Houston Business Development Inc
| Houston Business Development Inc | |
|---|---|
| Institution Information | |
| Name | Houston Business Development Inc |
| Classification | Development Center |
| Non-Profit Status | Yes |
| Development Stage | Early |
| Website | {{{URL}}} |
| Contact E-Mail | {{{email}}}URIs of the form "{{{email}}}" are not allowed. |
| Copyright © 2016 McNair Center. All Rights Reserved. | |
The corporation’s mission is to stimulate economic growth, support the expansion of small businesses, combat community deterioration and foster employment opportunities for low-moderate income citizens in the Houston metropolitan area and surrounding counties. As a non-bank, community lending organization, HBDi has served as a catalyst in providing aspiring entrepreneurs and small business owners with debt capital and access to an array of resources to start and/or expand their businesses. Since inception, the corporation has participated in funding approximately $82 million in small business loans in Houston, resulting in nearly 2500 jobs being created for low-moderate income citizens. Source: HBDi
Loan Programs
Small Business Loan
$5,000 up 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
Experienced professionals from SCORE, Houston Business Development, Inc. and other agencies are on hand to conduct classes covering a variety of topics including:
-Managing Your Cash Flow
-How to Get A Small Busines Loan
-Record Keeping for Small Businesses
-Understanding Your Credit Report
-Low Budget Advertising & Marketing
-Planning For Your Business Growth
