Salvador Medina, owner of Medina Truck & Transport
The South Valley BusinessSource Center (BSC) has provided ongoing business assistance to long-term client Salvador Medina, owner of Medina Truck & Transport.

The BSC most recently helped the company secure a $250K loan and a $50K line of credit for day-to-day operating costs. Established in 2017, Medina Truck & Transport is a Los Angeles-based trucking company currently operating in the sanitation and recycling industry.

Salvador first connected with the South Valley BSC in October 2019 for assistance with access to capital to purchase additional trucks, equipment and to hire additional drivers. The BSC helped Salvador create a balance sheet, a profit and loss statement, an executive summary and provided Quickbooks training.

Now that the loan and line of credit has been approved, Salvador expects to increase the productivity of his business by 25 percent and double his gross sales. He said he hopes to acquire direct contracts with the City of Los Angeles to offer additional transportation services.

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 March 2, 2020. Read this issue and more.