With over 20 years of experience in healthcare life sciences and sales leadership, Tamara transitioned from a successful corporate career to founding EGR Financial Solutions—a company dedicated to extending grace and support to aspiring business owners.
The catalyst for Tamara’s transition came in 2023, when her company announced layoffs affecting her division. Despite the opportunity to pursue positions in other divisions, Tamara felt unfulfilled and yearned for a role where she could be of service to others. Encouraged by her husband and driven by her faith, she embarked on a path to entrepreneurship, seeking an opportunity that aligned with her values and aspirations.
EGR Financial Solutions, which stands for “Extra Grace Required,” was born from Tamara’s personal experiences and observations in the lending industry. She noticed that many aspiring business owners, despite being financially sound, faced hurdles when seeking loans from traditional banks due to stringent criteria. Inspired by her family members’ challenges in starting their own business, Tamara committed to providing grace and support to those in need of commercial lending solutions.
Tamara’s journey into commercial lending was sparked by her interactions with a franchise consultant and extensive research into franchise opportunities. However, she ultimately decided against pursuing a franchise, opting instead to start her own commercial lending business. Through information sessions and diligent research, Tamara uncovered the nuances of commercial lending and the importance of establishing a business independent from franchise ties.
One of the surprises Tamara encountered was the challenge of extending grace to herself while building her business. Having set high standards for herself throughout her corporate career, she realized the importance of allowing herself time to adapt and grow in her new venture. Despite the initial challenges, Tamara found fulfillment in overcoming obstacles and embracing the continuous challenges that entrepreneurship presents.
Tamara’s involvement in the Community Power to Prosper program played a pivotal role in her business development. The program offered valuable partnerships and high-quality educational material, equipping her with the tools needed to conduct thorough cash flow analyses and boost her confidence in financial decision-making. The partnerships fostered through the program have been instrumental in expanding her network and enhancing her business prospects.
Looking ahead, Tamara is focused on building strategic partnerships that position EGR Financial Solutions as a trusted resource for financial lending. She currently works with entrepreneurs throughout the country, aspiring business owners, and the BEAM Collaborative to support aspiring entrepreneurs in achieving their business goals. By establishing herself as a partner, Tamara seeks to enhance her credibility and expand her business funnel.
Tamara’s advice to fellow business owners is to embrace the support and resources available through programs like Community Power to Prosper. She emphasizes the importance of continuous learning and networking to refine business strategies and foster growth.
Tamara Bey’s story is a testament to the power of resilience, faith, and the desire to make a positive impact. As EGR Financial Solutions continues to grow, Tamara’s commitment to extending grace and empowering entrepreneurs remains at the forefront, paving the way for continued success and fulfillment.
