Entrepreneur Lennie Brown (left) holds $4,500 microloan check that he obtained with assistance from the PACE operated Central/West BusinessSource Business Counselor Frank Sosa (right)
The Central/West BusinessSource Center recently helped Lennie Brown secure a $4,500 microloan for working capital for his business Brown & Brown Quality Care Facility, Inc, which serves disabled adults by providing job training, housing, and transportation.

Earlier this fall, Lennie met with a Central/West BSC business counselor who reviewed his financials, and explored various capital opportunities.

The business counselor assisted Lennie with a procurement presentation to secure a service contract with a local State of California Department of Development Services (DDS) Regional Center, a system of nonprofit corporations that provide services and support for individuals with developmental disabilities. The potential contract was estimated to be worth up to $38,000 a month, but Lennie needed additional working capital to perform the duties outlined in the contract.

The BSC business counselor packaged the microloan application and Lennie was approved for $4,500. Lennie will be hiring two additional employees to help him work on the contract to serve the disabled population of City of Los Angeles.

The Central/West BusinessSource Center is managed by EWDD partner Pacific Asian Consortium in Employment (PACE).

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 November 4, 2019. Read this issue and more.