Extraco Banks launches applications for Extrapreneur Program

WACO, Texas, April 9, 2019—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.

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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/.

Media Contact Information:

Libby Cain

Senior Vice President, Mission and Marketing Strategy Extraco Banks

(P): 254-717-6163

(E): LCain@extracobanks.com

Small Business Spotlight: Full Moon Float Co., LLC.

Austin Parker, with assistance from the McLennan SBDC, has opened Full Moon Float Co., LLC at 1201 Hewitt Drive, Suite 103. Austin had this to say about his experience working with the SBDC. "The SBDC was an integral asset during the planning stages of opening my business. They provided me with friendly and approachable mentor-ship as well as the tools and information I needed to navigate all the red tape, and financial planning that come with being a first time entrepreneur." Float therapy offers benefits including Health & Wellness, Meditation, and Self Improvement. He has 3 float rooms with float tanks for complete privacy, showers and dressing rooms. He offers discounts to both Veterans and First Responders. More information can be found at their website and Facebook page: www.fullmoonfloatco.com.

Full Moon Float.jpg

Join the SBDC and SBA for updates to lending programs.

Please join the Small Business Administration and the McLennan Small Business Development Center for an SBA Lending Lunch & Learn that will be held on Wednesday, March 27, 2019, from 11:30 AM to 1:00 PM! This informative event will be held at Hustle-Waco located at 605 Austin Avenue, Waco, Texas. Lunch is being sponsored by The First National Bank of McGregor.

SBA Lender Relations Specialist, Derenda Fisher, will present information regarding the recent and upcoming changes to the SBA 7(a) Loan Programs. Chris Allen from LiftFund will present on the SBA 504 loan program. He will discuss, in detail, how this valuable financing format can assist small business owners with the purchase or construction of owner-occupied commercial real estate. Steve Surguy, Director of the McLennan Small Business Development Center, will discuss the valuable resources that they provide in assisting small business clients.

Come and enjoy lunch, networking, and learning at Hustle-Waco! There is no cost to attend, please click here to register. Please register early so that we can reserve your seat at the luncheon.

SBA Lending Updates:

- SBA 7(a) Lending

- SBA 504 Lending

- SBDC Programs and Resources

Lunch sponsored by:

The First National Bank of McGregor

To register, please click here.

11:30 a.m. – 1:00 p.m.

March 27, 2019

Hustle – Waco

605 Austin Avenue

Waco, TX 76701