Zulema did not have much experience in the locksmith business but that did not stop her dream of becoming a business owner. Opening up Corona’s Locksmith in El Paso, Texas recently, Zulema began her journey for financial assistance at Wells Fargo Bank.
While at Wells Fargo, the banker recommended she talk to Accion Texas Inc., the nation’s largest microlender.
After Zulema consulted with an Accion loan officer, she applied for a microloan and received funds to purchase locks, keys, promotional materials to advertise, pay for rental space, begin her start-up business, and pay salaries for two employees. The loan allowed Zulema to create jobs in the El Paso market and provide a much-needed service, too.
Zulema offers custom-made keys, sells and installs alarm systems, sells locks, and offers many other services. Currently she has two employees and has plans to expand to other locations. She is grateful to have received this loan because without it, she would not have been able to start her business. Other plans include creating a website, but for now she uses word of mouth and promotional materials to market her 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.