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Photo by Loretta Garcia
Miguel Hernandez, owner of the Don Jose
Panaderia,
an established bakery in Presidio, Texas.
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Miguel Hernandez
DBA Don Jose Panaderia, Presidio
Miguel Hernandez and his family have been in the bakery business for many
generations in Mexico. Miguel decided to use the family’s delicious recipes
to make his breads and pastries available in Presidio and the surrounding
area.
Mr. Hernandez established Don Jose Panaderia on January 15, 2004 in the
center of town. Recently, Miguel noticed that sales had increased greatly
over the past year and decided to make a long-term investment by applying
for a
 direct
commercial loan of $56,500 for the purchase the land and building he was
occupying. He will also be making renovations.
Miguel was encouraged by a good customer, Nereida Marquez, a loan officer
at Fort Davis State Bank. Mr. Hernandez called Loretta Garcia, SBDC Senior
Business Advisor, for assistance in generating a direct commercial loan
application. Mr. Hernandez pledged approximately $18,785 in business assets
to obtain this loan. The loan was facilitated by Nereida Marquez and
approved by Fort Davis State Bank. The annual projected sales increase for
this small business expansion is $108,882.
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