Success Story: Texas
Center: Del Mar College SBDC in South West Texas
Client: Bella Abastta
Bella Abastta, fresh out of high school, is a young and ambitious entrepreneur seeking to venture outside her family’s business. Her love for fashion motivated her to negotiate the purchase of an existing boutique that offers an eclectic variety of stylish and trendy women’s clothing and accessories.
Bella, who had no established credit, limited knowledge in purchasing and operating a business, was asked to present a Business Plan including a financial analysis. The purpose of the plan was to help the leaseholder transition over the lease and help Bella purchase the business.
Celia Garza, Business Advisor with Del Mar College SBDC encouraged Bella to participate in training seminars offered by the SBDC. Training seminars helped her become familiarized with fundamental business essentials such as start-up, marketing and financial statements. After attending business training and working closely with Celia, Bella was able to complete a Business Plan and generate a 3-year Financial Projection Plan. With the support of her parents and presentation of a Business Plan Loan Proposal, Bella obtained a commercial loan from First Community Bank and negotiated owner financing. Final purchase of the boutique was completed on August 30, 2013 and Bella was able to open the doors of her new boutique.
By closely following the guidance given by Celia, Bella stayed focused and accomplished her dream of starting up and operating her own business.