Cleaning Services Expansion
Case Overview
Reason: Business Expansion
Funding Amount: $120,000
Approval: $150,000
Industry: Cleaning Services
Use of Funds: Business Expansion
Program Type: Working Capital
The Story
Ray joins us to discuss how he secured $120,000 for a client's cleaning company in Texas. He talks about the client wanting to expand their business, why they chose to take an unsecured line, and how he was able to use a 3-way call to navigate the language barrier.
The Details
The Client
Cleaning company based in Texas.
Spanish-speaking business owner with limited English.
Operating in an industry not preferred by traditional banks.
The Situation
Needed $10,000 to expand to a new location.
Was not eligible for funding through traditional banking options.
Sought a flexible loan structure due to fluctuating project schedules and early payoffs.
The Solution
Secured a $10,000 unsecured loan on a 12-month term.
The client chose a program with early payoff discounts and no penalties, ideal for her project-based business.
Enabled to repay early when clients pay her, making her eligible for additional funds.
Conducted the full process via three-way calls (client, bank, and advisor) in Spanish for clarity.
Overcame language and communication barriers to complete funding smoothly.