Irving is offering small businesses 0% interest loans of up to $100,000 — an effort designed to fuel growth, create jobs and strengthen the local economy.
IRVING, Texas — Irving is rolling out a new effort aimed at helping small businesses grow, offering 0% interest loans to expand access to affordable financing for local entrepreneurs.
The city has partnered with LiftFund to launch the Small Business Interest Buydown Program. The initiative provides interest-free loans ranging from $2,500 to $100,000 for eligible businesses, meant to help reduce financial barriers tied to expansion and long-term sustainability of small businesses.
The program is open to both new and established businesses and can be used for expenses such as payroll, equipment, inventory, startup costs and working capital.
To qualify, businesses must be located within Irving city limits, have operated for at least 24 months, be for-profit and employ 100 or fewer people.
LiftFund will host a free virtual information session on April 13 at 2 p.m. to walk applicants through eligibility requirements, the application process and how funds can be used. Participants will also be able to ask questions and receive guidance on submitting a strong application.
“This initiative reflects LiftFund’s mission to expand economic opportunity through accessible and affordable capital,” said Amy Hereford, president and CEO of LiftFund. “We’re grateful to the City of Irving for their partnership in supporting small businesses. When entrepreneurs grow, they create jobs, strengthen the local economy, and help communities thrive.”
The program is part of broader efforts to support business growth in Irving, a major North Texas economic hub. The city is home to more than 8,500 businesses, including eight Fortune 500 headquarters and more than 140 international companies. Major employers in Irving include Citibank, Caterpillar, Fluor, Microsoft, Wells Fargo, Kimberly-Clark, Verizon and McKesson.
With a population of more than 245,000 residents, Irving has also gained national recognition for its business environment, including being named the No. 5 hardest-working city in the U.S. by WalletHub in 2026 and a top destination for foreign business investment by the Financial Times in 2023.