President Biden announced important changes to the PPP, including a two-week window for businesses with fewer than 20 employees.

San Antonio Lenders

Small Business Investment Companies

The Small Business Investment Company (SBIC) program. SBICs, licensed by the Small Business Administration, are privately organized and privately managed investment firms. They are participants in a vital partnership between government and the private sector economy. With their own capital and with funds borrowed at favorable rates through the Federal Government, SBICs provide venture capital to small independent businesses, both new and already established.

Certified Development Companies in Texas

The 504 Certified Development Company (CDC) Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community or region. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. There are about 290 CDCs nationwide. Each CDC covers a specific area.

Preferred , SBAExpress, Patriot Express and Community Express Lenders Headquartered in Texas:

  • Preferred Lenders

  • SBA Express Lenders

  • Patriot Express Lenders

  • Community Express Lenders

Approved MiroLoan Participants

The MicroLoan Program was developed to increase the availability of very small loans to prospective small business borrowers. Under this program, the SBA makes funds available to nonprofit intermediaries, who in turn make loans to eligible borrowers in amounts that range from under $100 to a maximum of $25,000. The average loan size is $10,000. Completed applications can usually be processed by the intermediary in less than one week.

Also See

SBA's National HUBZone site for a description of the HUBZone Program, including how to find out if you are located in a HUBZone, and how to apply for HUBZone Certification.