Since 2012 Mike and his father (Michael Charlie Sr) have been running a part-time business providing hauling services as well as helping with small moves and landscaping. They have primarily been able to do this by borrowing a friend’s truck. Owning a larger truck would allow them to make it a full-time endeavor. Mike applied for an expansion loan to assist with the purchase of a larger truck.
Mike and his father have been gaining a lot of experience and knowledge as they have been working on their business. Their business is well known within their community and has a positive reputation.
Over the last three years Mike has grown his clientele and established a good reputation within the Aboriginal community. He identified that in order to grow his business he needed to own the truck and to have a larger truck.
The loan from Community Micro Lending will allow him to expand his business and secure a more steady income.
Loan term: 3 years
Loan star rating: