713-627-3200
On This Page
The Business Loan Fund helps finance new or expanding small businesses when traditional funding isn't available or isn't enough.
Loan Program Highlights
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.
One job must be created for every $65,000 of loan funds.
| Product Name/Type | Min/Max Size | Interest Rate Range | Term | Eligible Uses |
|---|---|---|---|---|
| Micro Enterprise Loans | $10,000 up to $50,000 | 4% to Fed plus 3% based on risk |
60 months | Inventory, non-real estate capital expenditures, working capital, fixed assets, and heavy equipment |
| Small Business Loans | $50,001 up to $300,000 | 4% to Fed plus 6% based on risk |
5–10 years | Inventory, non-real estate capital expenditures, working capital, fixed assets, and heavy equipment |
| Commercial Real Estate Loans | $50,000 to $1.5 million |
4% to Fed plus 6% based on risk |
5–10 years | Commercial Real Estate |
| Financial Products | Associated Development Services | Community Development Objectives | Community Development Goals |
|---|---|---|---|
| Micro Enterprise Loans Small Business Loans Commercial Real Estate |
Workshop and Webinar Series |
|
|
Fair Lending Statement
The Houston-Galveston Area Council and its subsidiaries the Gulf Coast Economic Development District and the Houston-Galveston Area Local Development Corporation are committed to treating all applicants and borrowers fairly, consistently and equitably in all eligibility determination, credit analysis, lending and servicing practices while complying with all applicable fair lending laws and regulations.