Lift Fund
Texas-based nonprofit CDFI offering small business loans up to $500K, including 0%- and 2.5%-interest partnership programs in the RGV.
A Texas-based nonprofit Community Development Financial Institution (CDFI) and one of the largest microlenders in the country. Has established partnership programs in the RGV that pair LiftFund capital with local economic development incentives.
WHAT THEY DO
- Small business loans from $500 up to $500,000
- 0%-interest partnership program in McAllen
- 2.5%-interest partnership program in Edinburg
- Business advising, financial education, and lending readiness support
- Bilingual (English / Spanish) lending team
WHO THEY HELP
Small businesses and entrepreneurs across Texas, including those traditional banks decline. Especially active with women-owned, minority-owned, and veteran-owned businesses.
BEST FOR
An Elsa entrepreneur or small business that needs more capital than the Lift Elsa program but is too early for a commercial bank loan. Verify current RGV partnership program details with Elsa EDC before applying.