Are you a business owner in Conroe, Texas looking for financing options? You're in luck! There are a variety of grants, loans, and other resources available to help you get the funding you need to start or grow your business. 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. The United States Department of Agriculture (USDA) provides financial support and technical assistance to stimulate the creation and growth of rural businesses. SCORE provides great information on financial management for small businesses and many templates for spreadsheets and cash flow projections.
The Small Business Administration (SBA) also offers guidance on tips and tools for managing business finances. The Small Business Product Development and Incubation Fund (PDSBI) is a program that provides long-term asset-backed loans to product development companies, specifically in the manufacturing sector. 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. Our office provides help with SBA services, including funding programs, counseling, federal contracting certifications, and disaster recovery.
We can also connect you with our partner organizations, lenders, and other community groups that help small businesses succeed. To help you determine your funding needs, assess your eligibility, and help you craft your business plan, contact your local SBDC and schedule a virtual business counseling session today. The Governor's Office of Small Business Assistance works closely with a variety of partners to make it easier for small businesses to access capital. Not-for-profit lenders such as community organizations in Houston offer small business loan programs. Angel investors are people who provide capital for the creation of a company, usually in exchange for convertible debt or equity capital.
Depending on the type of business and other factors such as personal credit rating and projected revenues, a variety of funding sources are available to help take your company to the next level. The Texas Gulf Coast SBDC Network at the University of Houston is a business counseling and training center that serves 32 counties in Southeast Texas. Small Business Bank Loans from locally owned banks and credit unions are a great resource because they often have a strong interest in the economic development of the community. Alternative lenders throughout the community are also available to provide small business owners with funding options. Finding a small business grant that's right for your company can be a challenge but it's an available option to get free funding to grow or establish your business without having to worry about reimbursement. When you apply for a loan through Opportunity Business Loans, you won't have to wait in lines or deal with piles of paperwork or inconvenient loans. For companies focused on research and development, programs funding innovative research for small businesses and technology transfer for small businesses may be of interest.
For more information on resources and funding available for small businesses affected by the COVID-19 crisis, visit our coronavirus webpage.
