Wee Tots’ significant growth had caused the owners to seek additional space for its expanding operations. Dalila Riojas. The company’s success stems in large part from focusing the practice in the Latino/Hispanic market. Wee Tots’ principals and co-founders are Pedro Riojas and his wife, Dr. founded in 1996, that has become one of the top pediatric practices in the Dallas/Fort Worth Metroplex. With a minimum of 10% equity investment including most reasonable closing costs, the company conserved much needed working capital to help their American operations to continue to grow and hire more workers. The cash preservation aspect of the SBA program allows a growing company to save on out of pocket expenses usually associated with a real estate transaction. The SBA 504 loan provides the Company with reasonable loan terms with a modest equity injection. This loan is a private/public partnership with Nara Bank. Matthew Kim, the principal of the American-based operation, expressed his appreciation for the assistance received through the federal loan program. The principals acquired a manufacturing facility in Round Rock, Texas to expand their manufacturing capabilities in the Texas market. KoMiCo Technology, Inc. is a Korean-based business whose primary American operations are in Sacramento, California. 100% of loan proceeds to consolidate debt.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |