M.S.L. Ferrier Services

As we enter the new year, many of us are filled with excitement and hope for what's to come. It's a time to reflect on the past and set goals for the future. We are happy to share that we were able to close off 2023 on a positive note, setting the tone for 2024. We had the opportunity to fund a small business loan deal for Jose Manuel Saenz Luna, owner of M.S.L. Ferrier Services, this past month. M.S.L. Ferrier Services is a horse hauling business that was established five years ago, and since then has been galloping towards success.

Jose has come a long way in his entrepreneurship journey, paving his way in this industry over the last 10 years. Prior to starting his business, Jose worked in the horse hauling industry where he learned everything he needed to know to start M.S.L. Ferrier Services. After a few years, Jose decided to take a leap and create a company of his own with the knowledge and experience he had gained. Since starting M.S.L. Ferrier Services, Jose has been able to assist an abundance of individuals including equestrians, ranch owners, and anyone in need of transporting horses across southern and northern California. Although Jose’s business has been successful and continuously growing over the course of the 5 years, he decided its time for more. With his current truck and trailer, his capacity is limited, and with his constant flow of clients and referral opportunities he found himself to be in need of higher scale equipment. Jose then decided to pursue the route of acquiring a loan for the expansion of his business. Yet, after approaching many banks and direct lenders, he was continuously rejected.

Being a primarily Spanish speaking individual, there have been multiple hurdles that Jose has needed to overcome to get to where he is today. Although Jose has faced many challenges, he is determined to make a name for himself and his business in this world, despite language and cultural barriers.
When Jose ultimately came across our organization, he was pleased to hear that we prioritize assisting minority-owned businesses and were interested in pursuing his application with our direct lending partner, Altcap California. Together, our team and theirs committed to moving forward in the loan process and did everything in our power to assure he would see the day where he hears “loan approved”. From the first day, when Jose presented us with his situation and business goals, until the day we were able to fund, we stood by him each step of way assuring the process would run as smoothly as possible. Having a Spanish speaking representative working with Jose at every phase has also made this process much easier and more comfortable for him. This allowed for excellent communication between Jose and our team throughout the entirety of the loan process.

Finally, we were able to get his application approved and were able to move forward with closing his first loan. Although the small business loan process is not always a swift one, we ensured we were able to close the deal in a timely manner to allow Jose to purchase the equipment necessary to expand and assist his clientele. Jose was seeking $70,000 in financing to purchase an additional truck (2015 Ram 5500) along with a large horse trailer that has a capacity of transporting up to seven horses at once. After all of the “no’s” Jose heard in his pursuit of acquiring a loan, we finally reached the day we were able to say “YES!”. We funded the loan for M.S.L. Ferrier Services in December 2023, and this financing will grant him the opportunity to grow his client base and as a result, grow his business. In this new year, Jose plans on gaining more clients and expanding his services. With the help of So Cal CDC and Altcap California, we made this dream achievable for him. So, let's take a moment to celebrate the possibilities of the new year and the success stories that are waiting to be written. We are So Cal CDC, and we are here to deliver small business success. 

---