The Commercial Real Estate Law Chapter covers zoning and land use variances. Public Financing One of government's primary interests is to expand the economy and increase opportunities for a wider cross-section of the population to participate in the economy. In a poor economy, businesses lay off employees, and people without jobs tend to vote against incumbent politicians. Therefore, politicians have created a variety of government programs that aim to promote the interests of businesses. One of the most important means by which the government seeks to help businesses is by making available various forms of public financing so that businesses can expand and grow.
Public financing is available from state, local, and federal sources.
Created by Congress in 1953 to help small businesses, the SBA provides financial, procurement, advocacy, and management assistance. Every year, the SBA guarantees bank loans totaling over three billion dollars for small businesses. For small businesses that qualify, SBA loans usually offer far more favorable terms than for other types of loans. Most SBA loans are for a long period of time and have a relatively low interest rate. There are various public sources of financing in Texas under the direction of the Texas Commerce Department, which has domestic business development, international business development, tourism, workforce, and public information divisions to address specific financing needs.