Loan Packaging Service
In 2011, EGBI launched a pilot program to offer Loan Packaging Services to assist first time borrowers. EGBI assisted five start up companies obtain a total of $100,000 in loans via traditional and non-traditional avenues.
EGBI’s service includes financial education, business plan improvement, development of accurate financial projections, and preparation of loan requests for any lender in the Greater Austin area.
EGBI helps you identify if you could qualify for financial assistance from a traditional or a nontraditional lender. EGBI staff has expertise in financial lending and an extensive network within the various lending sources, including the five nonprofit micro lenders that service Austin.
If you are interested in this service, please contact Barbra Boeta at firstname.lastname@example.org.
A hairstylist since 1990, Brenda Carrera graduated from EGBI’s Building Success Program in 2007 and began working on a business plan. Although she had to put her plans on hold, her entrepreneurial spirit did not allow her to give up on her dream. At the end of 2010, she was offered the opportunity of taking over the hair salon where she was working. In a time where small businesses have trouble getting financing, Ms. Carrera turned to EGBI for assistance. Through our loan packaging service, she received guidance on updating her business plan and financial projections. With a strong loan package, she was successfully approved by A+FCU for a term loan that allowed her to buy the business assets, remodel the location, and support her business operations for the first three months. Ms. Carrera’s own Hair Central Salon began operations in May 2011. She currently has five full time employees and her annual revenue in 2011 exceeded $84,000.
“…Thank you for the time you dedicated to enhancing my business plan and cost projections. I sincerely appreciate the key role you played in this process and I am extremely grateful for the service provided by EGBI…”
~ Brenda C., Hair Central Salon
- “In the end, all business operations can be reduced to three words: People, Product and Profits. EGBI connected me with a network of people who have given me great insight as to how to enhance my product in order to effectively generate profits.”
Jairo J., A Clean Hand Residential Cleaning Services
- “Through EGBI's array of business support, services, management and contacts, we now have the anchor needed to successfully accelerate into international markets!”
Jacquelyn T., Kids-N-Technology