Small Business Grants Texas

Small Business Grants Texas

Texas business owners need monetary help for several reasons. It may need financial backing, COVID-19 relief, business growth, and community development. 

Private companies and nonprofit organizations may need funds to add diversity and inclusivity to the workplace.

Grants for small businesses in Texas come in all sizes. They are often available through federal, state, and local government agencies. Yet, the application process, eligibility requirements, and fees vary.

Texas business owners should visit the grant's official website often. Check for specific details, closing dates, and new grant programs. Eligibility criteria and deadlines are subject to change.

What To Look For In A Small Business Grants?

Small business owners in Texas want to find the best loan programs for their business needs. Be realistic and understand the grant program requirements before applying for a loan.

To find the right one, visit government websites, review loan qualifications, and check:

  • It provides the right amount of funds
  • It covers company needs
  • It is free or low-interest rates
  • It has little to no application fees
  • It has repayment deadlines the business owner can meet

Start-ups or businesses that cannot find a grant can choose another funding option:

  • Micro-lenders
  • Friends and family
  • Personal business loans
  • Venture capital
  • Crowdfunding
  • Credit cards
  • The key is to get the financial help the company needs to succeed.
Also See: Additional Small Business Grants

Government Grants For Small Businesses In Texas

1. Young Farmer Grant Program

The Young Farmer Grant Program offers up to $20,000 to support and grow Texas agriculture. The program is open to individuals between 18 and 45 years old. It has a 1:1 match requirement. Thus, the farmer must match the grant amount through fundraising or other methods.

2. SBA Business Development Program

The SBA offers a development program to socially or economically disadvantaged small businesses. These companies are eligible to receive help with training and management.

The small business must be at least 51% owned by a citizen subjected to cultural bias. The owner must be at an economic disadvantage because of race or ethnicity.

3. Product Development and Small Business Incubator Fund (PDSBI) 

The PDSBI is a program that offers long-term, asset-backed loans.

The fund is for product development companies that are in manufacturing. It helps companies grow, produce, and distribute new or enhanced products in the state. 

Since it is for a specific company type, check business eligibility requirements.

4. The USDA Rural Business Enterprise Grant Program

The USDA Rural Business Enterprise Grant Program is for the growth of small businesses in rural Texas. 

The business must be in rural communities, have only 50 employees, and have less than $1 million in revenue. The grant ranges from $10,000 to $500,000, and businesses can use it for different reasons.

5. Texas Workforce Commission Skills (TWC) for Small Business Program

TWC for Small Business Program offers small business owners up to $1,800. The funds are to train new employees. 

The small business must have only 100 employees, and the grant amount is up to $1,800 for each new employee. It also offers $900 for existing workers per 12-month period. 

Training must be at a:

  • Public community
  • Technical college
  • The Texas A&M Engineering Extension Service
  • Eligible training includes: 
  • For-credit
  • Continuing education
  • Online courses

6. Small Business Emergency Grant Program

The Fort Bend County Commissioners Court approved a small business emergency grant program. The program provides businesses affected by COVID-19 with up to $25,000. 

The small business must prove a revenue decline of 25% or more. It must also provide two years of completed tax returns.

7. National Minority Supplier Development Council (NMSDC)

The NMSDC focuses on expanding business opportunities for certified minority-owned businesses.

It operates the Business Consortium Fund, a nonprofit business development program. The NMSDC offers financing programs and business advisory services for its members.

8. Operation Hope Small Business Empowerment Program

Operation Hope Small Business Empowerment Program helps entrepreneurs in low-wealth neighborhoods. The program offers business training, financial counseling, and access to small-business financing options. 

Participants must complete a 12-week course that covers:

  • Business training
  • Financing workshops
  • Credit money management

9. Texas Small Business Grants for Veterans

Texas Small Business Grants for Veterans is for Veterans currently living in Texas. They can apply for various types of veteran small business grants and benefits. 

Other eligibility requirements for this grant include:

  • Veterans enlisted in the military, naval, or air force before September 7, 1980. or Veterans enlisted in the military, naval, or air force after September 7, 1980. 
  • Must have at least 24 months of active duty.
  • To apply for veteran grants in Texas, contact Texas financial aid agencies.

10. Minority Business Development Agency

The Minority Business Development Agency helps minority-run small businesses grow. The agency connects owners to financing resources, federal contracts, and market opportunities. 

They enhance the growth of minority-run small businesses. The agency connects owners to financing resources, federal contracts, and market opportunities. Contact a local MBDA business center for more information.

11. The Austin Texas Small Business Relief Grants

The Austin Texas Small Business Grant offers small businesses help with essentials. They provide up to $40,000 for rent, payroll, and other economic needs. 

Applicants must prove that their local business experienced economic loss resulting from COVID-19. It must also show that its headquarters must be in a City of Austin Council district. 

12. City Of Rosenberg: Business Improvement Grant Program (BIG)

The Business Improvement Grant (BIG) helps new and existing businesses in Rosenberg. 

The grant provides eligible businesses with reimbursement for improvement projects. It offers up to 50% of the total project cost and $10,000 to qualifying projects.

13. Sam's Club Small Business Grant

The Sam's Club Small Business Grant offers up to $10,000 to small business owners. The grant is to help meet their most immediate needs. 

Eligible expenses include:

  • Paying rent and utilities
  • Meeting payroll and wages
  • Paying outstanding debt to vendors
  • Upgrading technology infrastructure
  • Other immediate operational costs

14. Texas Small Business Emergency Micro-grant Source (TSBEMS)

The Texas Small Business Emergency Micro-grant Source (TSBEMS) provides emergency funds.

Small businesses that meet the following criteria may apply for TSBEMS:

  • Must be open for business for at least two years and is currently open
  • Registered with the State of Texas
  • The company has never received a micro-grant from TSBEMS
  • A business suffered damage or loss beyond the owner's control. 
  • Must prove the need for emergency funds to continue daily operations 

15. Amber Grant for Women

The Amber Grant for Women is a grant program for women entrepreneurs. The program awards a $10,000 grant to women business owners each month. 

The 12 winners can also receive an additional $25,000 grant at the end of the year.

16. Facebook Small Business Grants Program

The Facebook Small Business Grants Program helps small businesses during COVID-19. The program offers $100 million in cash grants and Ad credits. It also helps connect businesses with more customers and cover operational costs.

To be eligible, the small business must:

  • Be a for-profit company
  • Have between 2 and 50 employees
  • In business for over a year
  • Affected by COVID-19
  • Be in or near a location where Facebook operates

17. LiftFund COVID-19 Grant and Loans

The LiftFund COVID-19 Grant and Loans support small businesses during the pandemic. A variety of grant programs are available. 

The LiftFund works with communities to help small businesses during these uncertain times.