- Business Start
- SBA Loan
- Jobs Created: 3
Dr. Satvir Singh is a professor in the ASU Norris-Vincent College of Business. He has experience in the convenience store industry and became interested in opening a convenience store with his wife in a location he discovered near a local lake that had been used for that purpose in years past.
Singh contacted the SBDC for assistance and was assigned to James Leavelle, senior certified business advisor. Leavelle assisted Singh with his business plan and financial projections for a Small Business Administration (SBA) guaranteed loan through a local lender. He also provided guidance on product and fuel venders and discussed with Singh the pros and cons of offering branded fuel. Singh and his wife were able to secure the necessary funding to purchase the property and open their store.
“James was highly knowledgeable and very helpful. He helped us prepare our cashflow projections for the SBA loan.”