I am driven by my father's legacy of providing for his family despite all obstacles. Every day at BCL of Texas, I commit to creating economic equality and opportunity for Texans. I make business loans to businesses that provide livable wage jobs across the state.
I am Rosa Ríos Valdez, and I am BCL. #WeAreBCL
Announcing Fair Park West:
Right-priced homes coming to South Dallas
Texas Community Builders, our nonprofit community development sister company, is pleased to announce that we have been selected by the City of Dallas to build 12 homes for moderate-income households in the Jeffries Meyers neighborhood.
Our team specializes in home buyer education, pre-purchase counseling, and connecting homebuyers to down payment assistance resources to guide customers through all stages of becoming a successful homeowner. We are excited to begin work to build right-priced homes in South Dallas.
Harry Looknanan named Treasurer for BCL of Texas
We're pleased to name Harry Looknanan, Jr., as BCL of Texas Board Treasurer, after one year of service on our Board of Directors.
Mr. Looknanan Jr. is a Relationship Manager for JP Morgan Chase Business Banking, where he supports the needs of businesses with Commercial Financing and Cash Management solutions. As a professional business lender for more than 18 years, he is also experienced as a commercial realtor.
Mr. Looknanan said, "In my role as Treasurer, I plan to focus on actively participating in helping BCL obtain opportunities to deploy capital to our target market. My commitment to BCL stems from a genuine interest in supporting underserved populations in our great state."
Our mission is to Build Strong Communities by growing the Texas economy. That means funding growing business to create liveable wage jobs. Did you know we've created over 6,000 jobs since we were founded?
Meet the family who reduced their debt by $40,000 and paid off 5 Credit Cards in a year
Have you ever felt like you had so much debt you weren’t sure where to start even thinking about how to pay it off?
Our customers Amber and Bryce, who paid off $40,000 in car and credit card debt in one year, have some advice: Go ahead and take the plunge now. “If you don’t jump now, your situation is still going to be the same a year from now,” Amber said.
When Amber and Bryce came to us a year ago, they felt the same way. They had $130,000 in auto and credit card debt from cars and credit cards and felt overwhelmed. They wanted to grow their business and buy a home for their family of 4, but the debt held them back. Read their story here.
The City of Austin is a key partner in working with BCL to provide resources to entrepreneurs and consumers! This year, we've worked with the City of Austin for several programs and events, including:
Community Loan Center lending and financial education classes
Central Texas Girl Scouts pitch event
Austin Green Business Leaders
Declaring June as Austin HomeOwnership month
And now, [Re]Verse pitch - see details below!
What do fabric scraps, vinyl records, and furniture all have in common? They can all be turned into a business! [Re]Verse Pitch is an innovative social entrepreneurship competition designed to help start the next big venture. Come out to opening night on Feb. 10th! Learn More and RSVP Here.
Texas Community Builders, our community development sister company, met with Market Square Architects to discuss our first project working together.
Goal setting, decision making, money management, people skills, and business ethics were on display at the Girl Scouts of Central Texas Cookie Pitch competition.
BCL loan committee visits our downtown Austin office. We’re ready to fund small businesses across Texas!
Did you know: there are 50 Starbucks in Austin but 107 payday and auto title lending stores. At our City of Austin class, Cruz Correa talked about how payday loans are a quicksand solution.