Janitorial Business Expansion
Case Overview
Reason: Business Expansion
Funding Amount: $25,000
Approval: $40,000
Industry: Janitorial Services
Use of Funds: Business Expansion
Program Type: Working Capital
The Story
Welcome back Blake Fiorito as he sits down with us once again to discuss another client he has helped secure funding for. This time, the client owns a cleaning services company based in California and was looking for additional funds to help with impending jobs.
He talks about his first meeting with the client, what he needed the funds for, the issues he was facing seeking funding, and why the client decided to return to him months later when he needed funding again.
The Details
The Client
Owns a cleaning services business in California.
Spanish-speaking client.
Long-term client who has worked with Capital Infusion multiple times.
Business has been growing steadily, with increasing service demand.
The Situation
Initially found Capital Infusion through a Facebook ad.
Needed capital to purchase materials and prepare for upcoming contracts in early 2024.
Faced challenges getting financing due to non-exceptional credit.
After completing initial projects, the client needed additional capital to support continued growth and handle more contracts.
The Solution
First Funding (January 2024):
Approved for $15,000, despite credit challenges.
Used to purchase materials and prepare for scheduled work.
Second Funding (4 months later):
Requested more funds due to increased workload and revenue.
Approved for $30,000.
Third Funding (5 months later):
Requested a smaller additional amount of $10,000.
Approved with no issues.
Overall, the Client received a total of $55,000 in staged funding over time.
Built a trust-based, repeat relationship with the funding advisor.
Was able to grow and operate smoothly thanks to timely financing.