504 loan leads to smoother sailing

Duan, Mary
April 2008
Inside Tucson Business;4/21/2008 From Beginners to Bigshot, Vol. 17, p6
The article reports on the success of John Le, founder of Seafood Connection Inc. in San Jose, California. He started with his company by renting freezer space from a customer and secured $600,000 loan from investors and $1 million through the Small Business Administration's 504 loan program to expand his facility. It cites the success of Le in running a small business, by which his sales in the first month of operation reached $75,000 and increase more then $3.5 million a month in 2006.


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