Funded

Total loan: $3,250
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Eulalio


A loan of $3,250 helped to purchase two tankers for gas transportation start-up.


Eulalio's story

With his prior experience working at a gas station, Eulalio created a solution to meet an important yet unfulfilled customer need. He began his own business delivering gas to commercial development companies, including large boats and businesses in the construction industry.

Started in March 2013, L.A.B. Gas Transportation now operates all over New Jersey. Based in Perth Amboy, the business is the only one of its kind in the area.

L.A.B.'s primary customers are acquired through word of mouth. In just nine months, Eulalio's clientele has grown from one to four large businesses. Eulalio considers himself very blessed for the growth of his small company, which employs a handful of his family members as well.

Eulalio hopes to open a two-pump gas station and eventually, he would like to franchise out L.A.B. throughout New Jersey. For now, Eulalio is looking to purchase two more 150-gallon tankers with pumps to transport gas to clients at various construction and boating sites. The loan will go toward the purchase of these items.



Loan details

Loan length:

15 months
Disbursed date: November 27, 2013

Lenders and lending teams




Loan details

Loan length:

15 months
Disbursed date: November 27, 2013