When Deena Elhag-Papagni purchased A Touch of Class in 1990, the company was staffed by 16 people who diligently worked to put 11 limousines on the road. Fourteen years later, her business had grown and Deena found herself crowded in with double the number of workers and vehicles.
What Deena needed was a location in between Fresno and Madera with enough room to handle future growth. And she needed an advocate to help her through the maze of bureaucracy to get the most favorable financing.
Cen Cal stepped in with an SBA program that would reward A Touch of Class as a profitable, woman-run business with a loan package that would allow her to purchase and build a facility with lower rates.
With our help and guidance, Deena secured the financing needed for the purchase of 1.4 acres and the construction of an 18,450 square-foot facility. Needing only a down payment of only 10% instead of the 25-30% required by most banks and with an interest rate of 6.2% compared to 7%, Deena saved an appreciable amount of money she put toward continued business growth. Thank to Cen Cal, the road ahead is looking good for Deena Elhag-Papagni and A Touch of Class.