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Miramontes Family Trucking

“I have been in the transportation industry for 30 years, and I always wanted to start my own company. It has been a dream of mine, and now my dream…

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“I have been in the transportation industry for 30 years, and I always wanted to start my own company. It has been a dream of mine, and now my dream has come to life.”

-Fernando Miramontes, President

Client Impact:

Areas of Assistance:

  • Capital Infusion: $40,000

  • Financing

  • Owner Investment: $2,500

  • Business Plan

  • Jobs Created: 1

  • Financial Projections

  • Started New Business

  • Bank Accounts

The SBDC helped the client successfully navigate all aspects of the 6-week financing process including compiling the loan application, assisting with the underwriting process, and communicating regularly with the lender and underwriters to ensure approval of the loan.

Further, the SBDC worked with the client to develop a Business Plan along with creating comprehensive financial projections including a Profit & Loss Statement, Sales Forecast, Operating Expenses, Budget and Balance Sheet.

Description of Business:

The Company provides transportation and logistics services to agricultural customers in Imperial Valley with routes throughout California and Arizona.

Use of Capital Infusion Funds:

The Financing was utilized to purchase the first truck in the company’s fleet and enabled the business to launch and begin operations.

Location:

Brawley, CA

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