Learn More about CDFI's and Small Business Resources in Texas see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
ACCION Texas, Inc.
Azteca Community Loan Fund
Bexar County Teachers Federal Credit Union
Community Development Corp. of Brownsville
Community Development Loan Fund
Community Development Loan Fund (CDLF)
Covenant Savings Federal Credit Union
Dallas Development Fund
Neighborhood Housing Services of Dimmit County, Inc.
PACESETTER CDE INC
Rural Development and Finance Corporation
Texas Community Capital
Wells Fargo Bank
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.