Are you an entrepreneur or startup in Northern Texas looking for financial support? You're in luck! There are a variety of business support services available to help you get your business off the ground. The HBDI, Texas.gov, CDFIs, USDA, SCORE, SBA, Small Business Incubator and Product Development Fund (PDSBI), Health Wildcatters, Texas SBDC Network, Cowtown Angels, and McKinney WERX are all great resources to explore. The HBDI offers a range of loan programs and Business Technical Consultation (BTC) services. Texas.gov provides a wealth of information on what is needed to start a new business.
You can find your nearest Community Development Financial Institution (CDFI) using the online locator. The Texas Workforce Commission (TWC) offers the Skills for Small Business grant which supports companies with fewer than 100 employees and encourages the training of new full-time workers. Support is also available to improve the skills of current full-time workers through community or technical colleges, or the Texas Engineering Extension Service (TEEX).The USDA provides financial assistance and technical assistance to stimulate the creation and growth of rural businesses. Loans, credit guarantees, and grants are available to individuals, businesses, cooperatives, farmers and ranchers, public agencies, not-for-profit corporations, Native American tribes, and private companies in rural communities.
For more information, visit the USDA website. SCORE is an excellent resource for small businesses looking for financial management advice. They provide many templates for spreadsheets and cash flow projections. You can also hire a SCORE mentor at no cost to help you overcome business challenges. The SBA also offers guidance on tips and tools for managing business finances. The Small Business Incubator and Product Development Fund (PDSBI) is a program that provides long-term asset-backed loans to product development companies specifically in the manufacturing sector.
The primary objective of the program is to assist in the development, production, and commercialization of new or improved products in the state. For information on resources and funding available to small businesses affected by the COVID-19 crisis, visit the coronavirus webpage. The small business resource portal provides a personalized list of useful resources to help start or grow a business in Texas. The Small Business Handbook provides a comprehensive overview of business planning, registration requirements, and funding. CDFIs offer flexible, affordable, and patient financing to small business owners, affordable housing developers, nonprofit organizations, consumers, and commercial real estate in underserved communities. LiftFund is a not-for-profit community lender that has been equalizing financial conditions for entrepreneurs with opportunity capital in North Texas for more than 20 years. Impact Ventures is looking for mentors and experienced experts to help entrepreneurs in their program which begins in September.
The Health Finance Institute and Health Wildcatters have partnered to bring the Health Wildcatters accelerator program to a health care startup that has an application in the management or treatment of chronic diseases. The Texas network of small business development centers has the knowledge, tools, and resources you need to succeed. CDC of the Southwest offers financial assistance to qualified companies in the creation, acquisition or expansion phase through the SBA 504 loan program. Headquartered in Fort Worth, Cowtown Angels is a network of angels that connects entrepreneurs seeking seed funding with local investors in an environment that accelerates growth and rewards strategic risk-taking. Biotechnology talent is in high demand in the region in start-ups, corporate and medical systems offering satisfying well-paid careers with benefits.
The McKinney WERX (and the WERX Foundation) is a not-for-profit organization that provides resources and collaborative workspace for technology startups and all entrepreneurs in McKinney, Texas. If you're an entrepreneur or startup based in Northern Texas looking for financial resources then you have plenty of options available to you! From loan programs offered by HBDI to grants from TWC Skills for Small Business grant program to asset-backed loans from PDSBI - there are plenty of options available for entrepreneurs looking for financial support. Additionally there are organizations like SCORE which provide mentorship services as well as templates for spreadsheets and cash flow projections. The USDA provides financial assistance as well as technical assistance to stimulate the creation and growth of rural businesses while CDFIs offer flexible financing options to small business owners.
Impact Ventures is looking for mentors while Health Wildcatters have partnered with Health Finance Institute to bring their accelerator program to health care startups. The Texas network of small business development centers has all the knowledge you need while CDC of Southwest offers financial assistance through SBA 504 loan program. Cowtown Angels connects entrepreneurs seeking seed funding with local investors while McKinney WERX provides resources and collaborative workspace for technology startups. If you're an entrepreneur or startup based in Northern Texas looking for financial resources then you have plenty of options available! From loan programs offered by HBDI to grants from TWC Skills for Small Business grant program - there are plenty of options available for entrepreneurs looking for financial support.