Access to capital resources
Having access to capital for your business is incredibly important, as it allows business owners to be able to continue to grow and continue to positively impact the economy.
It's important to not be afraid to expand your business operations if there’s enough demand to justify it. You’ve heard the old saying – you must spend money to make money – and this is especially true when spending to improve your business capacity.
Fundica
In response to feedback Extraco bankers have received from small businesses throughout central Texas, we are offering an online solution called Extraco LINC x Fundica. The platform aggregates various loans, grants, tax credits, accelerator programs and more based on key indicators of your business. These indicators include:
- business headquarter zip code
- year of creation
- number of full-time employees
- last year of revenue for the business
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KIVA
Kiva is a microfinance lending platform that provides capital for businesses by crowdsourcing funds from our very own community. As a community-backed solution, Kiva makes access to capital more equitable. It acts as a first rung on an otherwise inaccessible financial ladder, creating an important new path to the financial mainstream.
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BCL of Texas
BCL of Texas believes that financing for your business should be custom-built to fit the needs and goals of your business, not the other way around. Whether you’re looking to purchase your first building, create an environmentally friendly storefront, use working capital to expand your operations, or just need some personalized coaching to get you on the right track, BCL is here to help.
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McLennan Community Investment Fund
The McLennan Community Investment Fund (McCIF) is a Texas Nonprofit Economic Development Corporation created with the primary purpose of lending to unbanked or underbanked small businesses located in or owned by those who reside in specific census tracts in McLennan County, TX. As an emerging Community Development Financial Institution or CDFI, numerous benefits to micro-enterprises, small businesses, and non-profit organizations are available through loans and business development programs.
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