Texas Border Business
BROWNSVILLE, Texas – The Brownsville Community Improvement Corporation (BCIC) announced they are now accepting applications for their eBridge Fund Program.
One of main goals of the eBridge Fund program is for a business to use the funds to fill in financing needs and to serve as an economic development tool to encourage business expansion, employment opportunities, and invest in the community. The purpose for the eBridge Fund is to provide funds quickly in order to assist with retaining and creating jobs for the community.
“For many people, owning a business is a big part of achieving their dream. While certain obstacles exist for every business owner; minorities and veterans tend to face extra challenges when it comes to launching, growing, and running a successful business. The eBridge Fund will help them get over the hump they have historically faced due to their limited lending relationships,” said Victoria Padron, Director of Economic Development Finance for BCIC. “The success of the eBridge Fund program will be measured by the amount of money we can lend out to our community; it is a self-replenishing pool of money utilizing interest and principal payments from loans in place to issue new ones.”
