Revolving Loan Program

The Revolving Loan Program is just one of the incentives the Alamo Economic Development Corporation has established as part of our efforts to encourage business growth and job creation in the city. This program is designed to assist small businesses and start-ups by providing a low-cost alternative financing option.

Have questions about this or any of our other incentive programs for your business? We encourage you to contact the Alamo EDC today at 956.787.6622.

Loan Program in Alamo | City of Alamo EDC

Steps for the Loan Process

  • Fill out a loan application
  • Submit your business plan with the loan application (business plan must include budget for use of funds)
  • Submit all documents to the Alamo EDC via mail or hand delivery
  • The EDC begins the loan application review to determine eligibility
  • The applicant will be notified of eligibility status
  • If eligible, the loan application will be presented to the Loan Review Committee
  • Committee recommendation will be presented to the EDC Board for final approval
  • The applicant will be notified of the Board’s decision to approve or deny the loan application as well as loan specific terms, when applicable

Initial Documents for Loan Application

  • Business Plan
  • List of Board Members (corporations only)
  • 2 years of Income Tax Returns – Business or Personal (most current copies)
  • Year-end financial statement from existing organization
  • IRS 501 (c) 3 letter (or similar), if applicable
  • Purpose of loan
  • Balance sheet (yearly)
  • Profit and Loss Statement (last quarter)
  • Project Budget

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