BCIC Hosts Bilingual Session to Guide Small Businesses on Funding Opportunities

This was originally published on City of Brownsville

The Brownsville Community Improvement Corporation (BCIC) held a bilingual information session, “Let’s Talk About Money for Your Small Business,” to help local entrepreneurs explore funding options for their ventures. The session, held in both English and Spanish, focused on two main BCIC programs: the Recovery Fund and the eBridge Fund.

Led by BCIC Chief Operating Officer Victoria Padron, the event provided guidance to businesses of all stages, from startups to established entities seeking growth.

“Through these programs, we aim to provide small businesses with the financial support they need at every stage of their journey,” Padron said. “The Recovery Fund offers relief to businesses impacted by the pandemic, while the eBridge Fund provides flexible financing options for those looking to grow, expand, or relocate.”

The Recovery Fund is one of the last COVID-19 relief options available for small businesses. It offers 0% forgivable loans up to $20,000, even to businesses that previously received pandemic-related aid, such as PPP. The goal is to support businesses in retaining employees and addressing revenue losses from the pandemic.

Meanwhile, the eBridge Fund is a revolving loan program available to Cameron County businesses. It offers loans ranging from $15,000 to $50,000, with interest rates as low as 6.35% and terms up to 15 years. The fund is tailored for businesses that cannot access traditional bank financing or seek more competitive rates, providing support for working capital, real estate, and equipment.

During the sessions, Padron outlined the application process, eligibility requirements, and the benefits of each program, aiming to empower local businesses with the tools to thrive in Brownsville’s growing economy.