Success Stories

SUCCESS STORIES

Fujisan Sushi – Qi Chao Yu

From the first day Qi Chao Yu worked at a sushi restaurant in 2003, he dreamed of one day acquiring his own business.  Mr. Yu gained some experience working as a sushi chef at Albertsons Supermarket, but unfortunately he was laid off when the company was bought by Lucky Supermarkets.  While unemployed for 2 years, Mr. Yu inadvertently learned that a local Japanese restaurant was available for sale and immediately seized this opportunity to buy the business.

However, since Mr. Yu was accustomed to paying his bills in cash, he did not have any prior credit history and was unable to secure a loan with conventional banks.  Mr. Yu turned to San Francisco Community Business Resources Inc. (SFCBR) for his business needs, which was able to assist him with obtaining a $30,000 loan from Northeast Community Federal Credit Union (NECFCU).  With SFCBR’s assistance and additional financial support from his son, Mr. Yu opened Fujisan Sushi, a business that is flourishing, and he has been making timely payments on his loan.

The Pizza Place LLC – Kevin Baryza and David Ashin

Kevin Baryza and David Ashin co-founded The Pizza Place LLC in September 2006.  To finance a series of renovations, Mr. Baryza and Mr. Ashin applied for a loan with various conventional banks, but they repeatedly were declined.   They then turned to San Francisco Community Business Resources, Inc. (SFCBR), which helped them secure a $35,000 loan through Northeast Community Federal Credit Union (NECFCU).

The venture was so successful that business flourished, and The Pizza Place received multiple rave reviews from food critics.  When the premise next door became available, the owners grabbed this opportunity to expand, and once again through SFCBR, they received a second $25,000 loan.  The Pizza Place is currently is booming, and Mr. Baryza and Mr. Ashin have not had any hardships making the 2 loan payments on schedule.

Paper Rush Company, Inc. – June Tran Vanh

June Tran Vanh first arrived in the United States from Vietnam as a student in 1969.  Over the years, Ms. Vanh worked several jobs, including a position at the Vietnamese Consulate and eventually as the owner of six nail care businesses in downtown San Francisco.  However, when the nail care field became saturated with competitors, Ms. Vanh sold her business chain to start a recycling business that reflected her passion for promoting a cleaner environment.

In 1987, she single-handedly founded the Paper Rush Company, Inc., a business that focuses on recycling scrap paper, aluminum cans, and glass bottles.  After being turned down by conventional banks, Ms. Vanh approached San Francisco Community Business Resources Inc. (SFCBR).  Not only did SFCBR provide her with an initial loan of $20,000 through Northeast Community Federal Credit Union(NECFCU), SFCBR also assisted her with drawing up contracts, obtaining a business license, finding a place to lease, and submitting permit applications.

Today, with two successful offices in San Francisco and Oakland and a full-time 14 employee staff, Ms. Vanh certainly has come a long way.  With the aid of SFCBR, Ms. Vinh has created a successful business venture that not only creates employment for local residents but also contributes to a greener environment.

Tin Shing Printing –Shao Lan Lun Luk

In the early 1980’s, Shao Lan Lun Luk and her late husband Ming Luk, immigrants from China, had dreams of starting a printing business.  With the aid of San Francisco Community Business Resources (SFCBR), Mr. and Mrs. Luk were able to obtain a $35,000 loan through Northeast Community Federal Credit Union (NECFCU), which provided them with initial working capital and printing equipment to launch their business venture.

On September 1, 1989, Mr. and Mrs. Luk founded Tin Shing Printing Company, which produces many different types of printing material, including books, posters, menus, flyers, and business cards.  Over the years, the business became one of the premier printing companies in Chinatown.  The owners decided to expand their successful business by purchasing a building located in the South of Market area in San Francisco.  Tin Shing Printing applied for a second loan of $50,000 to finance new printing equipment, and SFCBR once again secured them the loan through NECFCU.  Tin Shing Printing grew from a small family business to one with 12 longstanding employees.

However, with the economic recession and competition of online printing, Mrs. Luk applied for a third business loan with SFCBR in order to keep her company afloat and prevent her current staff from becoming unemployed.  Using her home as collateral for the loan, Mrs. Luk received $200,000 to use as working capital and meet payroll expenses.  With tighter control of overhead expenses and better economic times, Ting Shing Printing Company will continue to exist as one Chinatown’s premier printing businesses.