Total loan: $4,525


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San Antonio, Texas, TX, United States / Construction

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A loan helped Materials for already undertaken projects, payroll and other operational expenses.

Ismael's story

Ismael G. is the owner and manager of Ismael Trucking Service, Inc., a hauling and excavation business. Ismael manages day-to-day operations of the business, with his wife handling business finances. In addition to the two of them, there is also a part-time driver who helps when needed. Ismael describes his business as a “do-it-all” outfit because of its diverse clients and the wide array of services it provides. The business originally began as a hauling service, and Ismael would set up contracts with companies or individuals that needed material removed from a site. Ismael had one truck with which he did all the hauling, and he grew his business by word of mouth. A few years ago, Ismael was able to purchase a backhoe, expanding the work his business could do. The backhoe lets him to dig ditches for electrical lines, clear away trees and brush, break up concrete and excavate for houses, just to name a few of its uses. For the competive industry in which Ismael operates, possesing such capabilities makes his business more attractive to clients. Ismael is using the money from this loan to meet pressing business expenses. He does not take any upfront payment for work he does, because of the negative image it would portray to customers. He believes it builds respectability for his business when he waits to collect payment until a job’s completion. This loan will allow him to buy materials needed for jobs, as well as help him with meeting other pressing operational costs such as payroll. Business has been slow over the past few months due to the economy and inclement winter weather (when it rains, work grinds to a halt until the ground dries). All of this puts pressure on cash flow, and affects Ismael’s ability to take on new business. Ismael says were it not for this loan, he would have had to sell some of his equipment. Ismael and his wife have 5 children, the latest of which are 18 month old twin boys. Despite all the work that comes with maintaining and growing a small business, Ismael and his wife make family a priority. They enjoy helping the kids with their schoolwork, and encourage their children to be active in extracurricular activities.