At JT & Sons Transportation, Juan and his son obtain fresh water and produced water, which is made in seas and lakes where oil and gas are extracted, and transport them to the oil fields in west Texas.
Juan has 30 years of experience as a small business advisor working for financial organizations, and has worked in transportation as an account manager and dispatcher. With his expertise, Juan was able to steadily manage his business for six consecutive months, including hiring a driver. However, the consistent demand for work has led him to venture for a loan.
Turning to a friend, Juan learned about Accion Texas Inc., a nonprofit microlender. Juan later applied and was approved for a $5,450 loan to obtain fuel and payroll funds. Without the loan, Juan says the company would not be able to fulfill as many orders.
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.