Home Business Emergency Relief Interest Rate Reduction

Interest Rate Reduction

The Interest Rate Reduction (IRR) Program is intended to facilitate lower interest rates to eligible applicants through a commercial lender. Through this program, lenders are able to receive capital for their loans from the Texas Comptroller of Public Accounts, who is authorized by the Legislature to offer below-market interest rates. These lower rates are then passed along to the borrowers, who may benefit from interest rate reductions of several percentage points.