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AGENCY TESTIMONY
Case study: SugaWRap LLC
0:08:32
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45 sec
SugaWrap LLC, a women-owned Bronx-based business, illustrates the impact of SBS's capital access programs.
- SugaWrap produces 100% biodegradable and compostable food containers.
- The business received a $34,000 loan in March 2023 through the NYC Funds Finder platform.
- SBS helped improve the business's financial statements and projections for the financing package.
- The funding allowed SugaWrap to purchase bulk inventory at better rates, invest in marketing, and establish a cash reserve for continued growth.
Kitty Chan
0:08:32
Suga Rap LLC, a women owned Bronx based business producing 100% biodegradable and compostable food containers illustrates the impact of SBS's capital access programs.
0:08:45
Using the NYC Funds Finder platform, Sabine Prost connected with the financing account manager at our Bronx based IBSB in January and received a $34,000 loan in March of 20 of this year.
0:08:59
SBS helped her improve the business' financial statements and projections used in their financing package.
0:09:05
This funding allowed Sugorap to purchase bulk inventory at better rates, invest in marketing, and establish a cash rev reserve positioning her business for continued growth.