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Texas Small Business Loan Fund
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Program
web site |
http://www.orca.state.tx.us/index.php/Economic+Dev
elopment/Grant+Fact+Sheets/Small+Business+Loan+Fun
d
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| Sponsor |
Texas Department of Rural Affairs |
| Deadlines |
Applications accepted on an ongoing basis |
| Purpose |
The Small Business Loan Fund was created to provide a tool for rural communities to assist their small businesses access capital by providing awards to eligible cities and counties for loans to businesses with 100 or fewer employees.
The goal of the Program, as stated in the Housing and Community Development Act of 1974 (as amended), is "the development of viable communities ... by expanding economic opportunities, principally for persons of low and moderate income."
Grants are awarded to eligible cities and counties on a statewide competitive basis to address economic development needs. Businesses receiving a loan from the Small Business Loan Fund must commit to create or retain at least one job for every $25,000 borrowed primarily for low to moderate income persons. |
| Eligibility |
Eligible applicants include all incorporated cities and towns, except for the entitlement municipalities. All non-entitlement counties are eligible to apply for projects within their non-entitlement area. |
Geographic
coverage |
Texas |
Amount of
funding |
$50,000 - $100,000. |
Application
process |
The grant application may be downloaded from the Program web site. |
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For more information contact:
Heather Lagrone at mailto:hlagrone@orca.state.tx.us Summaries of funding programs are provided by RAC for your convenience. Please contact the funder directly for the most complete and current information. |
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