Success Story: by Shim Tziporim, owner ofFalafel Salama mobile food truck in Seattle, WA
Funding: $10,000
The opportunity
“Over the years, I’ve built a great business. We’re known for the best Shawarma and Falafel in Seattle!
But I’ve had a strong desire to expand into additional locations. Recently, I saw an excellent opportunity to open a new location and acquire an existing food truck business at a “fire sale” price.
Our business cash flow could complete the acquisition, however our existing location would feel the impact until our new location was cash flow positive. So I turned to several banks to help fill the gap with short-term funding to help us take advantage of this rare opportunity.”
The challenges
“Unfortunately banks are really slow. I knew I didn’t have the time to wait and had to act quickly.
Applying at several local banks, I found the process so slow that it took my focus away from my business. Opportunities don’t stick around forever, and I couldn’t sit around and watch this one slip by.”
How 1st Merchant Funding helped
“I started applying online for funding. Then I came across 1st Merchant Funding. They were the easiest and fastest company to work with.
They immediately understood my needs. We received an excellent rate, significantly lower than other offers. I’m still amazed how fast and simple they made the process and would recommend them to every small business across America.”
The results
“We got the chance to take advantage of this great opportunity to purchase another food truck to expand in line with my vision.
Our business continues to see more success and growth. That’s a direct result of 1st Merchant Funding being there for us. They simply ‘get’ small business.”
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