The Business Loan Fund helps finance new or expanding small businesses when traditional funding isn't available or isn't enough.

The Business Loan Fund is administered by the Houston-Galveston Area Local Development Corporation.

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.

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.