Buda small-business loan program opens applications

Local businesses in the city of Buda will be able for loans of up to $10,000 through Aug. 26. (Evelin Garcia/Community Impact Newspaper)
Local businesses in the city of Buda will be able for loans of up to $10,000 through Aug. 26. (Evelin Garcia/Community Impact Newspaper)

Local businesses in the city of Buda will be able for loans of up to $10,000 through Aug. 26. (Evelin Garcia/Community Impact Newspaper)

Applications are now available for the Still Budaful Small Business Loan Program, which will offer forgivable loans of up to $10,000 to Buda businesses.

Applications opened Aug. 12 and will close Aug. 26, and businesses located with Buda's extraterritorial jurisdiction are also eligible.

According to a press release issued by the city, the Buda Economic Development Corp. partnered with the Small Business Task Force to provide $100,000 for the program.

The value of awarded loans will be determined by the business's current needs, physical location and the availability of funds.

Eligible expenses for the loans include payroll, rent, utilities, cost of goods sold, inventory and other normal expenses laid out in the program's guidelines.


To be eligible for loan forgiveness, the business must meet the following criteria:

  • The business must create or retain at least one full-time job within three months of receiving funds.

  • The applicant must stay in business for at least six months past the application's submittal date.

  • A loan agreement must be signed by the applicant as an individual borrower.

  • The business type cannot change during the terms of the loan agreement once the funds are accepted.


Additional criteria for eligibility are available on the Still Budaful website.
By Warren Brown
Warren joined Community Impact at the beginning of 2020 as the editor of its New Braunfels paper and now reports the news in San Marcos, Buda and Kyle. Warren previously wrote for the Dallas Observer and Fort Worth Weekly and he brings a passion for truth and equality to his reporting.


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