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#GivingTuesday at Grindstone Coworking

#GivingTuesday at Grindstone Coworking

Giving Tuesday at Grindstone Coworking

Here at Grindstone Coworking, the last quarter of the year is jam packed with holiday events and parties. It seems as if Halloween fades into Thanksgiving, Black Friday, Cyber Monday, Christmas, and New Year’s celebrations. But in the middle of all this is #GivingTuesday. Giving Tuesday is a movement to create an international day of giving at the beginning of the holiday season. Here at Grindstone Coworking, we partnered up with two non-profits in the middle of a busy week to give back to the community. The first non-profit was the Boys & Girls Clubs of Edinburg. We donated our training room and hand waves of volunteers come in to help raise money for the clubs to fund education and enrichment programs for youth in the area. Second, we worked with TechTuesdays, a Code RGV initiative, to host a Tech Ed talk.  Check out the highlights below:

 

Member Spotlight: Eduardo Robles

Member Spotlight: Eduardo Robles

Meet Eduardo Robles, a remote technology solutions expert, up-and-coming entrepreneur, and our featured Grindstone Coworking member this week in our Member Spotlight Series. In this Series, we sit down with Eduardo in a rapid fire Q&A to find out a little bit about him, what he does, and how he works in Grindstone Coworking while being a Hive Effect member.

Q: Tell us about your business? What do you help your clients do?

I run a business where I provide remote desktop support for my clients. If a client’s computer needs to be fixed I do what I can to fix it remotely.

Q: How did you get started?

I always had a passion for technology and tinkering with gadgets so I decided to put my skills into a business. I got the opportunity to start my own business in late 2015 when I saw a potential to gain clients who were looking for low cost and fast technology solutions.

Q: How long have you been with your business?

For less than a year.

Q: Where did your passion for said business come from?

As a kid I remember I built my own doorbell for my room. I learned about basic principles of electricity and how to build a simple circuit with an AA battery, an LED bulb, and some wire. I built my simple doorbell which wasn’t really a doorbell because it didn’t have a ‘bell’ but I had fun building it. Since then I had been interested in technology, specifically gadgets.

Q: What’s your creative outlet?

I like to discover new music and reconnect with classic music as well.

Q: Where is your go-to place to relax?

My place of peace and relaxation is my couch with my wife and 2 dogs.

Q: Where is your go-to place to fun?

I enjoy going to the movies a lot. At least once a month, I try to go see a new movie. I love cinematography, production, and the experience of going to the movie theater.

Q: What’s your favorite book?

“George Washington Gomez” by Americo Paredes.

Q: What’s your favorite part about working at Grindstone Coworking?

The people I get to interact with are great so I really enjoy the conversations we have about business, news, and life events. Consequently, I’ve learned a lot since I joined the team. 

Q: What’s the best advice you’ve received that has helped you with your business?

Make sure you are always prepared for the next step.

Q: What kind of music do you like listening to while you work?

While I work I listen to wide range of music; anything from Electronic/Dusbstep, Rap/Hip-Hop, and Metal/Rock. Fast paced music helps me stay concentrated.

Q: What streaming service do you use? Pandora, Spotify, Apple, Other?

Spotify FTW

Q: Apple or Android?

Both, I’m a geek like that.

Q: What’s one tip for mobile workers you would like to share?

Invest in good gear like a bag/backpack or computer. If you’re going to be a mobile worker, efficiency can really help with productivity.

Q: What’s your favorite social media platform? Why?

I like Twitter because it has the ability to show a wide range of topics in a narrow environment.

Q: What lead you to own your own business rather than go work for a company?

I once saw a video in which entrepreneur Gary Vaynerchuk spoke about treating employees better than he treats his clients. I image the statement came as a shock to many entrepreneurs but it made perfect sense to me. Vaynerchuk went on to say that your employees have the skills to make sure your company is successful. I’ve only had 2 jobs in my life when I’ve felt that the boss genuinely cared for my opinion on how to improve the company. So I decided to put my ideas into practice and see if I could make a successful business. I may fail but I least I learned how treat employees as people.

Q: How is Grindstone/ Hive Effect helping you and your business?

The classes provided by Hive Effect have been really helpful at getting my business in order. It’s very easy to forget about or put off every important thing about your business. So it’s nice to have the Hive Effect program be a fresh reminder of those things.

If you are interested in contacting Eduardo Robles, our featured Hive Effect member this week or just want to find out more about Eduardo and what he does follow him on his social media channels.

Email: [email protected]

Website: https://eduardorobles.com

Twitter: @hardrived

Instagram: the_eduardorobles

 

 

What is an SBA Loan?

What is an SBA Loan?

This is a guest blog post by Grindstone Coworking member Angel Melgoza. Angel is a fee-only financial planner. you can find out more about Angel and his company MyLife Financial at www.my-life.financial.

 

WHAT IS AN SBA LOAN?

The Rio Grande Valley is full of ideas, energy, and entrepreneurship. A lot of the time, some of these ideas are not realized because of the lack of education in funding options available to budding entrepreneurs. There are also business owners whose energy and passion fades away because of high startup costs that eat away at their pockets. This causes them to doubt themselves and think twice about their venture. As it is, being a small business owner is stressful and full of risks, but there are resources available to help alleviate the financial risk involved. Enter the Small Business Administration…

I should start off by telling you who the Small Business Admiration (SBA) is and what they do. The Small Business Administration is a government agency that helps provide support to small businesses & entrepreneurs in the form of counseling and loans. So, what is an SBA Loan? An SBA loan is a loan that is provided to small business owners by a local bank or lending institution that have partnered up with the Small Business Administration (SBA). A certain portion of these loans are backed or guaranteed by the SBA in case the borrower defaults on the loan.

SBA Loan vs. Conventional Loan: What’s the Difference

There’s not much of a difference between a conventional loan vs. an SBA loan when it comes to credit. Both loans require the borrower to meet certain credit requirements; that’s just the nature of seeking credit. Where they may differ is the flexibility in collateral needed as well as the length of repayment. In a conventional loan, banks have certain requirements that borrowers must meet (i.e. credit, collateral, cash flow, etc..) before they loan someone money because if the borrower defaults, the bank loses out. However, with an SBA Loan, these requirements loosen up a bit. Why? Because they are guaranteed not to lose as much money since the SBA is backing up, or taking on financial responsibility of a certain portion of the loan.

Different types of Loans

Not all business owners are in the same phase of their business or in the same industry so the SBA has different types of loans. The most basic is the 7(a) Loan Program which borrowers bust apply through a participating lender. This loan is for anyone starting up their business or looking to expand their operation.  There are also loans that help small business owners that have been affected in disaster areas; these types of loans help endure losses that businesses attain through things like tornadoes, hurricanes, and floods. Another popular loan is the 504 Loan Program; this loan is meant to purchase fixed assets such as buildings, machinery, or do renovations on used buildings.

What do I need to apply?

Like any other loan, there is a loan process. The process for SBA loans is much quicker through a preferred lender of the SBA. Some of the things a preferred lender may ask you for are:

  • Background and Financial Statement
  • Profit & Loss Statement
  • Projected Financial Statements
  • Ownership and Affiliations
  • Business Certificate /License
  • Loan Application History
  • Income Tax Returns
  • Resume
  • Business Overview and History
  • Business Lease


Want to know who can help you with your business venture? For a list of the SBA Preferred Lenders in the Rio Grande Valley, click here. (<– list coming soon) 

 

Angel Melgoza

MyLife Financial

[email protected]

956.507.0257