Houston Business Development Inc.
| Houston Business Development Inc. | |
|---|---|
| Institution Information | |
| Name | Houston Business Development Inc. |
| Project | Small Business Development Ecosystem of Houston |
| Classification | Development Center |
| Non-Profit Status | Yes |
| Cost | $ |
| Development Stage | Start-Up |
| Minorities | no |
| Women | no |
| Education | yes |
| Certification | no |
| Consulting | no |
| Coworking | no |
| Financing | no |
| Meeting | no |
| Mentoring | no |
| Networking | no |
| Contact Phone Number | (713) 845-2400 |
| Website | http://www.hbdi.org/ |
| Contact E-Mail | info@hbdinc.org |
| Copyright © 2016 McNair Center. All Rights Reserved. | |
The Houston Business Development, Inc. aims to stimulate economic growth, support small business expansion, and foster opportunities for low- and middle-income citizens in the Houston area. As a community lending organization, HBDi provides entrepreneurs and small business owners with access to capital and resources to start and expand their businesses. Since its establishment in 1986, it has provided approximately $82 million in small business loans in Houston, creating nearly 2,500 jobs for low- and middle-income Houstonians.
Contents
Services
Loans
Small Business Loan
Loans from $5,000 to $500,000
Working capital, Equipment, Furniture & fixtures and Real estate
Up to 25 year terms, fixed rates determined case-by-case
Fast Track Loan
$5,000 up to $25,000
Seven year term
Three day processing, low-fixed rates
Includes Management and Technical assistance
Start-Up Business Loan
Up to $150,000
33% Equity injection
Relevant Industry Experience
Detailed Business Plan
Sufficient Cashflow and Collateral
SBA 504 Loan
Up to $5 million
Commercial Real Estate, Renovations and Heavy Equipment
10% Down payment
Fixed below market rates of interest
Classes
Professionals from SCORE, Houston Business Development, Inc. and other agencies conduct classes covering topics including:
- Managing cash flows
- How to get small business loans
- Record keeping
- Understanding credit reports
- Low-budget advertising and marketing
- Planning for business growth
