AmPac Business Capital opens The Lowenstein Collaboration Center for Entrepreneurs

By: Sharjeel Sohaib

• 

Dec 22, 2021

 • 

AmPac, a certified lender for the SBA (Small Business Administration) founded in 2005, launched a Growth Resource Center called ‘Entrepreneur Ecosystem,’ which includes co-working space, growth resource training centers, and conference room space for entrepreneurs.  

Location:

As a capital partner, AmPaC Business Capital can help early-stage startups to sustain and thrive in the marketplace when the need for cash is most pressing.

PC: AmPac

Woman Behind the AmPac

Behind this initiative is Hilda Kennedy, founder of AmPac Business Capital, a successful nonprofit community lender, who started in the City of Inglewood as Chief of Staff to the Mayor, Executive Assistant to the City Manager, and later as the Economic Development Director. Finally, she transitioned into founding AmPac Business Capital.

The Ecosystem Services

The center provides year-round training for 5 to 7 entrepreneurs looking to start a business or to refresh the ones they have already in place. A unique flexible model of AmPac allows entrepreneurs to sign up for Entrepreneur Ecosystem memberships that include a diverse range of service levels from a 25-day Punch Card to a Virtual Level.

$45M Loan Fund and Career Advice by Bill Lowenstein

Hilda’s career highlight was establishing a $45 million fund using Department of Housing and Urban Development funds with matching bank funds to provide financing to businesses in the community.

Encouraged by her mentor and successful businessperson, Bill Lowenstein, Hilda transitioned into the lending business by obtaining an SBA license and opening AmPac Business Capital.

$2M in SBA Micro Loans

AmPac Business Capital has distributed $2 Million in SBA micro-loans, with an average loan of $35,000. This was achieved within two years of its operation. Microloans are smaller-sized loans of up to $50K provided through SBA funding intermediaries, and AmPac is that intermediary in the Inland Empire in Ontario, California.

These microloans are used for:

  • Working capital 
  • Inventory 
  • Supplies 
  • Furniture 
  • Fixtures 
  • Machinery 
  • Equipment 

Entrepreneurs or interested people can book a visit at the AmPac Business Capital to learn more about the entrepreneur ecosystem.

Let’s visit AmPac Business Capital’s office in Ontario, CA.

Credit: AmPac Business Capital YouTube Channel

Other stories you might find useful and relevant to this AmPac Business Capital story:

Author

  • Avatar Of Sharjeel

    Sharjeel joined Startempire Wire as emerging technologies editor. Earlier, he worked at Silicon Canals, a leading English language technology media source for the Benelux and wider Europe. He covered the European technology and startup ecosystem digging into latest funding rounds of startups.

0 Comments

Submit a Comment

Connecting you with the best startups, people & events in the Inland Empire.

Related Articles

The Forbes Magazine Features University of California, Riverside  . . .

The Forbes Magazine Features University of California, Riverside . . .

According to Forbes magazine's list of top universities, UC Riverside is the No. 33rd public institution. Due to the great culture and top-notch graduate and undergraduate programs, many UC campuses and 17 other universities, including UCR, made it to the top 50. Key...

Weekly Wire RoundUp: Hiring Spree of UPS in SoCal, Amazon Antitru . . .

Weekly Wire RoundUp: Hiring Spree of UPS in SoCal, Amazon Antitru . . .

https://youtu.be/MkaYiVQIPjY This is our latest Weekly Wire RoundUp where we share a round-up of the news covered in the last week. World’s Largest Package Delivery Company UPS to Hire 12K Workers from SoCal Counties: To meet the anticipated surge in package traffic,...

Stay Up On Startempire News

Access Premium Content

Startempire Wire premium content access is free during the beta period of our  website.  Join during beta and get a grandfathered discount when we launch.

$5 for first month then $15 per month

Get Every Update

Would you like to receive Startempire Wire updates in your inbox? Subscribe below!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Follow Us

Follow Startempire Wire on other social media channels.

"*" indicates required fields

 
This field is for validation purposes and should be left unchanged.

My cart
Your cart is empty.

Looks like you haven't made a choice yet.