L.A. entrepreneur Angelo Varsobia
After spending his career in the cleaning industry, entrepreneur Angelo Varsobia used his savings to launch Premier Property Preservation, LLC.

Established in 2017, the business entity includes several separate businesses that specialize in commercial and residential janitorial services, including sanitizing, disinfecting, repair, maintenance, and debris removal. Prior to 2020, Premier Property Preservation, LLC was a growing business that received more than 70 small contract jobs in the public and private sector. During COVID-19, many of the company’s government agency contracts were canceled. Sales dropped by 25 percent and the LLC was forced to reduce its staff from 30 employees to 25.

In May 2020, Angelo reached out to the Central West BusinessSource Center (BSC) for help and connected with loan counselor Phuong (Bruce) Le. Bruce worked with Angelo on many complex financing cases for his various businesses to help the business entity survive 2020. Bruce analyzed the LLC’s financials and helped Angelo navigate the various pandemic financial assistance programs, including the Paycheck Protection Program (PPP) and other government grant programs.

In March 2021, Bruce helped Premier Property Preservation, LLC secure financing to land a $5.6 million contract with the California Department of Corrections and Rehabilitation (CDCR). Bruce also helped the LLC secure another contract with the Los Angeles Unified School District (LAUSD) to clean 1,100 campuses. These contracts will help Premier Property Preservation get back on track and create hundreds of jobs.

Bruce also connected the business entity to the local WorkSource Center for assistance finding pre-screened, qualified candidates. Angelo said he is so glad that he found the Central West BSC and learned about the resources available to help small business owners.

Angelo said with the new contracts, he is hopeful that he can hire back his five employees.

EWDD’s BusinessSource and WorkSource Centers offer a variety of Business Services, including several Financial Programs and Development Incentives for businesses of all sizes. Learn how EWDD can help.

This story is part of the EWDD UPDATES from the week of March 22, 2021. Read this issue and more.