Derek May, owner of Happier Camper Ultra-Light Retro-Style Travel Trailers, received a $1.1 Million dollar business loan with the help of the South Valley BusinessSource Center
The South Valley BusinessSource Center (BSC) helped entrepreneur Derek May, founder and owner of the Happier Camper travel-trailer rental business, qualify and receive a $1,113,200 business term loan and $100,000 line of credit to expand and hire up to 20 new employees.

In 2010, Derek started a business that provides opportunities for customers to rent new and restored vintage, ultra-light trailers with an emphasis on camper-friendly design, utility, and flexibility. As demand grew, Derek launched Happier Camper in 2014 where he began designing and manufacturing his own trailers.

By 2018, Happier Camper began falling behind with demand and was only able to produce five trailers a month. A friend referred Derek to the South Valley BSC, operated by EWDD partner ICON CDC. He needed more space and inventory in order to satisfy his customers.

Derek met with a South Valley BSC financial coach who conducted a business assessment and financial overview, uncovering what Derek was missing – working capital.

In July 2018, with assistance from his financial coach, Derek was successful in qualifying and receiving a business term loan of $1,113,200 and a business line of credit of $100,000 from Chase Bank.

With this funding, Happier Camper was able to acquire the location next door and add a second production line that will increase monthly production from five to 12 trailers, and add up to 20 new employees to operate the second production line.

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 December 10, 2018. Read this issue and more.