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Borrow Time

Leave me a loan, financial fitness training, cool and collected.

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This story appears in the September 1998 issue of Business Start-Ups magazine.

Norma Teran saw a need in Fresno County, California, for an employment agency that specialized in part-time and temporary dental personnel. After preparing a business plan, she determined she'd have to borrow $5,000 to finance her venture.

With business plan in hand, Teran visited the Valley Small Business Development Corp. in Fresno. "Getting a microloan was a snap," says the veteran dental assistant. "They helped me complete the paperwork that day, and 45 days later, I had the money." Teran bought furniture, supplies, a computer and software, using the balance of the loan for operating capital and marketing expenses. Today, she's celebrating the first anniversary of Dental Team Coordinator, serving Fresno and Kings counties from her home office in Sanger, California.

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