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Total loan: $10,000
Santa Clara, California, CA, United States / Manufacturing
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Moe's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy a lift truck to install the shop's large outdoor signs.
After a seventeen-year career in industrial manufacturing, Moe wanted to change the course of his life by becoming his own boss and controlling his own destiny. He considered opening his own convenience store, running a gas station, and possibly opening a restaurant. Ultimately, he found a new career that finally put his computer and graphic design skills to use. In 2006 Moe became the new owner of Stop Signs, Inc. “I make signs that go on buildings, road signs, and real estate signs. We do all kind of signs – illuminated and non-illuminated, including exterior channel letters. We cover the whole sign-making process from “concept to design to manufacturing.” Business has been growing for Moe since 2006, but in the past year revenue has stabilized. “We’re not growing like we used to. But we’re surviving – we’re keeping our heads above water!” says Moe. But this past summer, Moe’s most expensive piece of equipment – the lift truck he uses to install large outdoor signs on the sides of buildings – broke down. Moe went to his local bank for a loan and was turned down, but they referred him to Opportunity Fund, his local microfinance institution. A $10,000 loan will allow Moe to buy a new lift truck so that he can install his signs more quickly and more safely. Moe’s dreams for his business are to continue serving his local community with quality designed signs and eventually to franchise Stop Signs, Inc. across the nation. “I am proud that I learned this business and became a master sign maker. It’s so different from what I used to do. But I’m great at it. We can handle any job and I am proud of the risk I took to pursue my dream to be my own boss!”