Eastside revolving loan fund - SAN antonio for growth on the eastside, INC. (sage) will use $800,000 in CED funds to establish the eastside revolving loan fund (erlf), to expand small businesses and…

The Department of Health and Human Services Administration for Children and Families awarded $800,000 to San Antonio For Growth On The Eastside, Inc. (SAGE) on September 30, 2025, under the Community Services Block Grant Discretionary Awards program (CFDA 93.570), Community Economic Development funding track.

SAGE established the Eastside Revolving Loan Fund (ERLF) to provide affordable capital and capacity-building support to four locally owned small businesses in San Antonio's Eastside: Tank's Pizza, D & N Kitchen, Con Huevos Tacos, and Bright & Morning Star Christian Learning Center. The fund supports new business formation and expansion of existing operations for businesses that historically struggle to access capital and growth resources. SAGE issued loans to these four businesses and provided wraparound employee support services including childcare referrals, transportation assistance, and emergency assistance for housing, utilities, or food. The project is positioned to create 30 new full-time jobs, 23 of which will be filled by individuals with low income.

The award period runs through September 29, 2028, with work performed in Texas. This award represents one of two Community Services Block Grant awards SAGE holds from HHS Office of Community Services; the organization also carries a $2 million Federal Highway Administration grant for infrastructure connectivity work on the Eastside and a $150,000 HHS CED Planning Grant for public market development.

Eastside revolving loan fund - SAN antonio for growth on the eastside, INC. (sage) will use $800,000 in CED funds to establish the eastside revolving loan fund (erlf), to expand small businesses and create jobs in the eastside of SAN antonio, texas. The fund will provide affordable capital to locally owned businesses, many of which struggle to access capital and resources necessary for growth and sustainability. CED funds will be used to issue loans and provide capacity building support to four local businesses to support a new business or expand their existing operations. The four businesses identified for the loans are tank's pizza, d & n kitchen, CON huevos tacos, and bright & morning star christian learning center, positioned to create a collective 30 new jobs. Sage will partner with local organizations to provide wraparound services for employees hired at these businesses, including childcare referrals, transportation assistance, and emergency assistance for housing, utilities, or food. The project will create 30 new jobs, 23 of which will be filled by individuals with low income.