Governor Greg Abbott announced that the newest list of approved financial institutions participating in the Texas Small Business Credit Initiative Program is available online as well as a new, simplified application process for financial institutions. The TSBCI Program supports small business growth and helps create new jobs through increased access to small business funding. The Program is administered by the Economic Development Finance Division of the Governor’s Economic Development & Tourism Office, on behalf of the U.S. Department of the Treasury. There is the potential of up to $472 million available through the program. Through participating financial institutions, Texas administers two TSBCI loan programs: The Capital Access Program (CAP) with loans of $5,000 to $5 million and the Loan Guarantee Program (LGP) with loans of $5,000 to $20 million. Financial institutions interested in participating in the Program may navigate the new, simplified application process by launching the TSBCI Portal at: tsbci.gov.texas.gov.
The list of approved financial institutions participating in the TSBCI Program can be found on the TSBCI website.