Since the inception of the MBDA Business Center-El Paso, in April 2008, we have provided our clients with assistance in accessing capital in many ways and pride ourselves on the resourcefulness of our business consultants to connect our clients with financing opportunities, including loans, lines of credit, equipment leasing, and bonding (performance, bid, and payment). Our highly trained Business Development Specialists work closely with clients to find the right traditional and non-traditional routes of financing, including SBA guaranteed loans, microloans, factoring, gap financing, or Revolving Loan Funds.
Ways we outreach to our clients in search of financing include; weekly e-commerce alerts; website alerts; and our de (Let’s Talk About Money) Training Workshops which are held monthly in different parts of town, in both English and Spanish as required and feature information about lending options, how to write a winning business plan, and how to create financial projections. We also participate in community lending fairs, working closely with the SBA, the Small Business Development Center, the Veteran’s Business Association, and other resource partners.
Through these programs and services, to date, our MBDA Business Center has successfully matched our clients to $219,738,310 verified financing transactions, resulting in 1357 jobs created and 1351 jobs retained.