Small Business Loan Program Funds Two Projects
East Texas Regional Development Company • October 7, 2021

ETRDC funded two projects that will help spur economic development in Texas!
Did you know ETCOG
can help local entrepreneurs seek funding solutions through the East Texas Regional Development Company small business loan program? The East Texas Regional Development Company, ETRDC, was established in 1983 as a non-profit Certified Development Company designated by the U.S. Small Business Administration (SBA). Through this program, we offer fixed-rate financing for small businesses through the SBA 504 loan program and a revolving loan fund.
Recently, ETRDC funded two projects that will help spur economic development in Texas! We are proud to announce the funding of a $1.6M SBA 504 loan for a project in Bandera County in the hospitality industry. The total project cost is over $5.5M. We also funded a $31,500 Chapman Loan for a small business located in Wood County, here in East Texas.
Our mission is to promote and assist with the economic development of East Texas through small business lending. Our primary lending program is the SBA 504 small business loan.
Contact the ETRDC with your business lending questions by calling (903) 218-6411.

The U.S. Department of Agriculture has announced that it is making $27.7 million in grants available through the Rural Business Development Grant Program (RBDG). This program provides funding for business and community initiatives that promote economic growth and job creation. Eligible applicants can include rural cooperatives, state government agencies, towns, and communities, nonprofit corporations and institutions of higher learning, and federally recognized Tribes. Individuals and for-profit businesses or organizations are not eligible to apply. Applications will compete in two separate categories: Business opportunity grants: May be used for business support centers, technology-based economic development, leadership and entrepreneur training, feasibility studies, business plans, long-term strategic planning, and other eligible activities. Business enterprise grants: May be used for training and technical assistance, project planning, business counseling, market research, feasibility studies, and product or service improvements, buying or developing land, easements, or rights of way, including access streets and parking areas, constructing or renovating buildings, and buying machinery and equipment, capitalizing revolving loan funds, and supporting rural business incubators and community economic development and other eligible activities. Electronic applications must be submitted by 4:30 p.m. local time through Grants.gov on the due date. The Rural Business Development Grant Program has two different closing dates: June 15, 2026, only applies to Strategic Economic and Community Development (SECD) applications. June 30, 2026, applies to the remainder of the applicants. For more information on how to apply please visit on gov or contact your local USDA Rural Development office .


