David Madero, owner of Los Cabritos catering company, at the Northridge Farmers Market
The West Valley BusinessSource Center helped David Madero, owner of Mexican food catering company Los Cabritos LLC, develop a business plan, marketing strategies and secure a $50,000 loan to expand his business.

With the loan, David was able to create four new jobs and successfully set up a catering booth at the Northridge Farmers Market.

David’s ongoing relationship with the West Valley BSC began in January 2018 when he first visited the center seeking assistance with marketing and access to capital. At the center, he met with a consultant who advised him on marketing strategies, such as how to price his services and products. The consultant also provided David with a business plan template and information about the documents required to apply for a business loan.

In late March 2018, David returned to the center to review his business plan. David also said he was ready to apply for a business loan so he could purchase equipment, hire employees, update his company website and open a booth at the Northridge Farmer’s Market. Within a week, David submitted his loan application for $50,000.

The West Valley BSC provided David guidance throughout the loan application process, assisting him with assembling additional information on projections and year-to-date financials to complete the final loan documents. On May 4, 2018, David’s loan was approved.

The West Valley BSC continues to provide David guidance as he grows his business.

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 your business.

This story is part of the EWDD UPDATES from the week of 5/7/2018. Read this issue and more.