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PeopleFund
PeopleFund’s mission is to promote economic opportunity, stability and justice in under-served communities throughout Central Texas. We provide programs that help people build healthy small businesses, purchase safe and affordable housing and develop economic policies that benefit everyone in the community.
Our small business lending programs respond to the needs of community ventures by providing flexible loans, training and education that will:
1. create the opportunity for growth
2. stabilize business cash flow
3. enhance accounting proficiency
4. promote the wise use of credit
5. build individual and community wealth
Loan Products
Small Business Development Loans
Loan Amounts: $20,000 to $200,000*
Interest Rates: 8% - 13%
Terms: Up to 5 years
(Equipment, real estate & permanent working capital term
loans, working capital revolving lines of credit)
East Austin Commercial Real Estate Loans
Loan Amounts: $20,000 to $200,000
Interest Rates: 7% - 9%*
Amortization: Up to 25 years
Down Payment: 5% - 10%
Key Benefits of PeopleFund Loan Products:
- Low down payment or equity contribution
- Flexible underwriting criteria
- No pre-payment penalties
- Supportive staff that will assist with guidance and training to facilitate success.
Financial Services
PeopleFund is proud to offer free financial consulting to all our clients. Our services include assistance with all your small business needs including marketing, budgeting, accounting, and legal. In addition, PeopleFund has expanded its scope to include business classes open to the public. For more information contact Brad White, brad@peoplefund.org
BiG Austin
CCAACC
is pleased to announce our continued partnership with the
City of Austin to provide technical assistance, business education
training, procurement opportunities, etc., to the Greater
Austin community.
The
City of Austin’s Small Business Development Program
has collaborated with CCAACC to provide funding for the following
economic and business development services:
Business
Education Training is the second component of the City’s
BizAid initiative. CCAACC has assembled a team of experts
that are prepared to share their technical "know how"
with area business owners. Class topics include: Business
Plan Writing; Marketing; Cash Flow Management/Revenue Forecasting;
Preparing Financial Statements; and, Business Taxes.
View
the Course Calendar
May 2007
June
2007
To
register for one of the courses listed above, please visit
the City of Austin’s website at http://www.ci.austin.tx.us/sbdp/
and click on the ‘Calendar of Events’ tab listed
on the left-hand side of their home page.
Economic
Development Grant:
CCAACC along with the Austin Asian American and Greater Austin
Hispanic Chambers of Commerce are working with the City of
Austin to identify ways the minority Chambers can serve as
a resource and assist local companies with efforts to recruit
minority employees and purchase from minority-owned businesses.
The
City of Austin is providing funding for the minority Chambers
to host two fairs in the areas of procurement and employment
in 2007.
Financial
Readiness and Accessing Capital Technical Assistance Program:
The Greater Austin Hispanic Chamber of Commerce (GAHCC) is
the lead service provider for this program. GAHCC in partnership
with CCAACC will provide financial readiness assessments to
small business owners or entrepreneurs. Additionally, clients
will receive direct one-on-one counseling related to securing
a business loan. This program is another part of the City
of Austin’s BizAid initiative. Please visit http://www.hispanicaustin.com
to learn more about this program and other programs provided
by the GAHCC.
Launch
Your New Business Forward with Business Start-Up Orientation
every Tuesday at One Texas Center Client Services Room, 13th
Floor. To learn more about these orientations, contact BCL
of Texas at 512-912-9885 or via e-mail at bclbizassist@austintx.net
or visit (http://www.bcloftexas.org/).
BizAid Business Start-Up Orientations are conducted by business
professionals who provide basic information and guidance to
ensure your small business can soar.
BiGAUSTIN
is Central Texas` single-source solution for entrepreneurial
education, tailored business counseling and flexible loans.
BiGAUSTIN remains the leading non-profit micro-enterprise
development organization for a number of very specific reasons:
Vision
BiGAUSTIN fosters economic development as the resource for
small businesses to stimulate prosperity.
Mission
BiGAUSTIN assists small businesses to successfully grow by
providing comprehensive education, tailored business counseling
and flexible loans.
Experience
and Staying Power
BiGAUSTIN was the first micro-lending organization in Austin.
BiG opened its doors serving fewer than five clients. Today,
BiG has helped thousands of businesses turn their dreams into
a reality. Thanks to our strong financial supporters, we will
continue to pursue our vision to be the best source for entrepreneurs
to start, grow and fund their business operations.
End-to-End
Small Business Solutions
By delivering both small business financing and nationally-acclaimed
education, BiGAUSTIN is the single-source solution for entrepreneurs
who have limited time and prefer to form a single relationship
with one business development partner.
Comprehensive
and Innovative Entrepreneurial Education
Whether you are a new entrepreneur looking to evaluate and
perfect a business concept or an existing business owner interested
in strategically expanding an enterprise, BiGAUSTIN provides
nationally-acclaimed education written for entrepreneurs,
by entrepreneurs.
Flexible,
Affordable Smart LoansTM
BiGAUSTIN offers a variety of loan programs to fit the growing
needs of small businesses. With BiG`s Smart Loans clients
receive funding, education, and one-on-one counseling for
the term of the loan. BiGAUSTIN Smart Loans are flexible,
and affordable, with fast turnarounds. |
