(left to right) Central West Region BSC Business Loan Counselor Phuong Le presenting Jean Kwon, owner of JK Law Firm, with a $100,000 SBA working capital loan
The Central West Region BusinessSource Center (BSC) recently helped long-term client Jean Kwon, Esquire, obtain a second $100,000 Small Business Administration (SBA) Community Advantage loan.

The infusion of additional capital enables her business JK Law Firm to hire three additional employees and build on 12 additional client cases. EWDD Updates first featured the JK Law Firm in December 2018 after Jean visited the Central West Region BSC in fall 2018 in search of ways to find funding to maintain business cash flow.

A business loan counselor led Jean through the entire loan application process and by November 2018, Jean had accepted a $100,000 working capital loan. She also received extensive business services, including cash flow projections, marketing guidance and an introduction to an insurance agent.

Jean returned to the Central West BSC in late 2019 for assistance in applying for a second $100,000 working capital loan. The loan application was approved and Jean received her loan check a few days before Christmas.

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 January 13, 2020. Read this issue and more.