Funding Solutions

Funding Solutions

BiGAUSTIN has been committed to meeting the unique financial needs of new and existing entrepreneurs since its inception in 1995.

As a local non-profit and micro-lender, BiGAUSTIN provides a streamlined loan process that allows for rapid loan decisions.

Certification

BiGAUSTIN is a Community Development Financial Institution (CDFI) certified by the U.S. Department of Treasury.

All loans require collateral

Terms: 1-to-6-year payback period

Pay minimal direct loan processing costs

Start-up business (min 3 months of operation): up to $15,000

Existing business (min 1 year of operation): up to $35,000

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Start Your Application

  • A Note On Start-Ups

    Business Investment Growth (BiGAUSTIN) is a technical assistance provider and impact lender dedicated to supporting small business owners and entrepreneurs. We provide tailored support through our integrated model—combining impact-driven Restorative Capital, Pro Bono Business Advising, and our Good Jobs Innovation Lab. Our goal is to strengthen businesses, create jobs, and contribute to the overall economic growth of communities.

  • Who We Service

    Be at least 21 years of age,
    Have more than 51% interest in your business,
    Be a for-profit business,
    Be unable to qualify for / afford a conventional bank loan,
    Have a written business plan,
    Be a U.S. citizen / legal resident / "Stateside" foreign-owned business,
    Be in good standing on federal, state, county, and municipal taxes,
    Carry full auto and liability insurance,
    Have no active bankruptcy.

  • What We Look For

    Capacity: The businesses ability to repay projected debt service.

    Credit: The borrower’s willingness and ability to pay.

    Character: False or unrealistic statements on applications and outstanding legal issues will count against an applicant’s character. Good character is shown by references, a clean workplace, and business experience.

    Collateral: Individual or business assets that can be used to secure the requested loan.

  • The Process

    • Once you are pre-qualified, schedule an appointment with our a Loan Officer so you can pick up application forms and go over supporting documentation requirements.

    • Processing of the application will take 2-4 weeks.

    • If you are approved, we will prepare the legal documentation and schedule a closing date.

    •At closing, we'll present you with the check.

  • Pre-Qualification

    • The short application allows us to run a credit report, get an approximate view of the current financial situation, and go over a few eligibility questions.

    • In short, the pre-qualification application allows us to insure that there are no "show-stoppers" before you spend your valuable time on the complete application.

    •Fill out the Pre-Qualification form below to get started on a path to success.

  • Counties We Service

    Bastrop, Bell, Blanco, Burnet, Gillespie, Hays, Lampasas, Lee, Llano, Mason, McCulloch, Milam, San Saba, Williamson, Travis

BiGAUSTIN Lending – Frequently Asked Questions

General Lending FAQs

What types of loans does BiGAUSTIN offer?
We provide loans to support new startups, existing businesses, and entrepreneurs looking to grow. Our programs include startup capital, working capital, equipment financing, and expansion loans.

Who is eligible to apply for a loan?
We serve low-to-moderate income entrepreneurs, minority- and women-owned businesses, and other under-resourced communities. You must be at least 18 years old and own or plan to start a business in Texas.

Do I need to be in business already, or can startups apply?
Both startups and established businesses can apply. We welcome entrepreneurs at every stage of their journey.

What is the maximum and minimum loan amount available?
Our loans generally range from $500 up to $50,000, depending on your business needs and qualifications.

What can the loan funds be used for?
Funds may be used for startup costs, equipment, inventory, working capital, marketing, or expansion. We’ll work with you to make sure the use aligns with your business goals.

Do I need collateral to qualify for a loan?
Collateral may be required for some loans, but not all. We evaluate each application individually and look at the strength of your business plan as well as your financial history.

Are there restrictions on the industries or types of businesses you fund?
Yes, certain industries are restricted (such as gambling, adult entertainment, and speculative real estate). We can provide a full list during the application process.

Application & Process

How do I apply for a loan?
You can start by completing our online loan inquiry form or contacting our lending team. We’ll guide you through the steps and connect you with a loan officer.

What documents are required for the loan application?
Typical documents include a government-issued ID, business plan, financial statements or projections, tax returns, and proof of income. Startups may submit projected financials.

How long does the application and approval process take?
Most applications are reviewed within 2–4 weeks, depending on how quickly documents are submitted and the complexity of the request.

Do you require a business plan to apply?
Yes. A business plan helps us understand your vision, financials, and growth strategy. If you need help, BiGAUSTIN offers training and technical assistance to guide you.

What if I don’t have strong credit or collateral? Can I still qualify?
Yes. We understand that many entrepreneurs are just starting out. While credit and collateral are considered, we place strong emphasis on your business idea, plan, and ability to repay.

Loan Terms & Payments

What are the typical interest rates and repayment terms?
BiGAUSTIN loans have a fixed 10% interest rate.  Repayment terms vary depending on the loan program and amount, typically ranging from 12 months up to 5 years..

How are repayment amounts determined?
Repayments are based on the loan amount, interest rate, and term. Your loan officer will review a schedule with you before you accept funding.

Is there a penalty for paying off my loan early?
No. You are welcome to pay off your loan early without penalty.

How do I make loan payments?
Payments can be made online via ACH, automatic bank draft, or by mail. We’ll set up the method that works best for you.

Support & Technical Assistance

Does BiGAUSTIN provide help with preparing my application?
Yes. Our team can help you with your business plan, financials, and completing your loan application.

Will I receive ongoing business support after I receive the loan?
Absolutely. BiGAUSTIN provides training, workshops, and one-on-one business counseling to help you succeed long after the loan closes.

Can BiGAUSTIN connect me to training or business counseling services?
Yes. We offer classes, mentorship, and consulting tailored to entrepreneurs at all stages.

Special Considerations

Do you offer loans for veterans, women, or minority-owned businesses?
Yes. BiGAUSTIN has a strong focus on supporting underserved entrepreneurs, including veterans, women, and minority business owners.

Do I have to live in Austin/Travis County to qualify?
No. We primarily serve Central Texas, but many of our programs are available throughout the state of Texas.

Can nonprofit organizations apply for funding?
In most cases, our loans are designed for for-profit businesses. However, we encourage nonprofits to reach out about training, partnerships, and other resources.

After Funding

What happens if I fall behind on my payments?
If you experience financial difficulties, contact us immediately. We may be able to work out payment arrangements or provide counseling to help you get back on track.

Can I apply for another loan after I pay off my first one?
Yes. Many of our clients return for additional funding as their businesses grow.

How will a BiGAUSTIN loan help me build credit?
We report to credit bureaus, so making on-time payments can help build or strengthen your credit history.