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BizAid Business Orientation

This no-cost class offered online serves as an introduction to resources available to small business owners as well as the various government agencies or organizations that you may need to reach out to along the way. It will get you introduced to the components of a business plan and various aspects of business development. This class would be beneficial as you begin to outline your business goals, whether you’re starting a new business or looking to expand.

Coaching Services

  • One-on-one, No-cost, and Confidential
  • Business Plan Review & Development Assistance
  • Marketing Plan Review & Development Assistance
  • Financial Readiness Assessment
  • Business Management Technical Assistance

Who Qualifies?

  • For-profit business located within the Austin city limits
  • Non-profit or located outside Austin city limits, limited to 6 hours

 

Fee: FREE
Contact the Small Business Program for coaching services at smallbiz@austintexas.gov.
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Commercial Property Requirements

Many small business owners are unaware of the rules and regulations that are involved in opening up a business with a physical location. This process can be quite extensive or short depending on the individual business proposal and property location.

The BizOpen orientation webinar covers the general development process including zoning, permitting, inspections, and the certificate of occupancy. Register for the webinar!

For help, questions and information please call (512) 974-7200 or email bizopen@austintexas.gov

 

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Family Business Loan Program

The Family Business Loan Program is a public-private partnership between the City of Austin, HUD, and participating private lenders to offer low-interest loans to qualified small businesses that are expanding and creating jobs. Our mission is to enable existing local businesses to expand and create jobs, revitalize communities, increase the tax base of the City of Austin, and enhance the overall quality of life for Austin residents.

For more information, call 512-978-2502 to set an appointment and discuss your project with a Loan Program Advisor.

Why borrow through the Family Business Loan Program?

  • Low Interest Rates: Significantly below regular market interest rates for a variety of business expansion projects
  • Repayment Terms: Flexible repayment terms to meeting project-specific needs and financing to fund a wide range of eligible activities
  • Low Equity Requirement: Only requires a 10% equity injection from the borrower, eliminating a common barrier to conventional financing

Who is eligible?

  • A private for-profit business, legally organized and a going concern for at least 2 years
  • Meet the size standards of the Small Business Administration (SBA)
  • Able to demonstrate sufficient profitability to meet repayment requirements
  • Willing to locate project in the Austin area as represented by Council 10-1 plan
  • Commit to create no less than one job (FTE) for every $35,000 borrowed

Additional Housing and Urban Development (HUD) and Small Business Administration (SBA) guidelines for eligibility and underwriting criteria may apply, all project must meet HUD National Objective/Public Benefit Standards.

What kinds of projects are eligible?

  • Acquisition of commercial and industrial land and buildings
  • Renovation and new construction of commercial and industrial buildings
  • Acquisition and installation of machinery and equipment
  • Refinancing of existing debt to an independent institutional lender (as part of a new project creating new job opportunities)
  • Working capital financing (only considered in conjunction with the total project and will not be financed independently)

** Loan funds cannot be used to reimburse costs incurred prior to completion of the HUD Environmental Review with the exception of project planning costs.
How to apply?

 

 

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Manage Your Cash Flow - Online Class
Cash flow- you can live and die by it. Many small business owners get stuck in the day to day business operations and fail to pay enough attention to cash flow. This class will help you understand cash flow and how to use it as a tool to keep your business healthy. This course will provide you with the fundamentals needed to manage, measure, understand and improve business cash flow. This class is taught by a University of Texas Instructor and counts toward the 6-course requirement needed to earn your Business Skills Certification.
Fee: FREE

Register Here
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MUST
REGISTER !

Small Business Accounting - Online Class
Accounting provides the framework to evaluate the financial health and success of a business. Small Business Accounting is a practical introduction to basic accounting concepts and primary financial statements. Learn some basic accounting knowledge and skills, so you can better evaluate new opportunities, manage current operations, ensure timely and accurate tax compliance and attract new partners or investors. This class is the precursor to the Introduction to QuickBooks. This class is taught by a University of Texas Instructor and counts toward the 6-course requirement needed to earn your Business Skills Certification.
Fee: FREE

Register Here
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