Page 66 - FY 2025 Adopted Operating Budget and Business Plan

Business Plan Return to Table of Contents

Invest in Our Economy

Goal 1: Enhance Economic Impact Through Development and Redevelopment Efforts,
Partnerships, and Investment Opportunities
Objective 2: Build a Strong and Diverse Business Community
Project Performance Measure(s) Department(s)
IOE Small Business Initiative Interactions with Existing Businesses Economic Development
1.2.2
Summary:
While fintech loans are open to applicants of any
Staff is able to respond to information requests from small race/ethnicity, research suggests fintech lenders provide
businesses and provide referrals to relevant partner better racial equity outcomes.
organizations including the Tarrant County Small Business
Development Center, Chamber of Commerce, Downtown Fintech Loan Examples
Arlington, SCORE Fort Worth, TechFW and EpicMavs. In • OppFi
2025, staff will focus on business outreach and continue to $500-$4000
stay up to date on resources to assist businesses. Personal loans, credit card, paycheck tap
• Billd
$25,000 up to $6 million
Working capital, term loans, comm real estate
• Biz2Credit
Up to $500,000
Construction only- Payment direct to supplier
• Fundbox
Up to $1 million
Business loans, business financing
• Bondstreet
Up to $150,000
Business line of credit, term loans

FY 2025 Adopted Budget and Business Plan 57 City of Arlington, Texas