Prestamos

The mission at Prestamos is to offer loans and technical assistance to small businesses. Prestamos provides these services in order to present economic an employment opportunities and to empower and sustain its community.

Technical assistance is offered before, during, anafter the initial loan application process.
Start up and existing businesses can apply for the Microloan Program. Loans in this program are offered to those in our specific target areas and range from $2,000 to $35,000.
Existing business can apply for the SBA Community Express Loans. These loans are best suited for those businesses whose needs fall between the Microloan program and conventional loan programs. Loans can be made from $35,000 to $250,000.
Loan funds may be used for renovation, rehabilitation, working capital, or the purchase of equipment, machinery, furniture, fixtures, inventory, or supplies.
To apply or for further questions, call or visit Prestamos (602) 258-9911
1122 East Buckeye Road, Suite B-4
Phoenix, Arizona 85034

Skin Frenzy
Prestamos would like to congratulate Liz Treviño of Skin Frenzy. Her day spa in Phoenix was recently featured in the April issue of Latino Perspectives. The article entitled "Latina Entrepreneurs Making Their Mark" highlights the success of Skin Frenzy.

The story is inspirational and encouraging to anyone trying to start a small business. Liz says it best in the article: "We're starting to realize passion is required to be successful. If there is passion behind it, it will work."

JOATMON Construction
After more than ten years experience, Jose started his own fabricating shop in 2002 to provide licensed welding manufacture and repair service. He realized that there were many opportunities in the booming Kingman/Lake Havasu area.

After discussing his plan with Mohave Community College Small Business Development Center he was referred to Prestamos. Jose received a loan for $10,000, technical assistance, and a referral so Jose could expand into the distributorship of steel buildings.

Prestamos is happy to help hardworking entrepreneurs, like Jose, and looks forward to continuing to help!
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International Motors
Carlos Valdez started his car dealership in 1998 by renting a lot in downtown Nogales. He soon learned that there was many opportunities in this border town and in 2002 opened a finance office to externally place a dealer paper. Like most small business entrepreneurs, Carlos needed financing to bring his ideas to life and reduce existing cost of funds. He discussed his plan with Prestamos CDFI. Carlos was not disappointed, for CPLC not only gave him the original loan for $100,000, but also later provided additional financing so Carlos could buy commercial property to improve visibility for his business.

Providing reliable transportation to resident in the Nogales area has proven to be a clear road to success for Carlos. It wasn't always easy but, good customer relationships and dedicated employees have made it happen.
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No Limits Salon
Delory Hand, owner of No Limits Salon, is an active member of the community. After receiving her loan from Prestamos she made many improvements to her salon. A recent addition includes a relaxing massage room. The full service salon is well equipped and offers a full range of hair and nail services.

Besides the many services her salon provides, Delory is providing a service to the community. Located in the rapidly growing South Phoenix area on 48 th Street and Baseline, No Limits is providing jobs to qualified people in the neighborhood. Delory and her staff also participated in Phoenix's local Martin Luther King Jr. Day celebration. Prestamos is proud to support local businesses that are giving back to the community.
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