Ervin started his own janitorial company, ENJ Enterprise, as a side business 10 years ago. He prides himself in doing top quality work for his customers at a competitive price. Although he still has a full-time job, Ervin is looking to increase his business’s customer base so that he can be one step closer to financial independence.
Ervin was recently awarded a new contract with Fort Sam Houston in San Antonio. While thrilled at the new business opportunity, he was concerned about the large financial strain his business would experience during the first month of taking on the new contract. As he explored his options to resolve this concern, Ervin came across the Accion Texas Inc. website and applied for a loan.
With the funds he receives from the loan, Ervin will be able to cover payroll expenses for his employees until he receives the first payment from his new customer. This is an important and large contract that Ervin would not have been able to take on without a boost to his working capital. He is hopeful that this will help propel his company to the next level as he works toward his ultimate goal of full-time business operations.
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.