Texas Small Business Credit Initiative

Texas Could Receive Over $472M in SSBCI Funds To Increase Access to Capital for Small Businesses

by | Mar 15, 2023
Under the SSBCI, Texas now has the potential to receive more than $472 million in U.S. Treasury Department funds to operate two programs. One is a capital access program, which will provide portfolio insurance for business loans and has been allocated $118 million. The other is a loan guarantee program that will increase access to capital for Texas small businesses—and that's being allocated $354.1 million.