C4T program expanding opportunities for small Texas businessesC4T program expanding opportunities for small Texas businesseshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=131052016-05-06T05:00:00Z2016-05-06T16:00:00Z

​​AUSTIN – The Texas Department of Agriculture (TDA) yesterday announced a new partnership designed to increase access to capital for small businesses in rural Texas communities and enable private entrepreneurs to create jobs.​

TDA will work with PeopleFund, LiftFund, and Business and Community Lenders of Texas on the new Capital For Texas (C4T) small business loan program.

“With more than 2.2 million small businesses in Texas, it’s important we work together to empower them to grow jobs in Texas,” Agriculture Commissioner Sid Miller said. “Through innovative programs like the Capital For Texas small business loan program and today’s small business forum, we are giving Texas businesses an opportunity to expand and grow their operations right here in the Lone Star State.”

C4T is a product of the U.S. Department of the Treasury’s State Small Business Credit Initiative. This program supports TDA’s goals of encouraging economic growth in rural communities by providing financing options to small businesses and manufacturers that are creditworthy but are not getting the loans they need to expand and create jobs.

Loans for the C4T program will range from $5,000 to $350,000, with an average investment of less than $100,000.

Texas Department of Agriculture
https://texasagriculture.gov/NewsEvents/NewsEventsDetails/tabid/76/Article/3487/New-Capital-For-Texas-Program-Expands-Opportunities-For-Small-Businesses-in-Tex.aspxRead more at {Source}

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