|Agency/Phone||Programs and Services|
Accion Texas Inc. is a designated community development financial institution, or CDFI. CDFIs finance community businesses, including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing.
Accion offers small business loans from $500 to $250,000 and, in Texas under the SBA 504 program, businesses also may apply for loans as large as $5 million to finance their commercial real estate and equipment needs. Click here to see loan products.
|Ark-Tex Council of Governments
Ark-Tex Council of Governments offers several loan programs designed to help in economic development projects. The purpose of the projects is to create and retain jobs in the region.Ark-Tex Regional Development Company (ATRDC).
The Ark-Tex Regional Development Company (ATRDC) is an SBA Priority Certified Development Company established in 1982 specializing in financing for owner occupied commercial real estate projects. Our organization is very familiar with the hotel/motel industry in Texas and has extended SBA 504 financing for projects.Loan Programs:
|PeopleFund provides small business loans as well as business assistance and education to people with otherwise limited access to such resources. People Fund is a Community Development Financial Institution (CDFI) and operates as a non-profit 501(c) (3) serving all of Texas.PeopleFund provides financing to deserving but underserved small businesses and nonprofits for equipment purchases, permanent working capital term loans, revolving lines of credit, and real estate. With flexible underwriting and no pre-payment penalties, we offer interest rates that range from 8% to 15% and terms of up to 60 months (longer in special cases).|
|Texas Rural Communities, Inc.
Texas Rural Communities, Inc. (TRC) makes a long-term commitment to assisting rural communities, individuals, groups and support organizations in creating, sustaining and enabling self-sufficient, viable rural development enterprises that improve or maintain the quality of rural life, through independent and cooperative ventures.
TRC provides loan opportunities in rural areas for individuals or groups who have had difficulty accessing funding through other sources.
Loan Program Summary
An applicant for a TRC loan must complete the appropriate documentation and/or business plan, repayment plan, and a credit application. Applicants are required to work through their local small business development centers to prepare a commercial loan application package. Click here for more information.
|Source: Accion Texas (www.acciontexas.org/accion-loans-small-business); Ark-Tex Council of Governments (www.atcog.org/); PeopleFund (http://peoplefund.org/); Texas Rural Communities, Inc. (www.texasrural.org), as of January 2013|