Fresno Interior Designer Leads Business Through COVID-19 with CDFI Microloan
Client: Keynan Ammons, owner of Ammons Design and Home Decor
Client Location: Fresno, CA
CDFI: Access Plus Capital
CDFI Service Area: CA
Financing and technical assistance, with support from the Grow with Google Small Business Fund and Google.org Grant Program
Like many businesses, Ammons Design and Home Decor faced monumental challenges following COVID-19 shutdowns and needed operating capital to get through the anticipated financial slump. Owner Keynan Ammons explored funding options, including mainstream financing, but as a relatively young business, he lacked much of the paperwork and historical financial records required by traditional lenders. Skeptical of his chances at successfully receiving a business loan, he sought help from Access Plus Capital after a referral from a friend.
Access Plus Capital provided Keynan with the operating capital his business needed to survive its financial setbacks, maintain a staff of six without any layoffs, and pay its bills. Keynan’s business has already been able to recover and begin thriving again through the help of a nanoloan from Access Plus Capital.
“I had the dream, I had the business, I had the drive to do the work, but I didn’t see where there was a lot of support for me, and so I spoke to the team over at Access Plus Capital and they helped a lot,” Keynan said. “They made me feel very comfortable and were very clear about what my expectations should be. I felt like it was an honest business that I could trust that would help me to get to that next level and through that spell where I needed assistance.”