Open Applications for Small Business Microloans Through Triple ‘R’ Fund

The Houston-Galveston Area Council (H-GAC), in partnership with Fort Bend County, the Gulf Coast Economic Development District (GCEDD), and the Houston-Galveston Area Local Development Corporation (H-GALDC), has officially opened the application window for the Fort Bend Triple ‘R’ (Regional, Revolving, Resilience) Loan Program.

As small business owners cross the mid-year finish line and analyze their half-year metrics, accessing flexible capital remains a top priority to map outgrowth for the remainder of the year. The Triple ‘R’ Revolving Loan Fund is designed to bridge the gap for existing small businesses and startups in Fort Bend County that may not qualify for traditional bank financing. Eligible businesses can apply for up to $50,000 in microloan funding with fixed interest rates as low as four percent and flexible repayment terms ranging from five to 10 years.

The Triple ‘R’ Loan Program portfolio supports a wide variety of operational and growth-related expenses, including:

• Working Capital: Funding for payroll, marketing, rent, utilities, and daily operations.
• Asset & Infrastructure Expansion: Capital for equipment purchases, inventory acquisition, and software upgrades.
• Business Resilience: Funds to help existing local establishments scale safely and weather economic shifts.

How the Application Process Works

To ensure equitable access to available financing, H-GALDC will use a randomized selection process. Applications will not be evaluated on a first-come, first-served basis; instead, all submissions will be pooled together.

Applicants randomly selected to advance to the underwriting phase will then be contacted by program staff to upload supporting documentation, such as business tax returns, personal financial statements, and financial projections.

Eligibility and Deadlines

To qualify for the program, the applying business must be an existing establishment or startup physically located within Fort Bend County. Additionally, the business net worth must be less than $15 million, with an average net income of less than $5 million.

To review eligibility requirements, explore program details, and submit an application, please visit the official portal at http://bit.ly/tripler-press. For specific questions regarding the application workflow, business owners may contact the lending team directly at [email protected] or call 855-364-2516.