Restauranteur Jin Huang in the kitchen of his second Asian Kings restaurant in the Mid-Wilshire district of Los Angeles
The Central West BusinessSource Center helped restauranteur Jin Huang attain a $25,000 US Small Business Administration microloan that allowed him to make tenant improvements to the second location of his growing restaurant chain, Asian Kings.

Jin emigrated to the United States from China and has approximately 30 years of experience as a Chinese cuisine and sushi chef. He launched his first restaurant in 2014 near the La Brea area of Los Angeles.

In early 2018, the owner of a 20-year-old Chinese restaurant in the Mid-Wilshire area announced his retirement. Jin decided to purchase the restaurant to preserve the Chinese cuisine in the area and expand his restaurant portfolio.

Earlier this year, Jin experienced cash flow issues that required him to seek additional capital. In August 2018, he met with Wai-Ling Chin, a business counselor at the Central West BusinessSource Center, to apply for a small business loan.

Wai-Ling analyzed his financials and offered business counseling guidance. Jin’s loan was approved and he was able to complete the tenant improvement of the new location.

The new Asian Kings restaurant location held its grand opening in early October 2018 and has since hired three new full-time employees.

EWDD’s BusinessSource and WorkSource Centers offer a variety of Business Services, including several Financial and Development Incentive Programs and a Small Business Loan Program. Learn how EWDD can help.

This story is part of the EWDD UPDATES from the week of October 15, 2018. Read this issue and more.