Funding Solutions

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.

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

  • A Note On Start-Ups

    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.

  • Who WE Can Service

    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.

  • What We Look For

    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.

  • The Process

    • 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.

  • Pre-Qualification

    • 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.

  • BiGAUSTIAN Counties

    Bastrop———————————Bell

    Blanco——————————-—Burnet

    Gillespie———————————Hays

    Lampasas———————————-Lee

    Llano———————————-Mason

    McCulloch———————————-Milam

    San Saba———————————- Williamson

    Travis