Hondo, TX, January 10, 2026
The Hondo Economic Development Corporation has partnered with LiftFund to introduce the Hondo 0% Interest Rate Loan Program, providing eligible small business owners with interest-free loans of up to $35,000. This initiative aims to reduce financial barriers for local entrepreneurs, supporting business growth and sustainability. An information session will be held to guide potential applicants through the loan application process.
Hondo, TX
The Hondo Economic Development Corporation (Hondo EDC) has partnered with LiftFund to introduce the Hondo 0% Interest Rate Loan Program, offering eligible small business owners interest-free loans up to $35,000. This initiative aims to enhance access to affordable financing, thereby supporting local business growth and sustainability.
Program Details
The Hondo 0% Interest Rate Loan Program is designed to assist both emerging and established small businesses within the Hondo community. Eligible entrepreneurs can utilize these interest-free loans for various purposes, including startup costs, business expansion, equipment purchases, staffing, inventory, and working capital needs. By providing flexible capital, the program seeks to reduce common financial barriers that often impede business development and long-term success.
Information Session
To facilitate understanding and participation, LiftFund will host a free information session on Wednesday, January 14, 2026, at 1 p.m. This session will guide potential applicants through the program’s eligibility requirements, application process, and permissible uses of funds. Attendees will have the opportunity to engage directly with program staff and receive valuable insights on preparing a successful loan application. Interested individuals can register for the session via Eventbrite.
Program Objectives
Small businesses are recognized as the backbone of the community, driving local employment, innovation, and overall quality of life. The partnership between Hondo EDC and LiftFund reflects a shared commitment to fostering economic development by providing meaningful financial support to entrepreneurs ready to build and grow their businesses in Hondo. By eliminating interest charges, the program aims to make borrowing more accessible and affordable, thereby promoting business success and community prosperity.
About the Partners
LiftFund is a nonprofit community lender with decades of experience in offering affordable financing solutions to small business owners across Texas. The organization has a history of partnering with municipalities, including San Antonio, El Paso, and Elsa, to provide interest-free loans to entrepreneurs. This initiative aligns with LiftFund’s mission to expand economic opportunity through accessible capital, supporting job creation and community enrichment.
The Hondo Economic Development Corporation (Hondo EDC) is dedicated to investing in partnerships that expand opportunities for local entrepreneurs and strengthen the community’s small business ecosystem. By collaborating with regional and statewide organizations, HEDC works to improve access to capital, training, and resources that support long-term business success, reflecting a commitment to building a resilient local economy where small businesses can launch, grow, and thrive.
Contact Information
Entrepreneurs interested in the Hondo 0% Interest Rate Loan Program are encouraged to reach out to LiftFund at 888-215-2373 for assistance. For more information about the program and its offerings, visit the official Hondo EDC website.
Frequently Asked Questions (FAQ)
What is the Hondo 0% Interest Rate Loan Program?
The Hondo 0% Interest Rate Loan Program is an initiative by the Hondo Economic Development Corporation (Hondo EDC) in partnership with LiftFund, offering eligible small business owners interest-free loans up to $35,000 to support business growth and sustainability.
Who is eligible for the loan program?
Eligible entrepreneurs include both emerging and established small businesses located within the Hondo community. The program is designed to assist businesses with startup costs, expansion, equipment purchases, staffing, inventory, and working capital needs.
How can I apply for the loan?
Interested individuals can register for a free information session hosted by LiftFund on Wednesday, January 14, 2026, at 1 p.m. The session will provide guidance on eligibility requirements, the application process, and permissible uses of funds. Registration is available via Eventbrite.
What are the benefits of the loan program?
The program offers interest-free loans up to $35,000, reducing financial barriers for small business owners. This support aims to promote business success, job creation, and community prosperity within the Hondo area.
Who are the partners involved in this initiative?
The initiative is a collaboration between the Hondo Economic Development Corporation (Hondo EDC) and LiftFund, a nonprofit community lender with extensive experience in providing affordable financing solutions to small business owners across Texas.
Key Features of the Hondo 0% Interest Rate Loan Program
| Feature | Description |
|---|---|
| Loan Amount | Up to $35,000 |
| Interest Rate | 0% (Interest-free) |
| Eligible Uses | Startup costs, business expansion, equipment purchases, staffing, inventory, working capital |
| Eligibility | Small businesses located within the Hondo community |
| Information Session | Wednesday, January 14, 2026, at 1 p.m. (Registration via Eventbrite) |
| Contact Information | Lifefund at 888-215-2373 |
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