Carlos owns and operates his own media, film, and TV production company out of his home in Miami, Florida. He produces commercials, novels, and other TV shows in conjunction with some of the largest Latin American television stations in the United State and abroad. He has been running this business for over a year and has seen significant and consistent growth that has allowed him to hire two employees. Over the past few years, Miami has become a hub for the Latin American television industry in the United States. Carlos is well aware of this trend, hopes to use it to continue the growth of his business and knows that it will provide a constant stream of work. However, to make his business more appealing, he needs to update his equipment. He is asking for this loan to upgrade his camera and microphone for filming.