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  • More
    • Home
    • ABOUT US
      • About Us
      • Our Team
      • Our Board
    • PROGRAMS
      • All Programs
      • Business Incubator
      • Venture Mentoring Service
      • Digital Marketing Series
      • Financial Accelerator
      • Innovation & AI Workshops
      • VMS Pitch Prep Sessions
      • Mija Pioneers
      • The Bridge Accelerator
    • RESOURCES
      • Access to Capital
      • Business Development
      • Grant Information
      • 10 Steps
      • Market Research
      • P21 Podcast
      • 2023 Annual Report
      • VC CORNER
    • EVENTS
      • Events and Key Dates
      • Innovation Awards
      • VMS Pitch Challenge
      • TX Venture Fest
      • EP Startup Week
      • El Paso Giving Day
      • Tacos & Tech-ila
    • Co-work Space
      • The Station
    • TEXAS VENTURE ALLIANCE
    • MORE
      • Donate Now
      • Contact

  • Home
  • ABOUT US
    • About Us
    • Our Team
    • Our Board
  • PROGRAMS
    • All Programs
    • Business Incubator
    • Venture Mentoring Service
    • Digital Marketing Series
    • Financial Accelerator
    • Innovation & AI Workshops
    • VMS Pitch Prep Sessions
    • Mija Pioneers
    • The Bridge Accelerator
  • RESOURCES
    • Access to Capital
    • Business Development
    • Grant Information
    • 10 Steps
    • Market Research
    • P21 Podcast
    • 2023 Annual Report
    • VC CORNER
  • EVENTS
    • Events and Key Dates
    • Innovation Awards
    • VMS Pitch Challenge
    • TX Venture Fest
    • EP Startup Week
    • El Paso Giving Day
    • Tacos & Tech-ila
  • Co-work Space
    • The Station
  • TEXAS VENTURE ALLIANCE
  • MORE
    • Donate Now
    • Contact

Access to capital

the 5 c's of credit - are you ready for financing?

Cash Flow

  • After you pay your monthly bills, do you have the funds to pay the loan/line/credit card? 

Collateral

  • Do you have cash/home/commercial property that you can use as collateral?

Capital

  • What is your income?
  • Is your business making money or reporting all losses?

Character

  • Is your credit score 640 or higher with no late payments, bankruptcies, tax or child support payments in at least 3-5 years?
  • Think of the 5-5-5 method
    • 5 years of no late payments
    • 5 open credit trades
    • 5 years of payment (do not let your credit just sit there)

Conditions

  • Is the business you are opening a hobby or a necessity in your service area?

COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) PARTNERS:



Borderplex Community Capital


 Borderplex Community Capital is a Community Development Loan Fund that supports economic development in El Paso County, Far West Texas, and Dona Ana County, New Mexico, by providing loans to impactful organizations that don’t meet the qualifications of traditional lenders. In particular, Borderplex Community Capital is committed to supporting nonprofits and small businesses operating in low-income neighborhoods. Borderplex Community Capital works to expand services, and therefore opportunities, to enhance the social fabric of the community.  

Borderplex Community Capital Loans



LiftFund


LiftFund is a private, independent, non-profit CDFI and Community Development Corporation (CDC) that supports small business owners with limited access to capital through small business loans and technical support for their dreams of entrepreneurship. 

LiftFund Loans



PeopleFund


PeopleFund provides flexible loans to small businesses, startups and nonprofit organizations across Texas. They focus on women, minorities, veterans, and businesses in low to moderate-income areas to make sure everyone has a chance.

PeopleFund Loans



Project Vida Microenterprise Technical Assistance Program


The Microenterprise Technical Assistance Program (MTAP) encourages business development and economic expansion in El Paso County with funding from the City of El Paso's Community Development Block Grant program, United Way, financial institutions, corporations, and various private sources. 

* A microenterprise is a business with five or fewer employees. Owner must work full-time in the business and qualify based on HUD income guidelines. 

Microenterprise technical assistance program



Saba Investments


Saba Investments is an early stage venture capital fund structures to identify and cultivate untapped investment opportunities in the Rio Grande Innovation Corridor, stretching from Albuquerque to El Paso-Ciudad Juarez. They look to invest in early stage companies that have some find of revenue and/or proven business model. They do limit their investments to $200,000.00 USD.

Saba Investments



U.S. Securities and Exchange Commission 


The Small Business Advocacy Office is an independent office via the bipartisan SEC Small Business Advocate Act to advance the interests of small businesses and their investors at the SEC and in the capital markets, from early-stage startups raising initial capital to later-stage private companies whose founders and investors are seeking liquidity, all the way to smaller public companies. The Office proactively works to identify and address unique challenges faced by women-owned, diverse, rural, and natural disaster area small businesses and their investors. 

U.S. Securities and Exchange Commission

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Member:  InBIA: Global Network of Entrepreneurial Ecosystem Builders InBIA 


Past newsletters:  Pioneers 21 (campaign-archive.com) 

  • Business Incubator
  • Venture Mentoring Service

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