Hispanic Business Initiative Fund Services

Financing your Business

B. Johnson, Hispanic Business Initiative Fund — Fri, 05 Mar 2010 16:58:32 GMT

Financing your Business
Updated 3/5/2010 10:58:32 AM

Micro-Loans

ACCION USA
HBIF is a proud partner of ACCION USA, Florida's largest micro lender, which provides financing between $500 to $50,000 to small business entrepreneurs who do not qualify for a traditional bank loan due to poor or lack any credit history. This program is available all small business owners in Florida.

Anyone interested should stop by the HBIF offices in downtown Orlando to apply for a loan or to request more information about the program. The information is available in English and Spanish.

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SBA Loans

For companies who are looking for more than $50,000, an SBA loan may be the best option.� SBA loans are offered through private banks with an SBA guarantee.�

Some of the bank requirements to qualify for a SBA loan are:

Credit score of at least�620
Business plan
Capital injection of at least 30%
Industry experience

HBIF can assist you obtain a SBA loan by creating a business plan, preparing the loan application and presenting your business concept to�the bank.

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Conventional Loans�

Conventional loans are generally available for existing companies who are seeking to expand their business.� To qualify for conventional lending the company and owner(s) must have a good credit history and be in a solid financial position.� For more information on conventional loans please contact your bank representative as banks have varying loan products and requirements.

Technical Assistance

B. Johnson, Hispanic Business Initiative Fund — Fri, 26 Jun 2009 20:54:25 GMT

Technical Assistance
Updated 6/26/2009 3:54:25 PM

HBIF offers one-on-one analysis to determine the strengths, weaknesses, opportunities and threats of the entrepreneur and their business.� This process provides the entrepreneur with a customized technical assistance service package to address the short and long-term needs of the existing or prospective business.�

HBIF offers specialized technical assistance scholarships for the following services:

Accounting assessment
Business plan development
Corporate identity
Legal structure assessment
Loan application preparation
Marketing plan development
Quickbooks training
Web page development

Free Seminars

B. Johnson, Hispanic Business Initiative Fund — Thu, 11 Jun 2009 17:43:10 GMT

Free Seminars
Updated 6/11/2009 12:43:10 PM

Weekly Orientation Session - "How to Start a Business"

HBIF offers free weekly orientations in Spanish designed to provide basic information and resources to help entrepreneurs start a business.� Topics include: licenses and permits, state regulations, financing options, and business development services offered by HBIF.

Click�here to�view�Orientation Session dates and locations.

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Seminars

HBIF's bilingual seminar series offers entrepreneurial training in specific topics, which are critical to Hispanic entrepreneurs interested in starting or expanding their business in Florida. These seminars will help entrepreneurs make critical decisions needed to become successful and, in turn, help the economic development of the region. These seminars are facilitated in Spanish by industry experts and are offered at no cost.

Click�here to�view�Seminar�and Workshop dates and locations.

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The Contractor's Academy

HBIF in partnership with the Expressway Authority offers a free, 7-week bilingual workshop to help facilitate the development of successful construction businesses in Florida.� You must reserve your seat to participate. One representative from each company will be allowed to participate.

Click�here to�view�Contractor's Academy dates and locations.�

Services

B. Johnson, Hispanic Business Initiative Fund — Wed, 10 Jun 2009 17:33:38 GMT

Services
Updated 6/10/2009 12:33:38 PM

HBIF�offers seminars and�technical assistance services which will help Hispanic business owners build or grow successful enterprises.