HBDi is pleased to have assisted thousands of small businesses and aspiring entrepreneurs over the years; helping them obtain affordable small business loans and providing management and technical assistance services to grow and expand their operations.
Their success has had a significant impact on the vitality of the Houston economy creating jobs, stimulating the tax base and revitalizing our communities. Here are a few of the many businesses we have helped to expand.
The Renaissance Cooperative
The Renaissance Cooperative, a joint venture of Neighborhood Recovery Community Development Corporation (NRCDC) and Macgregor Area Community Development Corporation (MACDC), was created in August 1993 to stimulate economic growth, commercial development, and attract investment into the Third Ward community.
Getting off to a rapid start was no problem for Joey’s Engine, a production engine re-manufacturer, which built 139 engines in its first three weeks of operation. The company soon outgrew its leased facility and in order to keep up with production demand began looking for alternative space.
Holiday Inn Express
With the revitalization of downtown Houston underway, Intercontinental Hotels Group concluded that a void existed for moderately priced hotel rooms. Armed with a solid business plan, hotel experience and equity, the company was able to secure debt capital from Metro Bank and HBD to open a new four-story, 112 room, Holiday Inn Express conveniently located adjacent to the George R. Brown Convention Center and the new Toyota Sports Arena.
Kim Son Restaurant
In 1982, the La family, immigrants from Vietnam, established their first Kim Son Restaurant at 2108 Pease Street in the Chinatown area. Within ten months, the restaurant moved to a larger facility at 1801 St. Emmanuel, and by 1986, a second location was opened in Southwest Houston at 8200 Wilcrest.