Feliciano worked for years in the historic Oak Cliff district of Dallas at Panaderia B, where he built a respected position in the local community by delighting locals with his savory Mexican bread through a recipe passed down by generations. Feliciano has always stated his emphasis is on quality, and for that reason, no modifications of his recipe are allowed.
Feliciano first came to Accion Texas Inc. several years ago, and had such a good experience with his initial loan that he returned for working capital. With a growing number of issues with his vision, securing the financial documentation for a loan can be a difficult process. This was coupled with the fact that, as a traditionally cash-based business, evaluating the shop’s financial health was challenging.
However, with the help of Accion staff as well as his loyal employees, Accion and Panaderia B were able to complete the process successfully. Today, Panaderia B is using Accion funds to make needed improvements to the store’s display fronts, help fund additional staff and employees, and serve as a fund for general capital.
According to Feliciano, Accion and Panaderia B are likely to work again in the future for the benefit of his decade-old 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.