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The Small Business Investment program has two (2) different financial reimbursement assistance grants available for entrepreneurs or small business owners:
Eligible small businesses must be willing to open or expand within the City of San Benito City Limits, but preferably within the Downtown District.
The Small Business Investment Program is funded on a yearly basis by the San Benito EDC and availability is subject to funding. For Fiscal Year 2023-2024 (Oct. 1 to Sept. 30) the San Benito EDC has allocated a total amount of $85,000 for both grants under this program.
For additional information about the Small Business Investment Program please contact us.
The San Benito EDC in collaboration with the U.S. Department of Agriculture provides the Revolving Loan Program which facilitates the lending of a maximum of $150,000 and has a ten (10) year repayment plan. The small business must be within the San Benito City Limits, 25% equity and collateral must be provided. To be candidate for this loan the small business owner must be denied by other lenders such a local banks, Small Business Administration, LiftFund, PeopleFund, etc.
This grant provides an opportunity for the San Benito EDC to partner with organizations by supplementing funding towards the marketing efforts of a community event or initiative that will showcase San Benito, TX and promote the city for the purpose of developing new or expanded business opportunities, tourism and other economic development efforts that contribute to the city’s sales tax base.
For more information about any of these incentives, an application package, or to schedule an appointment contact the San Benito EDC at (956) 626-1350 or via email at info@sanbenitoedc.us