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Success Story
Construction Firm – Business Plan and Cash Flow Projection
HMBEC developed a business plan and a seven-month detailed weekly cash flow projection for a small construction firm. The firm increased their working capital line-of-credit, and pursued the market recommendations of the strategic business plan. The firm has increased revenues from $5 million to $20 million a year, and was recently awarded a multi-million dollar contract to be the prime general contractor for a homeless shelter development in the Leeward area of Oahu.
“Without HMBEC, we would not have gotten this $14.2 million contract. This will take our company to a new level. We have been blessed with our association with HMBEC.”
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In accordance with 15 U.S.C. 1512, Section 1400 (Revised January 1, 2005), and Executive Order 11625, the following persons are defined as socially or economically disadvantaged, and eligible for MBDA assistance:
- African-Americans
- Puerto-Ricans
- Spanish-speaking Americans
- American Indians
- Eskimos
- Aleuts
- Hasidic Jews
- Asian Pacific Americans
- Asian Indians
In order for a business entity to be eligible for assistance, it must be a minority business enterprise (MBE). An MBE is a business enterprise that is owned or controlled (51 percent) by one or more socially or economically disadvantaged persons, as defined by the MBDA.
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