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?
BORDERPLEX COMMUNITY CAPITAL
We believe in the power of community and the importance of working together to achieve our goals. At Pioneers 21, we empower individuals and communities to create lasting change. Explore our website to learn more about our mission and how you can get involved.
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.
No Border Ventures
No Border Ventures is an early-stage investment firm backing resilient, mission-driven founders in the Southwest and Latin America. The firm invests in entrepreneurs solving complex challenges in fintech, logistics, energy, and manufacturing. These founders draw on lived experiences to drive innovation that transcends
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.
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 busi
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 m