What they do:
Arago Trucking is a small business offering transportation services throughout San Diego County, working with other small businesses to transport goods.
Why we invested:
Owner Marco Avila needed capital to improve and update his trucks to comply with environmental regulations. As a small business, delays in getting paid by their customers can have a big impact on their operations. A private investor—a small business customer that uses Arago Trucking’s services—saw that they were not being paid quickly enough by some of their larger customers, and reached out to Mission Driven Finance to set up this customized financial solution to provide working capital so that Marco could immediately make updates to his trucks. By facilitating this financial support, we are making it easy for people to invest in their community.
- Impact SegmentAdvance economic opportunity
- Impact VehicleCustomized financial solution
- Investment Details$50,000 loan made in July 2020
- Impact GeographySan Diego, CA
- LeadershipMarco & Jose Avila, co-owners
- Year Founded2018