For Immediate Release

September 29, 2011
Contact: Raquel Valdez 1-888-385-1975
512-383-0025

Business and Community Lenders of Texas Awarded $489,000 by US Treasury for Business Capital

Non-profit lender will use funding to increase access to capital for Texas businesses

Austin, Texas:  Business and Community Lenders (BCL) of Texas, a statewide non-profit Community Development Financial Institution (CDFI), has received an award of $489,000 from the US Treasury to assist small businesses throughout Texas with expansion loans.

        The Small Business Lending Fund, created by the Small Business Jobs Act of 2010, aims to amplify investments in small businesses across the country to support the nation’s economic recovery.  This loan program is designed to reduce the barriers to entrepreneurship in order to diversify and strengthen the Texas economy.

        “BCL is honored to be awarded this funding, in addition to our recent one million CDFI award this summer,” says Rosa Rios Valdez, CEO.  “Our Loan Officers across Texas are ready to assist the entrepreneurs of this state to secure the capital they need to grow.”

        BCL of Texas was one of two CDFI recipients in Texas to receive this competitive award.  As a statewide lender for 21 years, the capital is expected to move quickly into the hands of small business owners, with loans from $50,000 up to $250,000.  Interested parties are urged to contact BCL at (888)718-0180 for further information on requirements & consideration for funding, or visit www.bcloftexas.org.