Financing
Texas Military Value Revolving Loan Fund
The Fund is designed for a threefold purpose:
- To assist defense communities in enhancing the military value of a military facility in their area.
- To provide financial assistance to defense communities for job-creating economic development projects that minimize the negative effects of a defense base realignment or closure decision that occurred in 2005 or later.
- To provide financial assistance to defense communities for an infrastructure project to accommodate new or expanded military missions resulting from a base realignment and closure decision that occurred in 2005 or later.
Benefit
The Revolving Loan Fund provides a low-cost source of financing to eligible defense communities who meet the application criteria.
The minimum amount of a loan is $1 million, while the maximum amount of a loan is determined by the availability of funds. The amount of financing that can be provided is also dependent upon the creditworthiness of the applicant.
The State may loan up to 100 percent of the cost of the described project.
Apply
For application information, contact the Texas Military Preparedness Commission at tmpc@governor.state.tx.us.
Administration
The Texas Military Value Revolving Loan Fund program is administered by the Texas Military Preparedness Commission.
Contact: tmpc@governor.state.tx.us.
