Tyrone Auston owner of South LA business, Trinity Contracting Concepts Inc
The Hollywood BusinessSource Center (BSC) recently helped long-term client Tyrone Auston obtain a $95,000 loan to refinance his business, Trinity Contracting Concepts, Inc., paving the way to create four new full-time jobs.

The Hollywood BSC has provided continuous assistance to Tyrone Auston since May 2019. After he was rejected for a $50,000 loan application, Tyrone reached out to the Hollywood BusinessSource for help. A business consultant provided Tyrone an introduction to profitability analysis and access to capital.

In October 2019, the Hollywood BSC assisted Tyrone with a $95,000 loan application to refinance Tyrone’s existing business debts and provide working capital, equipment and supplies to keep up with the increasing demand of his business. The Hollywood BSC provided Tyrone business tips that helped inform the loan application and provided guidance on how to manage the business, which will lead to increased revenue.

Tyrone said he looks forward to ongoing support from the Hollywood BSC as he works to build the business’ community relationships, capacity and capabilities. Tyrone’s loan was approved and funded in January 2020 and will create four new full-time jobs.

The Hollywood BSC referred Tyrone to the Hollywood WorkSource Center (WSC) to help with hiring. He also plans to learn more about available resources and utilize the WSC On-Job-Training program for his four new positions.

EWDD’s BusinessSource and WorkSource Centers offer a variety of Business Services, including several Financial Programs and Development Incentives for businesses of all sizes. Learn how EWDD can help.

This story is part of the EWDD UPDATES from the week of February 24, 2020. Read this issue and more.