Tag Archives: loans

Harlingen Loans Support Local Businesses

Small businesses in Harlingen can seek emergency loans through an EDC program to help during the COVID-19 crisis.

The rush to apply for and receive emergency federal funds during the COVID-19 crisis didn’t reach everyone. The result of the first come/first serve component of the Small Business Administration-affiliated loans is many American businesses left out of the funding loop. In Harlingen, city leaders and the economic development corporation are doing something about it. The EDC put aside $1 million in funding in establishing Harlingen’s Emergency Loan Program, HELP.…

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Harlingen Moves Forward Aiding Business

Harlingen Economic Loan Program

The Harlingen Economic Loan Program for Small Business committee convened May 13 to review and consider more than 60 loan application submissions. Applications come from businesses experiencing a more than 25 percent economic loss during the current crisis versus last year’s revenue. The committee also evaluated the required documentation, including financial information, in order to make a fair decision. In April the Harlingen EDC board set aside $1,000,000 to fund…

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Local Webinar Addresses SBA Disaster Loans

The Edinburg Chamber of Commerce joins the SBA’s Lower Rio Grande Valley District Office to provide a webinar about the SBA Economic Injury Disaster Loan Program April 3 at 10 a.m. This webinar will address and inform small businesses with an interest in applying for the SBA’s Economic Injury Disaster Loan. The program covers vital economic support to small businesses to help overcome the temporary loss of revenue due to…

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Alamo Offers Financial Assistance

Alamo Small Business Workshop

The City of Alamo will host its biannual Small Business Workshop Sept. 19 to educate business owners on ways to get financial assistance as well as help bring ideas to fruition. Alamo EDC Director Rafael Tapia will discuss Alamo programs as well as available opportunities such as the Revolving Loan Program and Micro-Loan Program. These programs assist small businesses and start-ups by providing a low-cost alternative financing option. Information on Texas…

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Apply Now for SBA Recovery Loans

Rio Grande Valley Livestock Show flooding 2018

Beginning today, July 12, Hidalgo County businesses affected by recent severe storms and flooding may apply for SBA recovery loans in person in Weslaco. The center will offer one-on-one meetings to explain how the Small Business Administration can finance disaster recovery. Representatives will also clarify the loan application process as well as help business owners complete electronic applications. “Due to severe property damage and economic losses these storms inflicted on…

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New Loan Program Fosters Small Business Ventures

photo Ken Teegardin

The Alamo Economic Development Corporation is now offering a new Micro-Loan Program that will help small business owners expand their efforts in the city. The Micro-Loan Program works by lending money to local businesses, with the funds being paid back with the interest. The funds are then reused. The loans are possible with assistance from USDA – Rural Development. Qualified applicants must be located in Alamo and have a minimum…

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Op-ed: SBA loves Rio Grande Valley Small Businesses

Local assistance for small businesses It is exciting when a new business opens in the Rio Grande Valley, and we LOVE it because it strengthens both the community and the economy. The latest U.S. Small Business Administration Office of Advocacy stats show small firm openings have accounted for 40 percent of the “new” American jobs over the last two decades. During the first quarter of fiscal 2017, SBA approved 31…

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