Parminder Batra | Sekuretrack
SekureTrak, Inc was established in September 2013 to provide a technology to automate operations and provide safety buttons to hotels. Parminder is a graduate of 871’s Wistem Program for female tech founders and a certified WBE.
As of May 2018, TraknProtect closed 16 new contracts, for $299,240. Because Parminder had used all her personal assets to fund the early R&D work of the business and the business was just starting to earn revenue, she did not qualify for a traditional bank loan. The WBDC was able to provide Parminder a loan in the amount of $75,000 to fulfill contractual obligations for her growing business.
Freda Madison | Madison Enterprises
Freda had an idea to open a co-working space in Washington Park because she witnessed the high unemployment and low business resources available in that neighborhood. She attended the WBDC’s Plan for Profit and ScaleUp business education programs to develop a plan for her business. Because of her participation in the WBDC education programs, she was able to qualify for a $5,000 loan with CIBC to start the co-working space.
Ninva Concepcion | Little Kid n Me Daycare/ Learning Center
Ninva had a successful, licensed home daycare which she started in 2005, but she wanted to grow her business and open a child care center. She met with several lending institutions but access to capital seemed impossible.
A peer child care provider advised Ninva to seek assistance from the WBDC. Ninva was guided on the necessary steps to expand her business and in July 2013, Ninva received a loan through the WBDC’s Access to Capital Program for $20,000 to open the doors of Little Kid n Me Learning Center.