The Southeast Texas Economic Development Foundation, as a part of it's mission, provides small business financing options to qualifying enterprises. We recognize the importance of small business as the backbone of the US economy. It is widely accepted and reported by experts, small businesses account for nearly 80% of the workforce, and nearly half of the GDP. Small businesses are crucial to supporting our major industries and the products they produce for the rest of the world. The Southeast Texas Economic Development Foundation is a financial advocate for locally owned businesses seeking to expand existing enterprises or bring a new concept to market.