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Roxana Collazo’s inspiration to become a teacher began with her parents, who placed an emphasis on quality education. Her lifelong passion for learning led her dream of opening a dual language learning center but, as a first-time business owner, she knew she couldn’t turn to traditional lending sources. Roxana instead approached LiftFund, where she received a $150,000 SBA 7a Community Advantage Loan, which allowed her to purchase an existing business and open the Firefly Dual Language Academy.

“We want to give children a head start to their future by providing a dual language curriculum where they will learn how to read and write in both English and Spanish,” Roxana said.

When you find your passion, turn to LiftFund to make those #smallbiz dreams a reality! Check out our free online business tools, financial templates, and apply  for a small business loan today.

The post LiftFund Provides Educational Entrepreneur With Capital To Open Dual Language Learning Center appeared first on LiftFund.

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Roxana Collazo’s inspiration to become a teacher began with her parents, who placed an emphasis on quality education. Her lifelong passion for learning led her dream of opening a dual language learning center but, as a first-time business owner, she knew she couldn’t turn to traditional lending sources. Roxana instead approached LiftFund, where she received a $150,000 SBA 7a Community Advantage Loan, which allowed her to purchase an existing business and open the Firefly Dual Language Academy.

“We want to give children a head start to their future by providing a dual language curriculum where they will learn how to read and write in both English and Spanish,” Roxana said.

When you find your passion, turn to LiftFund to make those #smallbiz dreams a reality! Check out our free online business tools, financial templates, and apply  for a small business loan today.

The post LiftFund Provides Educational Entrepreneur With Capital To Open Dual Language Learning Center appeared first on LiftFund.

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Adrienne Velazquez, a professional hair stylist with more than 20 years of experience, was working in a San Antonio-based salon when she learned of an opportunity to buy a local shop and make it her own.

Despite her lack of management experience, Adrienne soon bought the space and reopened it as Joyez Beauty Salon. Adrienne knew that she needed help to run a successful business, so she was grateful when a church member referred her to the LiftFund Women’s Business Center (WBC).

“I wanted to grow my business and take it to the next level,” said Adrienne, who attributes her salon’s success to WBC Director Margot Slosson. “Margot connected me with the LiftFund lending team and suggested that I take a business course at the WBC.”

After her first WBC class, Adrienne enrolled in the LiftFund Women’s Business Accelerator (WBA), an 8-week program that helped her to develop confidence in her financial abilities and management skills. The WBA program also helped her to establish professional boundaries, work toward a business revenue point, and create incentives for employee education.

The WBC also connected her with LiftFund, where she was able to secure a loan to update her salon with environmentally-friendly business features. Today, Adrienne employs four stylists and expects to add three additional stylists as she expands her business in 2018.

To learn more about the Women’s Business Center and other offered programs, visit www.liftfund.com/wbc. To apply for business capital to start or expand your business, visit www.liftfund.com/loans.

The post LiftFund’s WBC: Salon Owner Finds Small Business Resources, Growth appeared first on LiftFund.

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Eric Breish found success in a number of careers, from his work at creative firms to his time as a corporate risk analyst, but he always knew his true passion was in art. 

Eric worked in the corporate world for nearly a decade— devoting his nights and weekends to his art—before he decided to become a full-time artist in 2015.

Three the Hard Way |Eric Breish – Grim State

His unique style and mesmerizing paintings began reaching new audiences in shows and galleries throughout Texas, and eventually expanded to private and public collections throughout the nation.

When Eric relocated to San Antonio, Texas, he discovered LiftFund and the Women’s Business Center’s Art Tank program. He soon applied and was accepted to the program, which featured eight weeks of in-depth workshops, roundtables and networking opportunities.

“I recognized the names of most of the program’s presenting artists and experts, and I knew it would be helpful to get an inside look of the art world from a gallery’s perspective,” he said.

Through the program, Eric was able to visit and speak with industry experts, and past Art Tank graduates. Through the courses and speakers, he was able to learn more about the grant writing processes, business plans, and tax strategies that help creative businesses grow. 

As the founder and owner of Breish Fine Art Studio, Eric plans to continue working with the WBC staff and hopes to refer the program to younger local artists who are looking to learn more about possible creative careers.

“I’d recommend the WBC as a place where people can find education and talk to other professionals for free, which is beneficial to any entrepreneur, but especially artists,” Eric said.

For more information about the Art Tank program, visit womens-business-center.liftfund.com/programs


For free business tools, visit www.liftfund.com/learn

The post Artist Expands Studio Through LiftFund’s Art Tank Program appeared first on LiftFund.

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By Kristen Mosbrucker  – Reporter, San Antonio Business Journal
Apr 2, 2018, 1:41pm CDT Updated Apr 2, 2018, 7:19pm

Houston-based Woodforest National Bank awarded an investment and grant combination totaling $1.2 million to San Antonio-based LiftFund Inc., a local nonprofit organization that connects entrepreneurs with seed capital in more than a dozen states.

“It’s our goal to continuously develop innovative solutions that support small businesses and entrepreneurs,” Doug Schaeffer, community reinvestment act executive director and executive vice president at Woodforest National Bank, said in a news release.

Woodforest National Bank is also very active with the Maestro Entrepreneur Center, another non-profit small business incubator in San Antonio.

The bank’s overall net income was $88.3 million as of December 2017, records show. It had nearly $10.3 million in commercial and industrial loans on its books at the end of 2017. Woodforest had $5.3 billion in total assets as of December 2017 and $4.8 million in deposits.

In the San Antonio-New Braunfels metro area, Woodforest National Bank holds about $50 million in deposits as of June 2017, the most recent data available. It has more than 700 offices across its footprint and 19 in the San Antonio market.

In February, LiftFund was awarded a $350,000 grant from Wells Fargo for a similar program. In January, LiftFund stood up a special fund worth $7 million for small businesses impacted by Hurricane Harvey.

In its more than 20 year history, LiftFund has underwritten $270 million in capital and maintains a 95 percent repayment rate each year — in accordance with its board of directors expectations.

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View full story online here

The post Houston-area bank grants $1.2M to LiftFund appeared first on LiftFund.

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When Rob Martindale left his well-paying, unsatisfying career to pursue his passion for Texas craft beers, he had one goal in mind.

“I wanted to wake up every morning, ready to have fun at work,” he said.

Rob opened Big Hops – a bar dedicated to celebrating and elevating local breweries — but he realized there a growing demand for a fun, accessible space to experience and enjoy great beer.

“We were doing what no one else in San Antonio was,” Rob said, and people were lining out the door to discover and experience the unique drinks Big Hops had to offer. The bar’s popularity quickly grew and expanded to several locations.

In 2016, Rob decided to move one of his bars to a new location, but he needed help. He visited LiftFund, where he secured a loan needed to cover the new bar’s construction and inventory. Rob has since opened an additional location, and is creating a Big Hops franchise that can be developed by entrepreneurs throughout the state.

“It’s still a challenge to spread the gospel of beer, but we are up for it,” he said. “We are fortunate to be a part of something bigger than ourselves.”

When you need an extra lift to achieve your goals, LiftFund is here for you. Check out our free online business tools, financial templates, and apply  for a small business loan today.

 

The post Big Hops: Taps into Local Beer Demand, Grows with LiftFund appeared first on LiftFund.

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Chef Yolonda Henry managed Nuksy’s Fine Catering— a popular full-service catering business based in Houston —  for 15 years before Hurricane Harvey hit the area in late 2017.

The storm swept away everything in its path, including Yolonda’s catering equipment and inventory, and damaged Nuksy’s building structure. Yolonda knew that she needed to find a new location quickly if she wanted to continue Nuksy’s business operations.

Yolonda discovered the Texas Small Business Rebuild Initiative, a $7 million loan relief program developed in a partnership between LiftFund, Goldman Sachs, and Rebuild Texas Fund, designed to support small businesses affected by Harvey. 

Thanks to the program, Yolonda  was able to secure a loan to rent a second location near downtown Houston, purchase new equipment and expand her business by introducing new services.

“I know there are a lot of clients who rely on us, and are good to us, so I really wanted to find an outlet to continue my business,” she said.

She publicly credited the initiative for providing Nuksy’s with “the funding, the opportunity to be here, and the loan assistance, [which] has really helped us get back on track. [Now] we’re growing.”

No matter what your small business is going through, LiftFund can help! Get the business capital you need to grow or expand by applying for a small business loan today, or check out our free online business toolsfinancial templates to get started.

The post LiftFund Loans: Helping Texas Businesses Rebuild After Harvey appeared first on LiftFund.

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By JAN ROSS PIEDAD • Texas Public Radio, The Source

MAR 19, 2018

It’s only been 30 years since the passing of H.R. 5050 in the United States, which granted women the right to secure business loans without a male co-signer and created the National Women’s Business Council.

Listen to the full audio here

What’s changed since then and what more needs to be done?

San Antonio is a top city for women-owned businesses based on “economic clout” – the number of firms, employment and revenue  – over the last 15 years, as well as a nationwide leader for employment vitality, according to a 2017 report.

What makes San Antonio different from other Texas cities when it comes to building a business? What issues matter to women entrepreneurs?

Has the #MeToo movement spurred change in the demand or support for women-owned businesses?

Guests: 

“The Source” is a live call-in program airing Mondays through Thursdays from 12-1 p.m. During the live show, call 210-614-8980, email thesource@tpr.org or tweet at @TPRSource. Leave a voicemail with your questions and comments in advance by calling 210-615-8982.

The post Women Entrepreneurs Want More Business In San Antonio appeared first on LiftFund.

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Author: Norman L. Paul, Jr., J.D.

CEO of SWBC PEO

In order to be a successful business owner, you must wear multiple hats – each with distinct responsibilities. You must be the Director of Sales – since you best can oversee the marketing of your company to prospective customers. You must serve as the Chief Operating Officer – since as the owner you must manage all aspects of your company’s operations. Finally, you must serve as the HR Director – since ultimately you are responsible for overseeing the countless administrative functions that owners must ensure are performed on an ongoing basis – especially those related to hiring, paying, and supervising your employees. As you are aware, balancing these responsibilities can be challenging with many ups-and-downs along the way.

But what if you could free yourself of many of the HR tasks associated with employment such as payroll and HR duties so that you could focus more of your attention on your more profitable sales and operational functions. You can – it’s called outsourcing!

Outsourcing is the process of utilizing an outside organization to take care of the reoccurring day-to-day business functions like payroll, HR, employee benefits, etc. Companies of all sizes often resort to outsourcing for numerous reasons—from cutting costs to increasing efficiency to reducing risks.

Recently, LiftFund has partnered with SWBC ThriveHR to bring you a state-of-the-art HR platform to help you streamline your payroll operations and much more! LiftFund and SWBC ThriveHR help business owners take back some of the time they spend on burdensome administrative duties and operations like payroll, taxes and other HR related tasks.

As shown below, by outsourcing your HR functions to SWBC ThriveHR, you can save countless hours, administrative costs and thereby improve your bottom line.

Spend More Time on Important Business Matters

According to a recent study from the National Small Business Association (NSBA), 60% of business owners handle their own payroll, with 43% of them spending up to 10 hours of processing time a month.ⁱ That’s 120 hours a year you spend processing payroll checks and making sure you follow all the federal laws that come along with payroll processing. As you may already know, payroll is much more than just cutting checks – it’s dealing with compliance issues, tax reporting, and filing; and ensuring all proper deductions from checks, like child support and other garnishments, are handled correctly. Why not outsource and gain back those 120 hours so you can focus on generating sales, networking, and training and developing employees.

Keep Up-to-Date with Payroll and Employment Laws

In addition to the time it takes to process payroll, you must factor in the time it takes you to keep up with the latest employment laws set by the government. If you fail to comply with these laws, your business can face large financial penalties that could cause your business to close its doors. After all, you started your business to offer great products and services to customers, not to worry about keeping up with the many payroll related laws and regulations. Outsourcing allows you to leave this responsibility to the experts that understand the payroll laws—allowing you to focus on other important business matters.

Protect Your Payroll Data

As a business owner processing your own payroll, you may still be doing it manually or using an over-the-counter unsecure payroll software program. These types of payroll processing methods could potentially expose you to a cyber breach and compromise your employee data. However, as your company grows, your payroll and personnel needs grow, too, and having access to state-of-the-art software and technology could be the answer. Organizations that offer outsourcing operate on the most advanced HR technology platforms that are the very best in the industry and protect your payroll data.

To learn more about SWBC’s ThriveHR, and our payroll and HR outsourcing platform, click here and schedule a free consultation.

 http://www.nsba.biz/wp-content/uploads/2014/04/NSBA-Tax-Survey-2014.pdf

The post The Advantages of Outsourcing Your Payroll and How It Can Help Your Business appeared first on LiftFund.

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