The Texas Department of Agriculture (TDA) is working with Community Development Financial Institutions (CDFI), to lend and manage funds allocated to TDA for its Capital for Texas Program (C4T).
C4T is designed to increase rural communities small businesses’ access to capital and enable private entrepreneurs to make market-driven decisions to grow jobs, assist their growth potential and employment capabilities through partnering community development financial institutions.
This program supports TDA’s goals of empowering rural communities and cultivating winning strategies for rural Texas, by providing finance options to small businesses and manufacturers that are creditworthy, but are not getting the loans they need to expand and create jobs. TDA anticipates the actual range of loans for the C4T program will be in the range of $5,000 to $350,000, with an average investment less than $100,000.