4 Small Business Grants in Texas

Small Business Grants in Texas Small Business Grants in Texas

Small Business Grants in Texas

Texas, apart from being one of the larger states, is also one of the most prosperous in the country too.

According to reports, the state has received over US$ 55,670 million in grants, with nearly US$ 35,330 million received in local funding.

The majority of these funds are put to help boost small, family-owned businesses in the state of Texas.

This is an effort to strengthen the economic foundation of the state. There are more than 392,370 small-sized businesses operating in Texas right now.

Starting a new business anywhere can be tough. More than 57,800 businesses declare bankruptcy every year in Texas. The reasons may vary.

However, lack of sufficient funding remains one of the major factors that small businesses fail to launch successfully.

If you are an entrepreneur or own a small-sized business in Texas, then you’ve come to the right place.

In this article, we shall outline some of the best sources to secure small business grants in Texas.

Top 4 Small Business Grants Texas

Let’s take a look at the top sources to secure small business grants in Texas:

Top 4 Small Business Grants in Texas

Top 4 Small Business Grants in Texas

1 – Head Start / Early Head Start Recipient – Communities in the State of Texas

The US Department of Health and Human Services (DHHS), along with the Administration for Children and Families – OHS offers public funding through its Head Start/Early Head Start Recipient – Communities in the state of Texas initiative.

The eligibility criteria for this small business grant include:

  • State governments
  • County governments
  • Township/City governments
  • Independent school districts
  • State and Public controlled institutions of higher education
  • Native American tribal governments (Federally recognized)
  • Public housing authorities
  • Indian housing authorities
  • Nonprofit organizations with/without 501(c)(3) status with IRS
  • Private institutions of higher education
  • For-profit organizations
  • Small businesses

This small business grant in Texas awards for 2 (two) selected recipients every year. Each successful applicant is set to receive up to US$ 5,200,163 in funding.

To learn additional details of the application process for this small business grant in Texas, you can visit the official website at https://www.usgrants.org/sign-up.

2 – American Indian / Alaska Native Head Start Grantee

The American Indian/Alaska Native Head Start Grantee (Polk County, Texas) is a combined initiative by the US Department of Health and Human Services (DHHS) and Administration of Children and Families – OHS.

The eligibility criteria for this grant include:

  • County governments
  • State governments
  • Township/City governments
  • Independent school districts
  • State or Public controlled institutions of higher education
  • Native American tribal governments (Federally recognized)
  • Public housing authorities
  • Indian housing authorities
  • Native American Tribal organizations (apart from Federally recognized tribal governments)
  • Nonprofit organization with/without 501(c)(3) status with the IRS (except higher education institutes)
  • Private institutions of higher education
  • For-profit organizations
  • Small businesses

The department offers this grant to only 1 (one) recipient each year. The lucky recipient received up to US$ 754,200 as funding to boost their small business.

To learn more details about this small business grant in Texas and its application process, you can choose to visit the official website at https://www.districtofcolumbiagovernmentgrants.org/opportunity/

3 – Business Investment Growth – Big Austin

Big Austin is certified by the US Department of Treasury as a CDFI (Community Development Financial Institution). It has been engaged in the unique financial needs of new and budding entrepreneurs through loans.

This is a local, nonprofit micro-lender and offers a streamlined process for loan applicants. This makes Big Austin a top choice for small business loans in Texas.



Under this initiative, a startup business being operated for less than 3 months can receive as much as US$ 15,000 in the loan amount.

Existing small businesses, which have been running for over 12 months, can receive up to US$ 50,000 in fund amount.

These loans have a payback period ranging between 1 to 6 years. Recipients can choose to repay the minimal direct costs related to the loan process.

For details on eligibility criteria and the direct application process, you can visit the official Big Austin website at https://www.bigaustin.org/lending.

4 – Capital CDC’s SBA 504 Loan Program

The Capital CDC offers various types of small business loans in Texas. These loans are aimed to grow the local economies by providing small businesses with affordable, commercial real estate financing.

This platform also allows you to apply for, and receive, long-term real property SBA 504 Loan or the 7(a) Community Advantage Loan. The website also offers an in-depth guide to navigating the loan application process too.

To learn additional details of this small business loan opportunity in Texas, feel free to visit the official website at https://www.capitalcdc.com/resource-center/information-for-small-business-owners.

Conclusion

These are the top four places to seek small business grants in Texas. There are many others where you can seek low-interest commercial business loans for your startup or small business.

You can do a quick online search and find the nearest resource that offers small business grants in Texas.

However, make sure that you fulfill all specific eligibility criteria before applying for any small business grant or loan in the state of Texas.

See Also

Nursing Schools in Texas

Covid 19 Small Business Grants

Illinois Small Business Grants

Small Business Grants in NC

NJ Small Business Grants

Small Business Grants in Florida

Small Business Grants in Alabama

Small Business Grants for Women

Follow us

Leave a comment

Your email address will not be published.


*