Jason M. started a non-emergency medical transportation business, Dedicated Medical Transport, a year and a half ago. With rates comparable to a traditional taxi, Jason specializes in wheelchair, senior and special needs transportation for those customers who might need more care and comfort than a cab. Typical destinations for his customers include doctor’s appointments, clinics, dialysis centers, rehabilitation, etc.
Jason began his business as the sole employee with one van and a customer that needed transport to a dialysis center three times a week. Since then, he has expanded his business to four vans and five employees.
Dedicated Medical Transport works directly with individuals but, also, is contracted by vendors. It takes 30-35 days to get paid by the vendors, and Jason has a cash-flow financial crunch. He plans on using his loan for operating expenses to pay his employees to solve this cash-flow problem. He has had a difficult time securing a loan because other lenders only want to lend for capital purposes, such as autoloans, rather than loans for operating expenses.
With twins on the way, Jason is excited to eventually expand his business to other parts of Central Texas such as San Antonio and Houston. From the start, Jason knew that he wanted to start a business that was rewarding and recession-proof. His comfortable, affordable transportation services are definitely in demand and Jason is hopeful to fulfill this need. He says, “At the end of the day, I know I’ve helped people.”
LiftFund. (www.liftfund.com) is an award-winning nonprofit organization (previously known as Accion Texas) with a mission to provide credit and loans to small and start-up businesses that have limited or no access to credit from commercial sources. Established in 1994 in San Antonio, LiftFund has helped Texas and Louisiana entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment, and contribute to the economic revitalization of their communities. Learn more at www.liftfund.com.