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Find similar grantsTexas Small Business Credit Initiative (TSBCI) is sponsored by U.S. Department of the Treasury (administered by the State of Texas). The Texas Small Business Credit Initiative (TSBCI) seeks to foster small business development and job creation by enhancing access to capital.
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Texas Small Business Credit Initiative 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 For more information about the federal SSBCI program, please visit the U.S. Department of the Treasury’s website. Additional guidance, forms and other resources related to Texas' TSBCI program will be posted at the program website as details become available.
According to the current listing, eligibility includes: Small businesses based in Texas (or with at least 51% of employees in Texas) with fewer than 500 employees. Focus on traditionally underserved businesses and those affected by the COVID-19 pandemic. Confirm the full requirements in the official notice before applying.
The current listing shows potential to receive more than $472 million for the state of Texas. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Texas Small Business Credit Initiative (TSBCI) is funded by U.S. Department of the Treasury (administered by the State of Texas). 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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