(left to right) Restaurateur Cun Sang Chi with EWDD Industrial Commercial Financial Officer Miguel Acuna
The East Los Angeles BusinessSource Center provided extensive business consulting, strategic planning, and one-on-one assistance to Sushi Beluga owner Cun Sang Chi, helping the Restaurateur become the first recipient of the City’s Micro Loan program.

Restaurateur Cun Sang Chi was approved for a $50,000 loan to launch Sushi Beluga in Playa Del Rey. Scheduled to open in Spring 2019, the sushi restaurant will open with six full-time employees with the hopes of hiring two additional full-time employees as demand grows.

The East LA BusinessSource Center assisted Mr. Cun Sang Chi with business acquisition advisory services, helping him purchase the restaurant from the previous owner, who operated the space as a sandwich spot.

The center also assisted with lease negotiation services, obtaining necessary licenses and permits with the City of Los Angeles and Health Department, business plan development, financial planning and formally establishing the 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.

This story is part of the EWDD UPDATES from the week of April 15, 2019. Read this issue and more.