Overview

• Governor Greg Abbott announced the latest list of approved financial institutions for the Texas Small Business Credit Initiative (TSBCI).
• The initiative aims to support small business growth and job creation with up to $472 million in potential funding.
• The TSBCI offers two loan programs: the Capital Access Program with loans up to $5 million, and the Loan Guarantee Program with loans up to $20 million.
• Eligible small businesses must be for-profit, domiciled in Texas, and have at least 51% of employees in the state.
• The program prioritizes traditionally marginalized businesses and those impacted by the COVID-19 pandemic.