Gilbert Washington
Commercial Lending | Community Development | Economic Development | Project Management | SBA Loans
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🌟Important Announcement for Businesses and Homeowners Impacted by the Recent Natural Disaster (Houston Region)🌟If you are located in a declared disaster area, you may be eligible for financial assistance from the U.S. Small Business Administration (SBA). Here’s a breakdown of the types of disaster loans available:1. Business Physical Disaster Loans:Loans for businesses of any size and private non-profit organizations to repair or replace disaster-damaged property, including real estate, inventories, supplies, machinery, and equipment.2. Economic Injury Disaster Loans (EIDL):Working capital loans to help small businesses, small agricultural cooperatives, businesses engaged in aquaculture, and most private non-profit organizations meet their financial obligations during the disaster recovery period.3. Home Disaster Loans:Loans for homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.Credit Requirements:- Credit History: Must be acceptable to SBA.- Repayment Ability: Must demonstrate the ability to repay all loans.Interest Rates:Interest rates depend on whether you have Credit Available Elsewhere, determined by SBA. Rates are fixed for the loan term.-Physical Damage Loan Rates:- Home Loans: 2.688% (No Credit Available Elsewhere) / 5.375% (Credit Available Elsewhere)- Business Loans: 4.000% / 8.000%- Non-Profit Organizations: 3.250%- Economic Injury Loan Rates:- Businesses & Small Agricultural Cooperatives: 4.000%- Non-Profit Organizations: 3.250%Loan Terms:Terms are up to 30 years, with a maximum of 7 years for businesses with credit available elsewhere. SBA sets repayment terms based on each borrower’s ability to repay. Collateral may be required.Loan Amount Limits:- Business Loans: Up to $2,000,000 for repair/replacement of property.- EIDL: Up to $2,000,000 for economic injury.- Home Loans Up to $500,000 for real estate and $100,000 for personal property.Eligibility Restrictions:- Only uninsured or uncompensated disaster losses are eligible.- Secondary homes, personal pleasure boats, airplanes, RVs, and similar properties are ineligible unless used for business.- Noncompliance with previous SBA loans may affect eligibility.Mitigation and Refinancing Assistance:- Additional funds may be available for mitigation improvements to protect property against future damage.- SBA can refinance mortgages for businesses and homeowners who meet specific criteria.Application Filing Deadlines: Physical Damage: July 16, 2024 Economic Injury: February 18, 2025For more detailed information and to apply, visit the SBA website: https://lending.sba.gov/To contact your local SBA office: disastercustomerservice@sba.gov1-800-659-2955Stay safe and take advantage of the support available to help you recover and rebuild! 💪✨#DisasterRelief #SBA #BusinessLoans #HomeLoans #EIDL #SmallBusiness #FinancialAssistance
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Gilbert Washington
Commercial Lending | Community Development | Economic Development | Project Management | SBA Loans
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H-GALDC aims to stimulate economic development in the region by leveraging programs such as SBA’s 504 product. Its an amazing program. It’s has helped up implement our mission to identify and fund viable projects, with an emphasis on rural and underserved communities.
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Gilbert Washington
Commercial Lending | Community Development | Economic Development | Project Management | SBA Loans
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A huge thank you to the hosts, SCORE and all involved in making the SBA Awards Houston event at the Royal Sonesta Galleria a resounding success! It was an honor to sponsor and celebrate the remarkable contributions of Small Businesses to our Houston community.The workshops, networking opportunities, and inspiring talks from keynote speakers Beth Mund and Arturo Machuca truly made this event unforgettable. Congratulations again to all the deserving SBA Award winners for their outstanding achievements.Looking forward to more enriching events like these that celebrate and support Houston Small Business Entrepreneurs! #SBAHouston #SCORE #HoustonSmallBusiness
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Gilbert Washington
Commercial Lending | Community Development | Economic Development | Project Management | SBA Loans
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Live Update from Gulf Coast Economic Development District Board Meeting:The GCEDD board meeting is underway! The board will discuss crucial economic matters and make impactful decisions for our community.This particular meeting will provide insightful presentations on CEDS outline, Broadband Initiative Update, fair housing, workforce development, and more.Let's work together towards a brighter economic future!#LiveUpdate #GCEDD #EconomicDevelopment #CommunityImpact #GulfCoast #NowHappening
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Gilbert Washington
Commercial Lending | Community Development | Economic Development | Project Management | SBA Loans
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Project Description - Please respond to the following questions with 2-3 sentences or bullet points. lisc.tfaforms.net🌟 Grant Opportunity Alert! 🌟Are you a community leader or organization passionate about making a difference in Houston neighborhoods? One of our partner organizations, LISC Houston, is thrilled to announce the launch of their Small Grants Program for 2024!LISC Houston believes in the power of community-driven solutions to address challenges and create positive change. That's why they're offering grants of up to $5,000 to 501c3 and 501c4 groups and organizations working in 16 targeted neighborhoods across Houston.The Small Grants Program aims to support projects that advance quality of life, strengthen community neighborhoods, and connect to local plans like Complete Communities and Super Neighborhoods. They're looking for initiatives that focus on areas such as affordable housing, education, economic development, health, safety, and more.If your project aligns with their mission and serves one of their target communities, they encourage you to apply! The application process is straightforward, and they're there to support you every step of the way.Key Dates:Grant Announcement: April 2, 2024Q & A Workshop [virtual]: April 11, 2024 (https://lnkd.in/g9CeFN_X)Application Deadline: April 30, 2024, at noonAnnouncement of Awards: May 31, 2024Grantee Introduction Meeting: July 17, 2024Small Grants Showcase: December 4, 2024For more information and to apply, visit LISC Houston's website: https://lnkd.in/gYVbGJER Let's work together with LISC Houston to build stronger, more vibrant communities in Houston! #CommunityDevelopment #SmallGrants #HoustonNeighborhoods
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Gilbert Washington
Commercial Lending | Community Development | Economic Development | Project Management | SBA Loans
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Houston, spread the word! The Houston Fund for Social Justice and Economic Equity is set to award an additional $3 million in grants to small businesses and nonprofits led by diverse leadership. This final phase of the $20 million Open For Business program, launched in February 2022.This program prioritizes organizations with 50 or fewer employees, led by people of color, and dedicated to social and racial justice. Grants, ranging from $5,000 to $100,000, will support tangible assets crucial for growth. Submit applications on March 12th via the Houston Equity Fund's website. Let's empower our communities together! #SocialJustice #smallbusiness #EconomicEquity #Grants #houston
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