His 22 years’ experience managing small businesses gave him the confidence and expertise necessary to ensure success at the new location in Old Town Pasadena. Domenico’s has maintained the same location for over 30 years. However, the facility and parking lot was in need of renovation and continued disagreement over the lease agreement also contributed to the decision to leave said location to seek one that would better serve the customers and continue the reputation and tradition of Domenico’s.
This KIVA loan will help Ricardo transition back into Pasadena and prepare the restaurant for re-opening.
More information about this loan
This loan is part of the Kiva City Los Angeles initiative in partnership with the Los Angeles Mayor's Office of Small Business and VEDC (Valley Economic Development Center). Kiva City Los Angeles is a subset of Kiva City, a program that allows Kiva lenders to make microloans to small businesses in the United States with the help of community organizations and U.S. Field Partners.
Important InformationValley Economic Development Center (VEDC) is a non-profit community development financial institution and the largest provider of loans for small businesses and micro-entrepreneurs in the Greater Los Angeles area. In addition to loans, it offers extensive training opportunities, workshops, consulting and small business support services.
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