Difference between revisions of "Houston Business Development Inc."

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|Contact Phone Number=(713) 845-2400
 
|Contact Phone Number=(713) 845-2400
 
|email=info@hbdinc.org
 
|email=info@hbdinc.org
|Project=[[Small Business Development Ecosystem of Houston]]
+
|Project=[[Guide to Small Business in Houston]]
 
|Networking=no
 
|Networking=no
 
|Education=yes
 
|Education=yes
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==Services==
 
==Services==
===Loans===
+
===Loan Programs===
 
====Small Business Loan====
 
====Small Business Loan====
Loans from $5,000 to $500,000<br />
+
Loans from $5,000 to $500,000, up to 25-year terms, fixed rates determined on a case-by-case basis<br />
Working capital, Equipment, Furniture & fixtures and Real estate<br />
+
Requirements: working capital, equipment, furniture & fixtures and real estate<br />
Up to 25 year terms, fixed rates determined case-by-case<br />
 
  
 
====Fast Track Loan====
 
====Fast Track Loan====
$5,000 up to $25,000<br />
+
Loans from $5,000 to $25,000, seven-year terms, low fixed rates, three day processing<br />
Seven year term<br />
+
Includes management and technical assistance<br />
Three day processing, low-fixed rates<br />
+
 
Includes Management and Technical assistance<br />
 
 
====Start-Up Business Loan====
 
====Start-Up Business Loan====
Up to $150,000<br />
+
Loans up to $150,000, 33% Equity injection<br />
33% Equity injection<br />
+
Requirements: relevant industry experience, detailed business plan, sufficient cashflow and collateral<br />
Relevant Industry Experience<br />
+
 
Detailed Business Plan<br />
 
Sufficient Cashflow and Collateral<br />
 
 
====SBA 504 Loan====
 
====SBA 504 Loan====
Up to $5 million<br />
+
Loans up to $5 million, 10% down payment, interest rates fixed below market rates<br />
Commercial Real Estate, Renovations and Heavy Equipment<br />
+
Requirements: loan must be used to finance commercial real estate, renovations, or heavy equipment<br />
10% Down payment<br />
 
Fixed below market rates of interest<br />
 
  
 
===Classes===
 
===Classes===
Professionals from SCORE, Houston Business Development, Inc. and other agencies conduct classes covering topics including:<br />
+
Professionals from [[Score Houston|SCORE]], Houston Business Development, Inc. and other agencies conduct classes covering topics including:<br />
*Managing Your Cash Flow<br />
+
*Managing cash flows<br />
*How to Get A Small Business Loan<br />
+
*How to get small business loans<br />
*Record Keeping for Small Businesses<br />
+
*Record keeping<br />
*Understanding Your Credit Report<br />
+
*Understanding credit reports<br />
*Low Budget Advertising & Marketing<br />
+
*Low-budget advertising and marketing<br />
*Planning For Your Business Growth<br />
+
*Planning for business growth<br />
 +
 
 +
[[category:Public]]

Latest revision as of 14:55, 3 November 2016


Small Business Development Ecosystem of Houston
Houston Business Development Inc.
HBDi.jpg
Institution Information
Name Houston Business Development Inc.
Project Guide to Small Business in 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.

Services

Loan Programs

Small Business Loan

Loans from $5,000 to $500,000, up to 25-year terms, fixed rates determined on a case-by-case basis
Requirements: working capital, equipment, furniture & fixtures and real estate

Fast Track Loan

Loans from $5,000 to $25,000, seven-year terms, low fixed rates, three day processing
Includes management and technical assistance

Start-Up Business Loan

Loans up to $150,000, 33% Equity injection
Requirements: relevant industry experience, detailed business plan, sufficient cashflow and collateral

SBA 504 Loan

Loans up to $5 million, 10% down payment, interest rates fixed below market rates
Requirements: loan must be used to finance commercial real estate, renovations, or heavy equipment

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