Business Loan Fund
How the Business Loan Fund Process Works
Funds are available for projects located in the following Texas counties: Austin, Brazoria, Chambers,
Colorado, Fort Bend, Galveston, Harris, Liberty, Matagorda, Montgomery, Walker, Waller, and Wharton.
The Business Loan Fund helps finance new or expanding small businesses when traditional funding isn't available or isn't enough. All applicants must have applied for funding from a private lending institution before being considered for the Business Loan Fund.
Loan amounts range from $100,000 to $300,000. Higher loan amounts may be considered under special circumstances. A 10% minimum down payment is required.
The Business Loan Fund offers interest rates starting at 4% and repayment terms up to 10 years.
One job must be created for every $65,000 of loan funds.