Long-term North Valley BusinessSource Center client Mariana Ospital at the grand opening of her third business location in Arleta, California
The North Valley BusinessSource Center (BSC), overseen by EWDD partner VEDC, helped long-term client Mariana Ospital obtain several loans over two years to expand her business, Mariana Services, which recently celebrated the grand opening of its third location in Arleta.

Mariana first visited the North Valley BSC in March 2017, after a bank declined to provide a loan she needed to expand her business, which includes tax, insurance, legal, travel and auto registration services, along with immigration consulting and civil marriages.

The BSC provided guidance in navigating the loan process and assisted Mariana with loan packaging, and she was approved for a $25,000 loan which allowed her to expand, purchase new equipment and hire two additional staff members.

Mariana continued to work with the North Valley BSC, where she received several consultations on how to improve her cash flow, which helped increase her business’ profits by 160 percent. Mariana also continued to attend workshops sponsored by the BSC to learn new concepts, and by February 2018, Mariana was able to pay off her $25,000 loan in full.

In June 2018, Mariana returned to the North Valley BSC for an additional $50,000 in funding to assist with another expansion in the San Fernando Valley. She received the funding for her second location, which created an additional two jobs.

The profitability of her business paved the way for Mariana to open a third location in Arleta, which celebrated with a ribbon cutting on April 1, 2019.

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.