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  • Financing & Capital for Small Businesses

Financing and Capital for Small Businesses

The Governor’s Office of Small Business Assistance works closely with a variety of partners to facilitate small businesses accessing capital. Key funding sources include:

U.S. Small Business Administration

The U.S. Small Business Administration (SBA) provides counseling, capital and contracting expertise. It offers loans and training to help small businesses to grow and optimize opportunity. It also provides disaster loans during times of crisis. The SBA has six offices in Texas. For more information, please visit the below links to each district office:

  • Dallas/Fort Worth
  • El Paso
  • Harlingen
  • Houston
  • Lubbock
  • San Antonio

Texas Angel Investors

There are many angel investor networks in Texas. The Alliance of Texas Angel Networks site can show you which networks are near you. Angel investors are private individuals who typically provide equity funding for start-ups, entrepreneurs and fast-growing young businesses. They provide their own money in return for shares in the company.

Non-Profit Lenders

Community Development Financial Institutions (CDFIs) are non-profit lenders. They offer favorable terms, such as low interest rates, as well as advice, mentoring and workshops. They focus on lending to disadvantaged businesses and entrepreneurs. Some non-profit lenders in Texas include:

  • BCL of Texas 
  • LiftFund 
  • PeopleFund 

Find your nearest CDFI using the online locator.

Texas Workforce Training Grants

The Texas Workforce Commission (TWC) offers the Skills for Small Business grant. This supports businesses with fewer than 100 employees and incentivizes training for new, full-time workers. Support is also available to upgrade the skills of existing full-time workers. Training is provided through community or technical colleges, or the Texas Engineering Extension Service (TEEX). 

Federal Grants

Grants.gov catalogs federal grants and provides additional information for those interested in applying. Some grant providers require applicants to register on The System for Award Management (SAM). For research and development focused businesses, the Small Business Innovative Research and Small Business Technology Transfer Funding programs may be of interest.

United States Department of Agriculture (USDA)

USDA’s business programs provide financial backing and technical assistance to stimulate rural business creation and growth. Loans, loan guarantees and grants are available to individuals, businesses, cooperatives, farmers and ranchers, public bodies, non-profit corporations, Native American Tribes and private companies in rural communities. For more information, please visit the USDA website.

Managing Cash-Flow

SCORE provides excellent information on financial management for small businesses and many templates for cash-flow spreadsheets and projections. You can also get a SCORE mentor, at no cost, to help you with business challenges.

The SBA also offers a guide on advice and tools for managing business finances.

Product Development and Small Business Incubator Fund

The Product Development and Small Business Incubator Fund (PDSBI) is a program offering long-term, asset-backed loans to product development companies, specifically in manufacturing. The primary objective of the program is to aid in the development, production and commercialization of new or improved products in the state.

COVID-19 Resources

For information on resources and funding available to small businesses affected by the COVID-19 crisis, visit our Coronavirus webpage.

In This Section

Small Business

  • Governor’s Small Business Resource Portal
  • Small Business Webinars & Events
  • Start a Business
    • Frequently Asked Questions
  • Moving Your Small Business to Texas
  • Business Permit Office
  • Financing & Capital for Small Businesses
  • Public Procurement & HUB Resources
  • Veteran, Minority & Women Owned Business Resources

The Governor's Small Business Resource Portal

The Small Business Resource Portal provides a customized list of useful resources to help start or grow a business in Texas.

Governor's Small Business Handbook

The Small Business Handbook provides a comprehensive overview of business planning, registration, requirements and financing.

Sign up for Small Business Emails

Email Address is required and must be in the format email@domain.com

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