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Access to Capital

Financing
San Patricio County is home to numerous institutions providing financial assistance to companies within the community. While San Patricio EDC does not offer any financing, our organization maintains a growing list of resources and partners that are here to assist a wide variety of companies. Whether your company is small or large, domestic or international, we can assist you in finding institutions to help you establish and grow your business in San Patricio County.

The following organizations provide financial products and assistance for new businesses in the region;

State of Texas Programs
The State of Texas Office of the Governor, Economic Development & Tourism department, has outlined Texas incentive programs, financing, and grants that can be used to support job creation. These programs can be found online at http://governor.state.tx.us/ecodev/edt_incentives/.

These programs include the Texas Enterprise Fund, Texas Emerging Technology Fund, Tax incentives and grants to support companies expanding and relocating to Texas.

U.S. Small Business Administration Guaranteed Loan Programs (Debt Financing)
SBA does not make direct loans to small businesses. Rather, SBA sets the guidelines for loans, which are then made by its partners (lenders, community development organizations, and microlending institutions). The SBA guarantees that these loans will be repaid, thus eliminating some of the risk to the lending partners. So when a business applies for an SBA loan, it is actually applying for a commercial loan, structured according to SBA requirements with an SBA guaranty. SBA-guaranteed loans may not be made to a small business if the borrower has access to other financing on reasonable terms.

Here is a direct link to SBA’s loan programs: http://www.sba.gov/loanprograms