The Hondo Economic Development Corporation (Hondo EDC) has launched a new initiative aimed at reducing financial barriers that often hinder small business expansion. In partnership with LiftFund, the organization introduced a 0% Interest Rate Loan Program designed to expand access to affordable financing for entrepreneurs in the Hondo community.
Through the program, eligible small businesses can secure interest-free loans of up to $35,000 to support startup expenses and business growth needs. LiftFund will also host a free informational session to walk prospective applicants through eligibility requirements and application details.
“Small businesses are the backbone of our community, driving local jobs, innovation, and quality of life,” said Sean Patty, executive director of Hondo EDC. “This partnership with LiftFund allows us to extend meaningful financial support to entrepreneurs who are ready to build and grow in Hondo.”
According to Amy Hereford, president and chief executive officer of LiftFund, the initiative aligns with the organization’s mission “to expand economic opportunity through affordable access to capital.” LiftFund, a nonprofit community lender with decades of experience, provides tailored financing solutions for small business owners across Texas.
The Hondo 0% Interest Rate Loan Program is open to small businesses currently operating in or relocating to the Hondo area. Interested entrepreneurs are encouraged to review eligibility criteria and prepare applications in advance of the upcoming informational session.
