Finding Financial Assistance for Your Business in 2018

Finding Financial Assistance Business 2018

The new year will bring in fresh adventures for your business. Whether you’re planning to expand or relocate, there are various organizations willing to help you better understand any difficulties regarding paperwork, business plans and finding financial assistance.

Explore incentives that can benefit your business! With over a $500 million retail potential within a 10-minute radius, you can find success in Alamo!

LiftFund

For over 20 years, LiftFund has been providing credit and services to small businesses and entrepreneurs lacking access to loans from commercial sources. It can assist your business with various financial templates, business plans and seminars during the year.

PeopleFund

Founded in 1994 as the Austin Community Development Corporation, PeopleFund’s financial and educational assistance efforts have helped thousands of peoples’ dreams of owning a business come true. Some of their resources include small business and non-profit lending, online learning opportunities, business planning, financing, marketing, legal aspects and more. They even have tailored programs like PeopleVet and PeopleSpring to help your business get the boost it needs.

UTRGV’s Small Business Development Center

UTRGV’s Small Business Development Center provides business training with management and technical assistance seminars to strengthen commercial performance and sustainability. Ranging from pre-business planning to marketing, bookkeeping, accounting and management, these seminars are designed for new and current small business owners and managers to acquire information to make their company’s ventures successful.

These seminars are conducted by professional advisors who evaluate existing business operations and startup plans. Small businesses work closely with advisors to develop tailored plans to gain insight for commercial success.

Partnering with the Alamo EDC

The Alamo EDC understands that having an assortment of programs and incentives is necessary for commercial success. That’s why we’ve partnered with PeopleFund and UTRGV’s SBDC for several seminars throughout the year. In addition to available programs and seminars, the EDC also has incentives for your business expansion or relocation efforts.

Accessible Programs

The Alamo EDC encourages and supports comprehensive approaches that emphasize the city’s local initiatives, private sector opportunities and self-sufficiency. Some of the accessible programs we offer include:

  • Grants to new and existing businesses based on available resources only for offsite improvements where the resulting asset falls within public domain, such as but not limited to: water distribution, sewage collection, drainage, public thoroughfares, medians, street lighting, solid waste collection, signage, etc.
  • The USDA-Rural Development: Intermediary Relending Program (IRP) is another resource for rural communities. EDCs can borrow money from the USDA at 1% for a maximum term of 30 years and acts as intermediary-relending money to ultimate recipients.
  • The USDA-Rural Development: Rural Business Enterprise Grant (RBEG) helps EDCs with rural projects that finance and facilitate the development of small and emerging rural businesses and helps fund distance learning networks and employment-related adult education programs.
  • Tax Increment Reinvestment Zones provide tax increment financing for projects within identified areas.

Building a Lasting Foundation

The Alamo EDC is here to help improve your business outlook and the local commercial environment. By working together with LiftFund, PeopleFund and UTRGV’s SBDC, we can assist you. For more information about our business empowerment initiatives, contact us today!

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