Events

HBDi Loan Products Seminar

Posted in: Events, Upcoming Events by HBDi on March 16, 2012 | No Comments

CALLING ALL SMALL BUSINESS OWNERS! Be sure to mark your calendar for Thursday, April 26th, 2012 from 6:00pm to 7:00pm to attend the upcoming HBDi Loan Products Seminar! Don’t miss out on a great opportunity to learn how you can grow your business and obtain flexible, low-interest rate loans for your working capital needs, equipment purchases or real estate acquisition and renovations.  The seminar will be held at the United Way of Greater Houston located at 50 Waugh Drive, Houston, TX 77007 and is free to the public.

You’ll learn about the various types of loans available at HBDi ranging from $5,000 up to $5,000,000, including 90% financing for commercial real estate under the SBA 504 loan program.  Loan officers will be on hand to answer all of your questions and discuss the eligibility requirements, terms and conditions, application process, credit requirements and much, much more.  Also, we will process, pre-approve and fund (within 72 hours) up to $25,000  for each completed FAST TRACK Loan Application received during the seminar.* Don’t wait!  Visit our registration page today to reserve your seat and download your FAST TRACK Loan Application here.

Please click here for additional information about the seminar and HBDi or call us at 713-845-2400.

*limited to the first 15 applicants and subject to the qualifying criteria.

Hope for Galveston Businesses

Posted in: Company News by HBDi on March 15, 2012 | No Comments

Galveston Business Recovery Loan Program

In September of 2011, Houston Business Development, Inc. (HBDi) co-administrated a program with the Galveston Economic Development Partnership (GEDP) to award $2 million in disaster recovery loans to 64 Galveston-based businesses affected by Hurricane Ike.  The program provided businesses, located on Galveston Island during the storm, access to loans to help cover expenditures for operating expenses, equipment, working capital, and furniture and fixtures.  The loan proceeds were a welcomed capital infusion, and relief business owners had sought for some time.  Funding for the program was allocated by the State of Texas Community Development Block Grant (CDBG) Disaster Recovery Program via the Texas Department of Rural Affairs (TDRA).

Businesses – through email, the city’s website, and via television – on May 27, 2011.  In coordination with GEDP, the Baptist Ministers Association, Small Business Development Center (SBDC), Galveston Chamber of Commerce, National Association of Advancement of Colored People (NAACP), and the Hispanic Chamber of Commerce, community outreach meetings were conducted from May 31 – June 7 to further disseminate information pertaining to the parameters of the loan program.  Applications were released to the public on June 6, 2011 with the official application submission period beginning on June 13, 2011.  To round out the program’s marketing campaign, informational meetings including GEDP and HBDi staff held on June 7^th & 8^th were attended by over 100 Galveston-area businesses.  The application submission period concluded on August 8, 2011, and GEDP collected 107 applications in response to the program.

HBDi Credit Manager, Benneth Okoyeze (left) with G'Wiz Enterprises business owner, David Torkelson (center) and GEDP Program Manager, John Tindell

The Galveston City Council approved the rollout of the program on May 26, 2011 which was announced to Galveston-area

As a co-administrator for the program, HBDi was able to provide the seasoned underwriting expertise needed to evaluate the application packages and render recommendations for approval.  Upon completion of this process, the packages and recommendations were sent to the Texas General Land Office (TGLO) for final approval and disbursement.

With over 25 years of experience in supporting the expansion and development of small businesses, HBDi is able to provide low interest rate financing for working capital, equipment, furniture and fixtures, and real estate acquisition ranging from $5,000 to $5 million.  To learn more about the services of HBDi, contact a loan officer at 713.845.2400 or visit us at www.hbdi.org .

TXDot Small Business Briefing-Houston

Posted in: Events by HBDi on March 5, 2012 | No Comments

Houston Business Development, Inc. (HBDi) participated in a business outreach forum on March 1, 2012 focused on conducting business with TxDot, and other public and private sector organizations.   The event which was held in Houston at the Omni Hotel Westside assembled a diverse group of over 400 people from the  public, and private sectors to discuss opportunities of doing business with TxDot and other state agencies.   The luncheon keynote speaker for the day-long event was Dr. Audrey Andrews, Director of Business Diversity for the State of Texas, who talked about the current economic climate for the state of Texas and opportunities for small business owners.  The attendees consisted of a broad spectrum of businesses from industries including engineering, real estate, construction and information technology services, and they took advantage of the resources provided.

The briefing discussions, structured in a concurrent breakout session format, focused on financial resources for small businesses, marketing businesses to the state, small business certifications, and technical assistance for small business development.   As a forum exhibitor and resource partner, HBDi was available to assist business owners with assessing capital to support the growth and expansion of their businesses.  Through various loan products, HBDi is able to provide low-interest rate financing for working capital, equipment, furniture and fixtures and real estate acquisition ranging from $5,000 to $5 million.  To learn more about the services of HBDi contact a loan officer at 713.845.2400.