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To assist micro-enterprises that have been negatively impacted by the COVID-19 pandemic, Houston Business Development, Inc. (HBDi) is pleased to announce that we have established the Micro-Enterprise Stabilization Loan Fund (MESLF). The Fund is designed to support the ongoing operations of eligible micro-enterprises by providing loans up to $10,00 with interest rates of 3% and 6-months of deferred payments.
Eligibility criteria:
· Have sales of less than $500,000.
· Located in a low to moderate income area of Houston
· Must have 6 months of operating history prior to February 6, 2020.
· Must be in good standing with state and federal obligations.
If you are interested in applying for a MESLF loan, an electronic application can be accessed at: HBDI MESLF APP. The page will ask you for your name and email for access to the application.
WBEA Women’s Business Center Coaches and Advisors are available to assist you in completing the application accurately and thoroughly. This will enable HBDI to give you a response quickly. Incomplete applications will not be considered. Upon submission of the completed application and the supporting documentation, you will be contacted within a few days regarding the status of your application and next steps. Be sure to share your response with your advisor.
Please note, funding is limited and applications will be considered on a first-come, first serve-basis. Book your appointment today. HBDI Loan Officers are available to respond to question during the process, for assistance connect at loans@hbdi.org or (713) 845-2406.
Please review the Guidelines to be sure you are prepared. It takes a community to recover-HBDI and the Women’s Business Enterprise Alliance WBC program is here to support you.
View Guidelines
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