Difference between revisions of "Houston Business Development Inc."

From edegan.com
Jump to navigation Jump to search
Line 51: Line 51:
 
*Low-budget advertising and marketing<br />
 
*Low-budget advertising and marketing<br />
 
*Planning for business growth<br />
 
*Planning for business growth<br />
 +
 +
[[category:Public]]

Revision as of 15:51, 1 November 2016


Small Business Development Ecosystem of Houston
Houston Business Development Inc.
HBDi.jpg
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.

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