Little Loans that Help a Lot
This success story began with small loans borrowed by it to start a business. Which she was focused on business that she lived to his opportunity. About eight years working for a promotional products company and then she decided to branch out on her own. In 2007, she was started A Turtle Loves Me. for travel mugs from Corner Bakery Cafe about a week, she landed her first big contract $152,000 order. Only a month, she had spent $5,000 in family savings.
By end the end of 2007, sales totaled $233,000 and the home-based business was profitable. In the second year, her husband was able to quit his trucking job to work with her. Sand then she had plans to begin campaign and raise $7 million in a revolving capital fund. Then now, she had nonprofit funded by revenue from its $30 million loan portfolio.
The Plan Fund makes secured loans of up to $10,000 based on borrowers’ cash flow and their ability to make payments. Since a borrower’s typical credit score is 550. Her sales are about $480,000 so far this year, up from $287,000 for all of 2009. This proves that she is successful in their field can be taken even with a lesson that any small capital to expand your business.