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At BCL of Texas, we have the privilege of working with entrepreneurs who are committed to serving their communities. Yeneli Flores-Hurtado, owner of Children’s Town Center Daycare, is a shining example of this. We had the pleasure of sitting down with her to hear her inspiring story of transformation, a journey we were proud to be a part of.
Yeneli came to us with a vision: to acquire a second daycare location in Bastrop, Texas, and transform a neglected space into a safe, welcoming environment for children. The building was an old, dilapidated structure with holes in the walls, outdated floors, and a general state of disrepair. Yet, Yeneli saw its potential. As she told us, “The walls had holes. The floor was really outdated. The carpet was old and dusty, but I had a dream of a second location, and I knew I could make it work.” The location was perfect, with retail, housing, and schools nearby. Her dream, however, hit a significant roadblock.
Traditional banks refused to provide financing, forcing Yeneli into owner financing, a challenging path that nearly ended her dream before it began. With no capital to fund necessary renovations, the building sat empty and uninviting. Parents would tour the facility, but as Yeneli shared, “…the place was not ready to show. The paint is horrible, there are holes in the wall… as a parent, I hated that I had to do tours and people had to see all those things.” Without the ability to enroll new students, there was no way to finance the needed improvements.
That’s where BCL of Texas stepped in. Our team worked with Yeneli to secure a loan to fund the full remodel. Yeneli found the process a breath of fresh air. “BCL of Texas was very easy to work with,” she said. “The openness and the way that [our loan officer] made it so clear, so easy, I mean, as opposed to what I’ve been through before, it was really easy.” The funds were disbursed quickly, allowing her to begin renovations almost immediately. The loan covered a new entrance, fresh paint, new walls to define classrooms, new windows, and even roof repairs.
The results have been transformative. The once-neglected space is now a bright, clean, and safe environment. With renovations well underway, parents are now comfortable paying full tuition rates, and enrollments are on the rise. “This transformation means that parents will have access to daycare in their neighborhood,” Yeneli told us. For Yeneli, this success is about more than just business; it’s about giving back. “To me, it’s not just about being able to run a business… but also having the ability to serve the families of this community. Those that needed a safe and happy place to leave their children.”
We are proud to have supported Yeneli’s vision and look forward to seeing Children’s Town Center Daycare thrive. Her story is a powerful reminder that with the right partner, every entrepreneur has the potential to make a meaningful difference. If you have a business dream that you are struggling to finance, don’t give up, BCL of Texas is here to help.
For David Azuara, starting Always Local Heating & Air Conditioning wasn’t just about building a business—it was about building purpose. David discovered BCL through the Greater Austin Hispanic Chamber of Commerce and was immediately drawn to their mission and approachable team. “We reached out to BCL to get help securing the right kind of funding to grow responsibly.”
#WeAreBCL: Leo Pozzobon. Leo joined our team just over three months ago, and he’s been an indispensable asset ever since.
Amidst the celebration of Hispanic Heritage Month, we sat down with our founder Rosa to share her perspective on being a Latina leader in the realms of economic development and finance. We discussed her challenges, her inspirations, and her unwavering commitment to empowering underserved communities.
BCL is proud and grateful to have worked with the SBA to adapt to the new guidelines and rapidly accommodate the influx of PPP applicants. During the month of May, we dispersed our largest volume of small business loans ever in such a short period of time. In total, we loaned over $4.8 million to nearly 200 small businesses across the state during the second round of the Paycheck Protection Program.
Before covid-19 hit, veteran-owned business Eagle Pride Supply was going strong - growing their business revenue 24-fold over just a couple of years. As an essential business providing supplies for government contracts and more, owner Patrick Myers was ready to weather the storm. But as smaller businesses shut down, suppliers tightened credit, and the consumer spending slowed, the effects of the prolonged shutdown began to affect his business too.
BCL processed just over $1,000,000 of PPP loans within hours of the Round 2 PPP opening. As promised, the SBA staggered the submission process to allow smaller non-profits and community banks a first opportunity to submit our loans for approval. The race to get PPP funding was slowed down so that small businesses could have ample time to get their documentation to their lenders. And unlike the first round of PPP that was allocated within a few days, there is PPP capital available and BCL is here to help with your application.
We’re pleased to name Harry Looknanan, Jr., as BCL of Texas Board Treasurer, after one year of service on our Board of Directors.
In a political climate where grant dollars and subsidies are dwindling, many nonprofit organizations are finding it difficult to stay sustainable and continue to deliver much-needed services to their community, having to turn to alternative funds, such as borrowed capital, to follow through on their mission. As Director of Community Development for BCL of Texas, I recognize that when organizations must take on debt to continue their programs, that debt must be as flexible and affordable as possible in order to reduce the burden on those the organization is committed to serve.
BCL is so proud to announce that Jackie Jones, our Director of Mortgage Lending, was named one of Mortgage Professional America’s Elite Women of 2018! MPA’s annual list features top women in the mortgage industry who are expertly leading and shaping a more diverse industry.
If you want to start a business, you’ve probably thought of using your savings, asking friends and family for help, putting expenses on your credit card, and applying for a traditional bank loan. The first two options work well, provided you’ve got a little socked away and your nearest and dearest believe in your dreams as much as you do. The third could put your personal credit in serious jeopardy, not to mention racking up some crazy interest charges. The fourth, traditional bank loans, aren’t always easy to come by when you’re an entrepreneur (perhaps surprisingly). That’s where microloans come into the picture.
In all the headlines about destruction and rebuilding in the wake of Hurricane Harvey, one narrative is consistently missing: the small Texas towns outside of the Houston area that are dealing with the same devastating impacts, but with less infrastructure, less national attention, and less support.
BCL of Texas stands in solidarity with our neighbors across Texas who have been affected by Hurricane Harvey. We stand ready to help, and to connect you to the resources you need to put your life and business back together.
With 27 years of experience, BCL is committed to building strong communities across the state of Texas. Our toolbox consists of customized lending, small business, and homeownership solutions to promote economic vitality.
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