A loan of $10,000 helped to finance account receivables.

Sergio's story

Sergio, originally from El Salvador, founded Sergio’s Concrete Inc. (SCI) in early 2012. Previously, Sergio had worked in the concrete industry for 14 years, performing as a project estimator and foreman for well-known local companies. During the first months of his own business operation, Sergio kept his full-time job. Now he is exclusively focused on developing SCI.

SCI provides concrete construction including foundations, slabs, floors, sidewalks, curbs, equipment pads, patios, retaining walls and others. SCI business has been more focused on residential projects, but now Sergio is looking to move his business to the next level and started bidding on commercial contracts.

SCI is requesting $10,000 to increase its working capital. It is a common practice in the commercial construction industry that subcontractors get paid in 30-45 days after completing the job, with no cash advances provided, but Sergio has weekly payroll.

Loan details

Lenders and lending teams

Loan details