Bank of America donates $1mln, $100k for LiftFund's disaster relief efforts in Texas

LiftFund, a nonprofit small business lender, has received $1 million in lending capital and $100,000 for disaster relief operations from Bank of America. This brings the total funding for LiftFund's relief efforts to over $5 million, providing 0% interest rate loans to small businesses affected by recent floods in Texas's Hill Country. The funding is available to all counties declared disaster areas, as federal assistance deadlines have closed.

San Antonio, September 12, 2025 — Bank of America (NYSE: BAC) has committed over $1.1 million to LiftFund to support small businesses affected by the Texas Hill Country floods. The contribution includes $1 million in lending capital and an additional $100,000 for operational funding, bringing the total funding raised for LiftFund's relief efforts to over $5 million Bank Of America Commits over $1 Million To Liftfund to Support Hill Country Flood Recovery^[1].

This significant investment comes as the deadline for federal assistance from FEMA and Disaster Unemployment Assistance (DUA) has closed, making access to capital crucial for small businesses navigating the long-term recovery process. The 0% interest rate loans provided by LiftFund are available to small businesses in all counties declared disaster areas by the State of Texas following the July flooding, including Bandera, Coke, Comal, Concho, Gillespie, Kendall, Kerr, Kimble, Llano, Mason, McCulloch, Menard, Reeves, San Saba, and Tom Green Bank Of America Commits over $1 Million To Liftfund to Support Hill Country Flood Recovery^[2].

"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 of our local economies, have the last-mile resources they need to get back on their feet when other doors for assistance may be closing." The additional $100,000 for LiftFund operational funding is crucial to the success of the mission, covering essential expenses to maintain adequate staff for hands-on technical assistance and underwriting, ensuring the quality and accountability of the funds distributed Bank Of America Commits over $1 Million To Liftfund to Support Hill Country Flood Recovery^[3].

"As the region rebuilds, Bank of America stands with Texans as a partner in community and in recovery," said Ventura Perez, Bank of America San Antonio. "We understand that small businesses are a vital part of the Hill Country's economic future and as the number one lender to small businesses in the U.S., how important it is to provide access to capital directly and through organizations like LiftFund, a longstanding partner to Bank of America" Bank Of America Commits over $1 Million To Liftfund to Support Hill Country Flood Recovery^[1].

Small business owners affected by the Hill Country floods are encouraged to visit the program website to apply or call 888-215-2373 for assistance. Applications for the 0% interest loans will remain open while funding is available.