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Small Business Development Center

1310 North FM 1788, CEED Building, Midland, TX 79707

Email: sbdc@utpb.edu

Phone: 432-552-2455

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.

Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.

© 2020 America's SBDC

Nothing Bundt Cakes

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Client: Deborah Holt

Assistance: Business Plan, Financing

Bank Funded: Yes

Business Opened: Oct. 2015

City: Midland, TX

County: Midland

Website: https://www.nothingbundtcakes.com/bakery/tx/midland

 

Deborah Holt contacted the UT Permian Basin SBDC in September 2014. Deborah had already been associated with the Nothing Bundt Cakes Franchise, however she needed a bank loan for majority of the building and equipment. After forming a well-researched business plan, the bank that Deborah originally had went to requested larger equity and industry experience. 

As a result, we suggested that Deborah should meet with another local bank who would potentially consider an SBA loan. Fortunately, Deborah's loan request was accepted and was able to begin construction of her own Nothing Bundt Cakes franchise.

On Oct.1, 2015, Deborah, along with the Midland Chamber of Commerce, held a ribbon cutting ceremony. Her business has grown to become the talk of Midland!