According to Arlington EDC, the program is designed to provide small businesses with flexible funding for start-up costs, expansion, staffing and more.
ARLINGTON, Texas — Are you a small business owner in Arlington? If so, you may want to take advantage of the city’s Economic Development Corporation (EDC)’s new rate buyback program.
Arlington EDC says its partnership with nonprofit Lift Fund allows it to offer small business loans of up to $100,000 completely interest-free.
The program is designed to provide small businesses with flexible funding for start-up costs, expansion, staffing and more, Arlington EDC said in a press release. It is hoped that these companies will use the financing to spur growth, innovation and job creation.
“Arlington, Texas has long had a strong commitment to supporting the startup and development of small businesses,” Marty Wieder, executive director of Arlington EDC, said in a press release. “Small businesses are the foundation of our local economy. This partnership with Lift Fund is another way the City of Arlington and Arlington EDC will directly benefit small business owners and operators, including equipment purchases. , create jobs, and further strengthen America’s economic ecosystem.”
Please note that this program is intended for Arlington-based businesses with limited access to funding.
Since 2016, LiftFund says it has helped small business owners access more than $7 million in interest-free loans through various partnerships and programs across Texas.
“We are committed to ensuring Arlington remains a place where small businesses can thrive,” LiftFund President and CEO Amy Hereford said in a press release. “The Interest Rate Buyback Program is an investment in the future of local entrepreneurs, helping to drive economic growth and create a lasting impact in our communities.”
Click here for details on how to apply.
