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BiGAUSTIN was founded in 1992 as a City of Austin-funded organization designed to help people start their own small business, particularly low to moderate income minorities. In 1995, BiGAUSTIN obtained its 501(c)(3) non-profit status and began independent operations.
Today, BiGAUSTIN obtains its funding from the state of Texas, private equity firms, Travis County, local and national banks, and the federal government. We are proud of our partnerships and will continue to leverage them for the benefit of our clients. BiGAUSTIN is also governed by a fully independent Board of Directors.
Our training program and loan services are helping roughly 1,300 small business entrepreneurs every year, a number that continues to grow. BiGAUSTIN has dispersed loan packages in excess of $6.5 million and granted loans to thousands of individuals, improving the quality of life.
Our greatest impact to the community comes in the form of the economic development we provide. Through BiGAUSTIN, more small business owners gain access to markets, financial literacy, entrepreneurial & management skill development, and greater access to funding. As a result, their businesses thrive in creating jobs and increasing the tax base, as well as helping to keep money in Central Texas's communities.