Total loan: $3,875


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Maryland, NY, United States / Wholesale

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A loan helped to buy inventory to grow his business.

Martin's story

Martin is from El Salvador. From 2001 to 2012 he was a sales representative for a coffee distribution company in the DC metropolitan region. In 2012, the company was bought by a food distribution company and Martin was laid off. He received a compensation package that he invested in a van and coffee inventory to start his own business, doing what he knew best, selling coffee. Since 2011 when Martin knew that the company he worked for was going to be sold, he was getting ready to transition from full employment to business owner. He incorporated his business –Palmoro- and started right away distributing a coffee brand that he knew very well from his previous job. Martin is applying for a $5,000 loan to buy inventory to grow his business.