Eugene decided to start his own business because he always wanted to be an independent entrepreneur. He opened his business, Jas Foliage, four years ago. Jas Foliage is a plant nursery operated out of Eugene’s home. They grow special plants for gardens used for indoor landscaping. He works with his wife in their backyard where he has low cost of production and great return from his handy work.
Jas Foliage not only nurses different species of indoor plants but also provides indoor landscaping services. The business is facing the slow season and Eugene is worried about how he will pay his bills. He wants to get a head start on increasing production from December to May.
Eugene is using the loan to purchase plants, soil, pots, garden equipment and office supplies. He will also use this loan to develop his credit a little more.