IRVING, Texas — Irving is rolling out a new effort aimed at helping small businesses grow, offering 0% interest loans to expand access to affordable financing for local entrepreneurs.
The city has partnered with LiftFund to launch the Small Business Interest Buydown Program. The initiative provides interest-free loans ranging from $2,500 to $100,000 for eligible businesses, meant to help reduce financial barriers tied to expansion and long-term sustainability of small businesses.
The program is open to both new and established businesses and can be used for expenses such as payroll, equipment, inventory, startup costs and working capital…