Goldman Sachs Houston & Dallas

Goldman Sachs Houston & Dallas

10,000 Small Businesses is an investment dedicated to stimulating job growth and creating economic opportunity.

The program is based on the broadly held view of leading experts that this is best done by providing small business owners with a combination of practical business education, financial capital and business support services. To this end, Goldman Sachs and The Goldman Sachs Foundation have invested $500 million, disbursed in loan amounts from $50,000 to $400,000. Funds may be used to cover working capital, purchase equipment and inventory, buy another business, make tenant  improvements, finance real estate, and engage in business-related construction. In Lift Fund’s service area, this program is available only in the Houston market.

What is the program’s focus?

Practical Business and Management Education: Funds go toward scholarships, faculty training and technical assistance. Education focuses on practical accounting, marketing and human resources management.

Access to Capital: Community Development Financial Institutions (CDFIs) receive a combination of lending and philanthropy designed to increase the amount of growth capital available to small businesses in underserved communities.

Business Support Services: The program provides vital support services to small business owners through partnerships with national and local business organizations, professional services firms and the people of Goldman Sachs.


The program is directed at small business owners with limited resources whose businesses show potential for growth. Applicants must demonstrate a commitment to growing their business and creating jobs within their community. Additionally, they must be located in Houston, Chicago, Long Beach, Los Angeles, New Orleans or New York.

Eligible candidates will have:

  • business revenues between $150,000 and $4 million in the most recent fiscal year
  • been in operation for at least two years
  • at least four full-time employees
  • operations in economically disadvantaged areas
  • a business model that could scale to create more jobs

Key Loan Terms

The 10,000 Small Businesses loans are 5-year loans ranging from $50,000 to $400,000. The interest rate will be based on the three month LIBOR + 7.5%. Collateral is required.

Download a Goldman Sachs Loan Brochure (in PDF format)