Sergio Armas, president of Adolfo’s Contractor Corporation
The South Los Angeles BusinessSource Center (BSC) recently helped Sergio Armas, president of Adolfo’s Contractor Corporation, obtain a $75,000 business loan to retain 10 jobs and create up to 12 new positions.

In fall 2017, Adolfo’s Contractor Corporation’s bid was selected for a large project that required the purchase of new equipment and 10 new staff.

Sergio needed a loan in a short time frame to provide upfront financing for the project.

At a South Los Angeles BusinessSource Center event at Harbor College in Wilmington, CA, Sergio met with a bilingual business consultant who identified his needs and provided guidance in Spanish about the lending process and loan requirements.

After helping Sergio identify a lender and develop a loan package, Sergio’s $75,000 loan was approved. Sergio said he was extremely thankful for the South Los Angeles BusinessSource Center’s assistance and the Center’s bilingual staff, whose skills helped the process run more smoothly.

Although this was a major accomplishment, the work with Adolfo’s Contractor Corporation has just begun. The South Los Angeles BusinessSource Center is committed to continuing to work with Sergio through 2018 to fully optimize his business and help develop a strategic business plan.




This story is part of the EWDD UPDATES Newsletter from the week of 1/8/2018. Read this issue and more.