Funding Solutions

BiGAUSTIN has been committed to meeting the unique financial needs of new and existing entrepreneurs since its inception in 1995.

As a local non-profit and micro-lender, BiGAUSTIN provides a streamlined loan process that allows for rapid loan decisions.

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Certification

BiGAUSTIN is a Community Development Financial Institution (CDFI) certified by the U.S. Department of Treasury.

 

All loans require collateral

Terms: 1-to-6-year payback period

Pay minimal direct loan processing costs

Start-up business (min 3 months of operation): up to $15,000

Existing business (min 1 year of operation): up to $35,000

 

Business Investment Growth (BiGAUSTIN) is a technical assistance provider and impact lender that supports small business owners and their communities in the fight for economic, racial, and social justice. We work side-by-side with growing small business leaders and solopreneurs through our integrated model: combining impact-first Restorative Capital and Pro Bono Business Advising with our Good Jobs Innovation Lab that propels thriving communities with equitable jobs.

If you wish to apply, you must:Be at least 21 years of age,  Have more than 51% interest in your business,  Have the business located in the regions BiGAUSTIN serves,  Be a for-profit business,  Be unable to qualify for / afford a conventional bank …

Loan qualifications

Be at least 21 years of age,
Have more than 51% interest in your business,
Be a for-profit business,
Be unable to qualify for / afford a conventional bank loan,
Have a written business plan,
Be a U.S. citizen / legal resident / "Stateside" foreign-owned business,
Be in good standing on federal, state, county, and municipal taxes,
Carry full auto and liability insurance,
Have no active bankruptcy.

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Capitol • Capacity • Credit • Character • CollateralCapitol: The borrower’s equity interest in the business and business loan.Capacity: The businesses ability to repay projected debt service.Credit: The borrower’s willingness and ability to pay.Char…

Capitol • Capacity • Credit • Character • Collateral

Capitol: The borrower’s equity interest in the business and business loan.

Capacity: The businesses ability to repay projected debt service.

Credit: The borrower’s willingness and ability to pay.

Character: False or unrealistic statements on applications and outstanding legal issues will count against an applicant’s character. Good character is shown by references, a clean workplace, and business experience.

Collateral: Individual or business assets that can be used to secure the requested loan.

• Fill out a Pre-Qualification Application below.• Once you are pre-qualified, schedule an appointment with our a Loan Officer so you can pick up application forms and go over supporting documentation requirements.• Processing of the application wil…

• Fill out a Pre-Qualification Application below.

• Once you are pre-qualified, schedule an appointment with our a Loan Officer so you can pick up application forms and go over supporting documentation requirements.

• Processing of the application will take 2-4 weeks.

• If you are approved, we will prepare the legal documentation and schedule a closing date.

•At closing, we'll present you with the check.

Why we require future clients to submit pre-qualification applications.• The short application allows us to run a credit report, get an approximate view of the current financial situation, and go over a few eligibility questions.• In short, the pre-…

Why we require future clients to submit pre-qualification applications.

• The short application allows us to run a credit report, get an approximate view of the current financial situation, and go over a few eligibility questions.

• In short, the pre-qualification application allows us to insure that there are no "show-stoppers" before you spend your valuable time on the complete application.

•Fill out the Pre-Qualification form below to get started on a path to success.