Credit Junction recently announced a partnership with the Houston Minority Supplier Development Council (HMSDC) that will provide millions in support for minority-owned businesses. Credit Junction supports small businesses through its online lending platform and has pledged $100 million to small businesses within the city of Houston with this new partnership.
The strategic partnership will provided needed support to the rapidly growing number of small businesses in America’s fourth largest city. Such capital would have been difficult to obtain via traditional financing sources.
“Traditional sources of capital have often fallen short in supplying the needs of small businesses, particularly when it comes to minority-owned businesses,” Robert Gonzalez told Business Wire. Gonzalez is the Director of Development and Consulting Services of HMSDC.
The HMSDC is a non-profit organization that is home to more than 700 minority-owned small businesses and several major corporations in the Houston area. The Council hopes these funds will boost growth of both small business and the region at large.
“Houston is a growing, thriving city, thanks in many ways to a diverse number of industrial, oil and gas and healthcare businesses to name a few,” Gonzalez said. “Our partnership with The Credit Junction helps to ensure that our small business community receives the opportunity to access the capital essential to develop and thrive as leaders.”
