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Seeing our clients achieve key milestones is what drives our work at BCL of Texas. From startups that have expanded to multi-employee businesses to families buying their first homes, our success all comes down to you.
Las Ofrendas is a social enterprise that features handmade multicultural accessories, stationery, and home goods designed or curated by owner tk tunchez. As a steadfast advocate and supporter of the LGBTQ+, BIPOC, and Latinx communities, tunchez is proud that Las Ofrendas creates beautiful pieces for everybody and every gender that allows everyone to express themselves unapologetically and authentically. Each piece is infused with love and positive energy and intended to support each person on their journey.
The Community Loan Center (CLC) of Austin offers an alternative to payday loans for people facing unexpected bills. With a simple application process, loans up to $1,000 can be obtained with low interest rates and manageable repayment plans automatically deducted from paychecks. Don Molden, a satisfied customer, encourages others to consider CLC to avoid financial hardship.
When she began to get serious about buying her first house, Rose Perez sought out BCL of Texas to find out about programs available to help her get there.
“I wanted to have a safe environment for my kids, something that we could call our own, and to have a neighborhood that reflected who we are as well,” says Rose. She began to work one-on-one with HomeOwnership Center Manager Merecia Smith to start working toward that goal.
With help from BCL of Texas, Balinder Singh and his partners used the SBA 504 Loan program to purchase a historic building at the corner of 15th and Lavaca in downtown Austin for their new location. Word immediately spread of the one-of-a-kind dining experience and their mouth-watering Indian cuisine, and since then the profitable restaurateurs have opened a chain of quick service restaurants in the area and have created dozens of jobs in central Texas.
When Marqueta Grant retired after 22 years of military service, she knew she didn’t want to go back to a desk job. “My mother was a hairstylist and seamstress, and she worked for herself, so I know a lot about hair and clothing. When we were on deployment, all of the girls would ask me to get them the best products,” she said.
BCL is known for our small business lending programs, but did you know we also work with partners like city and local governments to help them reach small businesses for grants like covid-19 relief packages? Since the start of the pandemic, we have distributed over $11.5 million in grant relief funding to over 300 businesses.
Ruth and Arnold Guerra were born and raised in Gonzales, Texas, where they have opened hotels, restaurants, and built homes to meet their community’s needs. “We started with nothing,” Ruth said. Now, they have built over 100 homes in their community of 7,000 people.
I visited the Guerras and we drove around the town, as Ruth pointed out both homes she and her husband had worked on, as well as other neighborhoods of older homes in states of disrepair. Gonzales has not had new home construction in a long time. “Big builders are not going to come into this town,” Ruth said. In a previous subdivision, a builder constructed about 5 homes and then left town, the work unfinished. We drove past a 17-home affordable subdivision of 3-bedroom homes the Guerras built in 2009.
Now, they are building Angel Oaks, a 6-home development for median income families, featuring 3-bedroom ranch-style homes with yards. A longtime customer of BCL, having worked with us in the past for an SBA 504 loan, the Guerra family is now working with BCL’s wholly-owned subsidiary, Texas Community Builders for our new pre-development loan product.
The demand for median-priced new housing in Gonzales is apparent, as five of the Angel Oaks homes have already been purchased, just as groundbreaking has barely begun. Most of the buyers are people of color, and all are first-time homeowners. “People are getting out of renting and into their first homes,” Ruth said.
And as with their hotels, their construction business is a family venture. They’ve taught their two daughters skills in construction, management, and project administration. “In the big city, you get a job and you learn one thing,” Ruth said. She said her daughters are now prepared with a wide range of skills to take on all kinds of jobs.
“I’m really glad that Texas Community Builders is investing in small developers,” Ruth said. “I appreciate that they saw that we have projects that will benefit individuals that probably never would have been able to buy a home. Without Texas Community Builders, we would not have been able to do this project.”
Therapists and co-owners Debbie Mabray and John Leach used the SBA 504 Loan product to expand their business from a small location in Killeen to a beautiful new facility on a large acreage on the edge of town. The new location is highly appreciated by clients and employees alike.
Suite 500 Austin, TX 78701 P: 512.912.9884 F: 346.301.5752 NMLS #1114924
Suite 1220 Dallas, TX 75208 P: 214.688.7456 F: 346.301.5752 NMLS #1114924
Suite 2 San Marcos, TX 78666 P: 512.383.0027 NMLS #1114924