Hondo, Texas, January 17, 2026
The Hondo Economic Development Corporation has introduced the Hondo 0% Interest Rate Loan Program, offering eligible small business owners interest-free loans up to $35,000. This initiative, in partnership with LiftFund, aims to lower financial barriers and promote sustainable growth among local businesses. A complimentary information session was held to guide entrepreneurs through the application process, emphasizing the importance of such programs in fostering community development and economic vitality.
Hondo, Texas – The Hondo Economic Development Corporation (Hondo EDC) has launched the Hondo 0% Interest Rate Loan Program, which is designed to empower eligible small business owners with interest-free loans of up to $35,000. This program aims to lower financial barriers and foster sustainable growth in the local business community, showcasing a commitment to entrepreneurial support.
Partnering with LiftFund, a nonprofit community lender, the program focuses on aiding both emerging and established businesses. It provides flexible capital options for various business needs, including startup costs, expansions, equipment purchases, staffing, inventory, and working capital. By offering these interest-free loans, Hondo EDC seeks to strengthen local economies and bolster the fabric of community development.
To provide clarity and guidance, LiftFund hosted a complimentary information session on January 14, 2026. This event empowered potential borrowers with knowledge about the eligibility requirements, application process, and appropriate uses of the funds. Entrepreneurs had the chance to ask questions and receive practical tips for crafting effective loan applications, enhancing their prospects for approval.
The Hondo 0% Interest Rate Loan Program is part of a wider strategy to support small businesses throughout Texas. Notably, the City of San Antonio announced an investment of $2 million in February 2024, in collaboration with LiftFund, to provide interest-free loans of up to $100,000 for local small businesses. These initiatives illustrate a growing acknowledgment of the critical role that small businesses play in economic growth and job creation.
For small business owners in Hondo, the opportunity to access these funds can significantly influence their operational capabilities. Entrepreneurs looking to enhance their business prospects are encouraged to reach out to LiftFund at 888-215-2373 for more information and assistance.
Key Features of the Hondo 0% Interest Rate Loan Program
H3 Loan Amount
The program offers loans up to $35,000.
H3 Interest Rate
The loans are available at an interest rate of 0%, making them interest-free.
H3 Eligible Applicants
Small business owners based in Hondo, Texas, are eligible to apply for this program.
H3 Use of Funds
Funds can be utilized for various needs including startup costs, business expansions, equipment purchases, staffing, inventory, and working capital.
H3 Application Assistance
Interested individuals can contact LiftFund at 888-215-2373 for help with the application.
H3 Application Deadline
Applications will be accepted until the funds are depleted, so early application is recommended.
Conclusion
The introduction of the Hondo 0% Interest Rate Loan Program serves as an essential means of nurturing small businesses in Hondo. By providing these financial resources, local leaders are reinforcing a commitment to economic growth and the overarching success of Texas entrepreneurs. Business owners are encouraged to take advantage of this opportunity to enhance their operations and actively contribute to the thriving community. Supporting local businesses ultimately fosters a more resilient economy, ensuring a prosperous future for Hondo and its residents.
Frequently Asked Questions
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 various business needs.
Who is eligible for the program?
Eligible entrepreneurs include both emerging and established small business owners in the Hondo area seeking capital for startup costs, business expansion, equipment purchases, staffing, inventory, and working capital needs.
How can I apply for the loan?
Interested applicants can contact LiftFund at 888-215-2373 for assistance with the application process and to learn more about the program’s eligibility criteria.
Is there an application deadline?
The application period is open until funds are exhausted. It’s advisable to apply promptly to take advantage of this opportunity.
Are there similar programs in other Texas cities?
Yes, for example, the City of San Antonio, in partnership with LiftFund, announced a $2 million investment in February 2024 to offer interest-free loans up to $100,000 to local small businesses, reinforcing the city’s commitment to fostering a thriving entrepreneurial landscape.
| Key Feature | Description |
|---|---|
| Loan Amount | Up to $35,000 |
| Interest Rate | 0% (Interest-free) |
| Eligible Applicants | Small business owners in Hondo, Texas |
| Use of Funds | Startup costs, business expansion, equipment purchases, staffing, inventory, working capital |
| Application Assistance | Contact LiftFund at 888-215-2373 |
| Application Deadline | Open until funds are exhausted |
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Hondo EDC Launches 0% Interest Rate Loan Program for Small Businesses
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