Extraco Banks launches applications for Extrapreneur Program, awards inaugural winner
WACO, Texas, April 9, 2019 /PRNewswire/ -- Today, Extraco Banks launches its 2019 Extrapreneur Award program, which focuses on providing Central Texas entrepreneurs and small business owners with a $25,000 cash prize along with mentorship and business consultations for an entire year.
PALS Home Health was recognized as the program's inaugural winner during a press conference held on April 9th. PALS specializes in pediatric home health private duty nursing for children who are medically dependent. Tyler Martin and Natasha James, owners of PALS Home Health, said being awarded this program will positively impact the company's growth for years to come.
"We feel very blessed to be the first winner of Extraco's Extrapreneur program. As a small business owner, the financial resources, business consulting and mentorship that is given to the program's winner are invaluable," said Tyler Martin, Chief Executive Officer for PALS Home Health.
"We plan to use the $10,000 cash prize to purchase a pediatric ventilator system to train our staff in house instead in the field on patients," said Natasha James, Chief Operations Officer and Director of Nursing for PALS Home Health. "We are also very excited for the business consulting and mentorship. It is hard to have on staff every area of expertise, such as marketing. Being paired with an Extraco marketing expert for the entire year will significantly make a positive impact on our company's expected growth."
Applications for the 2019 Extrapreneur Award open April 9th and close August 13th. Finalists will be announced on September 10th, and will be paired with an Extraco mentor to help prepare for the "Shark Tank®" pitch event on September 24th. The winner will be announced at a banquet on September 26th.
To apply for the program, applicants must meet a host of requirements including: for-profit, not a franchise, must be a legal entity, owners must be at least 20 years in age, annual revenue not to exceed $3 million, applicants must have at least 20 percent equity in the company, and the business must operate in one of the following counties: Bell, Brazos, Coryell, Hamilton, McLennan or Williamson.
"Since 1902, we have listened to the needs of our community, and worked to develop and implement innovative, creative solutions to meet those needs," said Chris Kincaid, Extraco's Corporate Executive Vice President, Corporate Strategy. "We understand the unique characteristics of entrepreneurs and small business owners, which is why we created the Extrapreneur Award program. This program provides entrepreneurs and small business owners capital and business resources to further grow their business which helps build our communities."
Extraco is committed to building people, businesses and communities in the Central Texas area. For more information about Extrapreneur and to apply, visit www.EBextrapreneur.com.
About Extraco Banks®
Extraco Banks and its affiliate companies are dedicated to building people, businesses and communities. Since the Great Recession, Extraco has extended over $2.5 billion in loans to 25,000 customers, while financially supporting over 1,275 community organizations working to create economic vibrancy, job growth and overall quality of life to our communities across central Texas. Founded as a cotton warehousing company, Extraco, at $1.4 billion in assets, is the largest and most comprehensive locally owned bank between Dallas and Austin, serving over 120,000 customers' banking, mortgage, insurance and wealth & trust needs with creative and innovative excellence. Learn more at: https://www.extracobanks.com/.
About PALS Home Health
PALS Home Health is a rapidly expanding Waco based pediatric home healthcare company that provides Private Duty Nursing to children and young adults with special medical needs. PALS Home Health is passionate about improving the lives of families and children in the special needs community by providing exceptional home healthcare. PALS Home Health hires great nurses and equips them with the training and support needed to deliver the care their patients deserve. The goal of PALS is to give every special needs child the opportunity to achieve their full potential for health, happiness and success in life. Learn more at: https://www.palshomehealth.com/.
SOURCE Extraco Banks
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