These supporters make the Microenterprise Technical Assistance Program possible:
United Way
Consulado General de Mexico en El Paso
GECU
City of El Paso
County of El Paso
Horizon City
Socorro City
PNC
Sunflower Bank
Liftfund
IRS
SBA
WestStar Bank
Vantage Bank
El Paso Collaborative Supporters:
CDFI
PNC
Sunflower Bank
Socorro City
Horizon City
El Paso County
City of El Paso
Paloma Medina p.medina@pvida.net
Erika Gardea e.gardea@pvida.net
microenterprise technical assistance program (mtap)
The Microenterprise Technical Assistance Program (MTAP) encourages business development and economic expansion in El Paso County with funding from the
City of El Paso, El Paso County, and other financial institutions. There is no cost to microenterprise owners to participate.
A microenterprise is a business with five (5) or fewer employees. Owners must work
full-time in the business and qualify based on HUD income guidelines. MTAP provides microenterprises the direct assistance they need to grow and be profitable.
MTAP Economic Development Specialists assist your micro-business with:
Visits to your location and follow-up to learn about and evaluate the needs of your business.
Help you create a business plan and financial projections with a clear description of future goals and a strategy to achieve them.
Monthly meetings with other microenterprise owners on different topics such as accounting, recordkeeping, financial statements, marketing, use of technology, and many other business-related topics.
Preparation for and access to loans through partnerships with micro-lending organizations, credit unions, and banks.
Our program offers assistance with business development, business and financial education, business start-ups, and business events and networking.
BIG DREAMS START SMALL
Vida market november 2023
El Paso Collaborative services
The El Paso Collaborative is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI) that provides equal access to capital and lending opportunities to micro-and-small businesses, business start-ups, home improvement, short-term mortgage and refinance affordable housing, and community facility loans to nonprofits. The Collaborative also provides financial literacy and development services to current and prospective borrowers. Loans range from $1,000.00 to $50,000.00. Larger loan requests will be considered. Interest rates do not exceed 10% interest rate. Terms range from 1 year up to 5 years.
CREDIT BUILDING PROGRAM
The El Paso Collaborative in coordination with Project Vida's Micro Technical Assistance Program (MTAP), offers loans to help those businesses in the MTAP program that need to establish good credit and assistance with minor business expenses. The funds must be used directly for business expenses and a plan to improve their credit will be prepared. Loan amounts for this program range between $1,000.00 and $5,000.00.