Commits over $1 Million To Liftfund to Support Hill Country Flood Recovery
LiftFund, a leading nonprofit small business lender, today announced a significant commitment from Bank of America to support small businesses recovering from recent devastating floods in Texas's Hill Country. The bank's contribution of $1 million in lending capital and an additional $100,000 for LiftFund disaster relief operations brings the total funding raised for LiftFund's relief efforts to over $5 million.
About this update from Bank Of America Corporation
[{"type":"text","content":"Funding Bolsters Small Business Relief in Texas Disaster Areas as Other Aid Deadlines Close ","length":91,"tagName":"p","attribs":{}},{"type":"text","content":"SAN ANTONIO, Sept. 24, 2025 /PRNewswire/ -- LiftFund, a leading nonprofit small business lender, today announced a significant commitment from Bank of America to support small businesses recovering from recent devastating floods in Texas's Hill Country. The bank's contribution of $1 million in lending capital and an additional $100,000 for LiftFund disaster relief operations brings the total funding raised for LiftFund's relief efforts to over $5 million.","length":471,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Bank of America Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Bank of America Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":218,"url":"https://media.zenfs.com/en/prnewswire.com/4d6fb45aaf101b6a5768c6209ac29c98"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vBL7vueTUitsFOJUBxvDrQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM4NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/4d6fb45aaf101b6a5768c6209ac29c98","width":400,"height":218}},"href":"https://mma.prnewswire.com/media/1612970/Bank_of_America_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"This critical investment comes as the deadline for federal assistance from FEMA and Disaster Unemployment Assistance (DUA) closed earlier this month, and now continues to provide access to capital for small businesses as they navigate the long-term recovery process.","length":266,"tagName":"p"},{"type":"text","content":"LiftFund's 0% interest rate loans remain open and available to those affected by the disaster. The funding is available to small businesses in all counties declared disaster areas by the State of Texas following the July flooding. These counties include Bandera, Coke, Comal, Concho, Gillespie, Kendall, Kerr, Kimble, Llano, Mason, McCulloch, Menard, Reeves, San Saba, and Tom Green.","length":392,"tagName":"p"},{"type":"text","content":""The support from Bank of America is a powerful statement of commitment to our communities," said Amy Hereford, President and CEO of LiftFund. "This funding ensures that small business owners, who are the backbone o...