Texas Small Business Credit Initiative approves list of participating institutions

AUSTIN, Texas (KAUZ) – Texas Governor Greg Abbott discussed the latest list of approved institutions for newest list of approved financial institutions participating in the Texas Small Business Credit Initiative Programs on Wednesday, touting the impact of small businesses in Texas.

“Small businesses are the very backbone of the mighty Texas economy,” Governor Abbott said. “Nearly half of all Texans are employed by the more than 3 million small businesses in our great state. I encourage Texas financial institutions to participate in the Texas Small Business Credit Initiative Program and apply through the simplified application process. Small businesses should contact an approved participating financial institution to ask about loan details. Greater access to financing and affordable loans for Texas small businesses means more job growth and more paychecks for more Texas families.”

TSBCI facilitates two loan programs for amounts between $5000 and $20 million for small businesses. The list of approved financial institutions participating in the TSBCI Program can be found on the TSBCI website.

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