TX State - Texas Small Business Credit Initiative (TSBCI) / Forney Economic Development Corporation

Summary

The objective of the Texas Small Business Credit Initiative (TSBCI) is to support state programs that provide resources to 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. The TSBCI is expected to be allocated more than $472 million and the State of Texas is focused on staying apprised of the latest program information released by the U.S. Department of the Treasury.

The TSBCI web portal is now open for financial institutions to apply for participation. Accepted institutions will be listed under the Resources section on this webpage.

Socially and Economically Disadvantaged Individuals (SEDI), Very Small Businesses (VSB), and other business owners should encourage their preferred lenders to join TSBCI. Texas offers two programs through participating institutions: the Capital Access Program (CAP) and the Loan Guarantee Program (LGP), available to businesses with 499 or fewer employees.

These programs aim to support small business growth, job creation, and particularly assist businesses impacted by COVID-19. TSBCI is managed by EDT’s Economic Development Finance Division within the Office of the Governor, in collaboration with the U.S. Department of the Treasury.

For more information on the federal SSBCI program, visit the U.S. Department of the Treasury’s website. Additional resources related to TSBCI will be posted as they become available.