Mariana Ospital launches her third location thanks to North Valley BusinessSource Center
Mariana came to VEDC in March 2017 since she was planning to expand her business but had been denied by a bank. The BusinessSource Center provided guidance in navigating the loan process and assisted Mariana with loan packaging. She was approved for a loan and was able to expand the office, purchase new equipment, and hire two new staff members.
During this time, Mariana received numerous consultations for advice on how to improve her cash flow. She attended workshops to learn new concepts, and was able to increase her profits by 160%, paying off her loan in full by February 2018. In June of 2018, Mariana was planning another expansion and returned to VEDC for additional funding. She received the funding for her second location in the San Fernando Valley and created two additional jobs.
Due to her overwhelming success and the business being so profitable, she opened her third location on April 1st, 2019 in the city of Arleta, bringing needed insurance services to the community.
Mariana’s future project is creating her own franchise for Mariana’s Services Insurance. VEDC and the North Valley BusinessSource Center wish her success, and will stand with her in support of her ventures!