South Florida Client: Maria Osorio
Maria Osorio and Angel Gonzalez are the owners of Mav Inc., a family-owned e-commerce business specializing in auto parts in South Florida. With Angel’s extensive experience in car repairs and Maria’s administrative skills, they recognized an unmet need in the industry and established their business over four years ago. Although together Maria and Angel have built a thriving business, as immigrants, they’ve faced many challenges in accessing traditional loans to scale their business and lacked an efficient accounting system to manage their growing operations.
In 2022, after successfully acquiring a container of inventory, Maria and Angel realized the importance of obtaining a line of credit to ensure the scalability of their operations. Faced with limited options due to their immigration status, Maria sought Prospera’s guidance and assistance to access capital for Mav Inc. Prospera provided them with an accounting assessment and financial guidance to prepare for a loan application process and helped them secured a commercial microloan from Ascends at a competitive interest rate. This microloan not only addresses their immediate capital needs but also establishes a credit history that will facilitate their future financial growth. Additionally, to further strengthen their administrative skills, Maria participated in Prospera’s QuickBooks® business training.
With the support of Prospera, Maria and Angel have experienced a remarkable transformation in their business; they have strengthened their operations, finances, and gained guidance and educational resources to propel the success of Mav Inc. With their secured microloan and enhanced accounting practices, they can serve their customers while paving the way for continued growth.
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