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Loans

Texas Product Development and Small Business Incubator Fund

Product Development and Small Business Incubator Fund (PDSBI)

Status

Open continuously

No deadline — apply whenever you are ready.

Always open
Amount
$5,000,000

'Long-term, asset-backed loans fully secured by tangible assets, not to exceed $5 million.' Interest rates are 'variable and generally below-market, comprised of a low weekly variable rate plus a risk premium determined by the Governor's Office'. Loans require 'unencumbered tangible assets at a maximum Loan-to-Orderly Liquidated Value ratio of 1:1'.

Funder

Texas Economic Development Bank, Office of the Governor (Texas Economic Development and Tourism Office)

public · regional

Deadline: Open all year — 'a rolling application process' - no fixed deadline. Loan structures are 'ultimately determined by staff in consultation with individual applicants'.

Your odds
Not published

This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.

Effort
major

Major bid — written case, budget, possibly partners.

Who can apply

Two funds: Product Development (new/improved product beyond the theoretical stage, developed in Texas; pure research ineligible) and Small Business Incubator (Texas-domiciled or 51%+ Texas employees, fewer than 100 full-time employees, independently owned)

How to apply

  1. Confirm eligibility: at least 3 years of operating history and at least 1 year of revenue history, product past the R&D phase, and unencumbered tangible assets to secure the loan. — link
  2. Contact the Texas Economic Development Bank to discuss the loan structure.
  3. Submit the application with financials and asset schedule; the Governor's Office sets the risk premium.

What you will need

Related reading: How grant deadlines actually work · The EU SME definition (Recommendation 2003/361)

Apply on the funder's site

Source. https://gov.texas.gov/uploads/files/business/PDSBI_Overview.pdf

"Total original fund sizes are $25 million for Product Development and $20 million for Small Business Incubator."

Last checked against the official page on 5 October 2026

Source: gov.texas.gov

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