Central West Region Business Loan Counselor Phuong Le (left) helped Jean Kwon (right), owner and operator of the JK Law Firm obtain a $100,000 SBA loan
The Central West Region BusinessSource Center helped Jean Kwon, Esquire, owner and operator of the JK Law Firm obtain a $100,000 Small Business Administration Community Advantage loan, infusing her firm with working capital for seven new critical pending lawsuits and paving the way to create two new jobs.

Jean obtained her Juris Doctorate in 2002 from the University of La Verne and has owned and operated JK Law Firm since 2008.

For the past ten years Jean has worked as a trial lawyer, where reimbursements can take months or years. Jean needed funding to maintain business cash flow and received a referral in fall 2018 to meet with a loan counselor at the Central West Region BusinessSource Center, run by EWDD partner Pacific Asian Consortium in Employment (PACE).

Over the course of several months, Jean received additional business services including cash flow projections, introduction to an insurance agent and assistance marketing her services to other entrepreneurs. The Central West BSC business loan counselor also introduced her to the Downtown Pico Union WorkSource Center, also run by PACE, to find qualified people for the job opportunities she has available in her firm.

The business loan counselor worked closely with Jean through the entire loan process and she was approved for a $100,000 working capital loan. Jean accepted the loan in November 2018.

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 17, 2018. Read this issue and more.