Guide to Loans by State
Guide to Loans by State below that will give lots of detail on a wide variety of areas as local commerce to help with funding loans.
Alabama
Alabama offers several state-specific loan programs to support small businesses, including the Alabama Small Business Loan Guarantee Program. This program helps businesses secure loans that might not otherwise qualify for traditional bank financing by providing guarantees on loans.
Alaska
Alaska's Department of Commerce, Community, and Economic Development offers a Small Business Economic Development Loan Program that provides funding to small businesses. The state also has microloan programs for businesses that need smaller amounts of capital.
Arizona
Arizona provides access to various loan programs through the Arizona Commerce Authority. One notable program is the Arizona Innovation Challenge, which offers grants and loan opportunities to innovative startups and tech companies.
Arkansas
Arkansas Economic Development Commission offers loan programs like the Arkansas Capital Corporation, which provides loans and venture capital to small businesses. The state also offers rural business development loans.
California
California has numerous loan programs, including those through the California Infrastructure and Economic Development Bank (IBank). The Small Business Loan Guarantee Program helps small businesses secure financing by mitigating lender risk.
Colorado
Colorado provides business loans through the Colorado Lending Source, including the Colorado Main Street Loan Program, which supports small businesses affected by economic downturns or disasters.
Connecticut
Connecticut’s Department of Economic and Community Development offers a Small Business Express Program that provides loans and grants to small businesses. The state also has several venture capital initiatives.
Delaware
Delaware’s Division of Small Business offers the EDGE Grant Program, which includes funds for innovation and entrepreneur support. They also have a revolving loan fund for small businesses.
Florida
Florida’s State Small Business Credit Initiative provides several loan programs, including the Florida Small Business Emergency Bridge Loan Program, which provides short-term loans to small businesses affected by disasters.
Georgia
Georgia offers the Georgia Small Business Credit Initiative, which includes loan participation and guarantee programs to help businesses access capital. The state also has specific programs for minority-owned businesses.
Hawaii
Hawaii offers small business loans through the Hawaii Strategic Development Corporation and the Hawaii Growth Loan Program, which support high-growth and innovation-driven small businesses.
Idaho
Idaho has the Idaho Small Business Development Center (SBDC), which offers various loan programs, including microloans for small businesses needing smaller amounts of capital.
Illinois
Illinois provides funding through programs like Advantage Illinois, which offers capital access and loan participation programs to help small businesses secure financing.
Indiana
Indiana's Economic Development Corporation offers the Indiana 21st Century Research and Technology Fund, which provides loans and grants to small businesses focused on technology and innovation.
Iowa
Iowa has the Iowa Microloan Program, which provides smaller loan amounts to startups and small businesses. The state also offers various business development grants.
Kansas
Kansas offers the Kansas Capital Multiplier Loan Fund, which provides matching loans to small businesses. They also have a rural business development loan program.
Kentucky
Kentucky's Small Business Tax Credit and Kentucky Business Investment Program provide financial incentives and loan opportunities to support small businesses and job creation.
Louisiana
Louisiana Economic Development offers the Small Business Loan and Guaranty Program, which provides loan guarantees to help small businesses secure financing.
Maine
Maine has the Finance Authority of Maine (FAME), which offers loan insurance and direct loan programs to small businesses. They also have a microenterprise loan program.
Maryland
Maryland’s Department of Commerce offers various loan programs, including the Maryland Small Business Development Financing Authority, which provides loans and equity investments.
Massachusetts
Massachusetts offers loans through the Massachusetts Growth Capital Corporation, which provides working capital loans to small businesses, especially those in underserved markets.
Michigan
Michigan's Economic Development Corporation provides loan programs such as the Capital Access Program, which helps small businesses secure loans by providing lender support.
Minnesota
Minnesota offers the Minnesota Investment Fund and the Minnesota Emerging Entrepreneur Program, both of which provide loans and grants to small businesses, with a focus on underserved communities.
Mississippi
Mississippi Development Authority offers the Mississippi Small Business Loan Guarantee Program, which helps small businesses secure financing by providing loan guarantees.
Missouri
Missouri offers the Missouri Linked Deposit Program, which provides low-interest loans to small businesses. The state also offers microloans and various business development grants.
Montana
Montana’s Department of Commerce provides funding through the Big Sky Economic Development Trust Fund, which offers loans and grants to support job creation and business expansion.
Nebraska
Nebraska’s Advantage Loan Program offers low-interest loans to small businesses, focusing on job creation and economic development in underserved areas.
Nevada
Nevada’s Department of Business and Industry offers the Nevada Microenterprise Initiative, which provides small business loans and technical assistance to entrepreneurs.
New Hampshire
New Hampshire’s Business Finance Authority offers various loan programs, including the Capital Access Program and direct lending programs for small businesses.
New Jersey
New Jersey Economic Development Authority provides loan programs such as the Premier Lender Program, which offers low-interest loans and lines of credit to small businesses.
New Mexico
New Mexico offers the Collateral Assistance Program, which helps small businesses secure loans by providing collateral support. The state also has microloan programs for small businesses.
New York
New York’s Empire State Development offers the Excelsior Growth Fund, which provides loans and business advisory services to small businesses. The state also has numerous microloan programs.
North Carolina
North Carolina’s Rural Center offers the Thread Capital program, which provides small business loans and technical assistance. The state also has various loan and grant programs for rural businesses.
North Dakota
North Dakota’s Development Fund offers loans and venture capital to small businesses, with a focus on innovation and technology sectors.
Ohio
Ohio offers the Ohio Capital Access Program, which helps small businesses secure loans by providing loan guarantees. The state also has various loan and grant programs for business development.
Oklahoma
Oklahoma’s Department of Commerce offers the Oklahoma Capital Access Program, which provides loan guarantees to small businesses. The state also has microloan programs for entrepreneurs.
Oregon
Oregon’s Business Development Fund offers direct loans to small businesses, focusing on job creation and economic development. The state also has microloan programs for startups.
Pennsylvania
Pennsylvania’s Department of Community and Economic Development offers the Pennsylvania Industrial Development Authority (PIDA) loan program, which provides low-interest loans to small businesses.
Rhode Island
Rhode Island’s Commerce Corporation offers the Small Business Assistance Program, which provides loans and loan guarantees to small businesses, focusing on underserved communities.
South Carolina
South Carolina’s Business Development Corporation provides various loan programs, including the Small Business Loan Program, which offers financing to small businesses in need of capital.
South Dakota
South Dakota’s Governor’s Office of Economic Development offers the Revolving Economic Development and Initiative (REDI) Fund, which provides low-interest loans to small businesses.
Tennessee
Tennessee offers the TNInvestco program, which provides venture capital funding to small businesses. The state also has loan programs focused on rural business development.
Texas
Texas Economic Development offers the Texas Capital Access Program, which helps small businesses secure loans by providing loan guarantees. The state also has microloan programs for entrepreneurs.
Utah
Utah’s Small Business Bridge Loan Program provides short-term loans to small businesses affected by economic downturns. The state also offers various loan programs for startups and tech companies.
Vermont
Vermont’s Economic Development Authority offers the Vermont Small Business Loan Program, which provides low-interest loans to small businesses. The state also has microloan programs for startups.
Virginia
Virginia’s Small Business Financing Authority provides various loan programs, including the Economic Development Loan Fund, which supports small businesses with funding needs.
Washington
Washington State offers the Washington Small Business Credit Initiative, which provides loan guarantees and direct loans to small businesses. The state also has microloan programs for entrepreneurs.
West Virginia
West Virginia’s Small Business Development Center offers various loan programs, including the West Virginia Capital Access Program, which helps small businesses secure financing.
Wisconsin
Wisconsin’s Economic Development Corporation offers the Wisconsin Business Development Loan Program, which provides low-interest loans to small businesses. The state also has microloan programs for entrepreneurs.
Wyoming
Wyoming offers the Wyoming Partnership Challenge Loan Program, which provides matching loans to small businesses. The state also has various grant programs for business development.