Seventeen years ago, Enrique began his career as a truck driver. He decided to go into business for himself when he lost his job earlier this year.
He started a towing business with his own truck, but he still needed start-up funds for working capital, liability and cargo insurance, and licensing.
After a friend and client of Accion Texas Inc. told him about his own positive experience, Enrique applied for a loan and was approved.
Now he owns Rocky Mountain Towing, a small business that transports cars for mechanics from streets to body shops, and from shops to auto dealerships. Enrique works on-call and is available 24 hours a day, seven days a week in his hometown of El Paso, Texas.
He currently works alone, but plans to hire a crew as soon as he can afford to purchase multiple trucks. Without the help of an Accion loan, Enrique says, “I wouldn’t be able to begin my business.”
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.