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Find similar grantsTexas Small Business Credit Initiative (TSBCI) Program is sponsored by Texas Economic Development & Tourism Office. This opportunity supports mission-aligned projects and measurable outcomes.
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UPDATE: Texas Small Business Credit Initiative UPDATE: Texas Small Business Credit Initiative Office of the Governor Texas sent this bulletin at 03/15/2023 09:00 AM CDT Having trouble viewing this email? View it as a Web page .
Dear Texas Small Business Credit Initiative Stakeholders, We are pleased to announce that the U.S. Department of the Treasury has approved Texas' application for funding through the State Small Business Credit Initiative (SSBCI).
Texas has the potential to receive more than $472 million to operate two programs—a capital access program (CAP) and a loan guarantee program (LGP)—that will increase access to capital for Texas small businesses. The CAP, allocated $118 million, will provide portfolio insurance for business loans, and the LGP, allocated $354. 1 million, will provide loan guarantees.
Together, the CAP and LGP will constitute the Texas Small Business Credit Initiative (TSBCI) program. TSBCI will assist small business growth and create new jobs through increased access to small business funding. In addition, the program will assist small businesses that are traditionally marginalized and those that have been impacted by the COVID-19 pandemic.
TSBCI is administered by the Texas Economic Development & Tourism Office, within the Office of the Governor, on behalf of the U.S. Department of the Treasury. Interested parties may review the rules posted March 10 at the Texas Secretary of State's Office website and provide comment within 30 days to tsbci@gov.texas. gov .
Please do not hesitate to reach out to the TSBCI team at tsbci@gov.texas. gov if you have any questions. Thanks for all you do for the great State of Texas!
Texas Economic Development & Tourism The Texas Economic Development & Tourism Office markets Texas as one of the world's premier business locations and travel destinations. For more information on doing business in Texas, visit us online at gov.texas. gov/business .
According to the current listing, eligibility includes: Small businesses with fewer than 500 employees, for-profit organizations domiciled in Texas, with at least 51% of employees located in Texas. Confirm the full requirements in the official notice before applying.
Texas Small Business Credit Initiative (TSBCI) Program is funded by Texas Economic Development & Tourism Office. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Texas. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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