Small Business Grants in Texas
Small business owners searching for grants to help with business development should look to their local and state governments for such financial aid. Many states, including Texas, receive federal funding to help with small business needs such as expanding a child care center or converting properties to energy-efficient technology. The Texas state government's small business portal is an ideal point to start looking for small business funds, but many other agencies and nonprofit organizations are also available.
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Business Investment Growth, BiGAUSTIN
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The nonprofit organization BiGAUSTIN is a community development financial institution that funds and holds training courses for small businesses in Central Texas. It also targets businesses owned by minorities or women, and will offer new businesses a maximum of $15,000 in funding, while established companies can be eligible for a maximum of $50,000.
Business Investment Growth, BiGAUSTIN
1050 East 11th St., Ste 350
Austin TX 78702
512-928-8010
bigaustin.org
Rural Assistance Center: Texas Small Business Loan Fund
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The Texas Department of Rural Affairs accepts applications continuously through the year to aid rural businesses with up to 100 employees get access to financing. The main condition is that for every $25,000 that the small business receives, at least one job must be generated or maintained for a low to medium income individual. Funds start at $50,000 and go up to $100,000.
Rural Assistance Center
School of Medicine and Health Sciences Room 4520
501 North Columbia Road Stop 9037
Grand Forks, ND 58202-9037
800-270-1898
raconline.org
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Accion Texas
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Accion Texas is a nonprofit organization that provides financing for small businesses that are solvent, have been in existence for at least 12 months or have an existing alternative income stream and have not yet obtained loans from other commercial entities. Accion Texas provides $500 to $25,000 of funds to new or existing businesses.
Accion Texas
912 S. Highway 183
Austin, TX 78741
866-312-3771
acciontexas.org
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References
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