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Success Story
Small Business Lending Institution – Client Referrals and Business Plans
HMBEC has referred a number of firms seeking financing to a lending institution that specializes in small business loans. HMBEC developed business plans for these firms and facilitated many successful financing arrangements.
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The HMBEC provides an initial free consultation to qualified minority persons or business enterprises.
For those persons or minority business enterprises (MBEs) that receive specific business or technical assistance, the fee schedule is detailed below.
| Gross Receipts of Business |
% of Cost to Client
|
Client Fee per Hour
|
| $0 - 99,999 |
10% of $100
|
$10.00
|
| $100,000 - 299,999 |
20% of $100
|
$20.00
|
| $300,000 - 999,999 |
30% of $100
|
$30.00
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| $1 million - 2,999,999 |
40% of $100
|
$40.00
|
| $3 million - 4,999,999 |
50% or $100
|
$50.00
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| $5 million & above |
60% of $100
|
$60.00
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