Mirna Aracely Garcias and her husband outside her business, La Fiesta Party Supplies and Gifts
The West Valley BusinessSource Center (BSC) assisted entrepreneur Mirna Aracely Garcias in securing a $50,000 Small Business Administration loan, helping her business La Fiesta Party Supplies and Gifts overcome cash flow issues and increase sales by 10 percent.

Mirna emigrated from Guatemala to the US in 2000 in search of a better life with hopes of achieving the American Dream. Soon after, she met the man who ultimately became her husband. They decided to open a business in the City of Los Angeles and together, opened a party supply store.

After spending three years establishing the business, their business began to grow, though they encountered some cash flow issues due to the seasonal nature of the party supply business. They visited the local US Small Business Administration (SBA) district office where they received a referral to the West Valley BusinessSource Center for access to capital consulting.

The West Valley BSC packaged their loan application and earlier this year, they were approved for a $50,000 SBA loan.

The loan helped Mirna’s business overcome its cash flow issues and led to a 10 percent increase in sales. The loan also enabled the party supply company to become distributors and fulfill orders nationally and internationally.

In April 2019, La Fiesta Party Supplies and Gifts was officially named the SBA Small Business Exporting Business of the year, which Mirna utilizes as a marketing tool to help build the company’s international portfolio.

La Fiesta Party Supplies and Gifts is now growing at such a rapid pace that they are looking to hire a part time employee and are exploring the possibility of expanding to a new location in Los Angeles.

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 May 20, 2019. Read this issue and more.