Friends Wholesale to Open Brand New Location through Biz2Credit's Support.
Mohammad Mansoorie, owner of Chicago-based Friends Wholesale, started his business from the ground up with only $2,500 in his pocket.
"Friends Wholesale grew exponentially, bringing in $6 million within 6 months," says Mansoorie, a Biz2Credit customer since March of 2017. "I knew there was still potential in the market just waiting to be tapped."
With his business entering a rapid expansion phase, Mansoorie was in need of financial support. However, he found that despite building a trustworthy reputation and sound credibility as a small business owner, most banks were still unwilling to work with him.
"There are many small business owners like me who wake up every day passionate about their businesses and are willing to put in the time and effort needed to make it a success," says Mansoorie. "They need financial assistance, but just like in my case, institutions will shut their door on them."
Intent on growing his business, Mansoorie began looking for another solution. And that's when he found Biz2Credit.
"I reached out to other potential lenders to help me get the funds I needed," says Mansoorie. "But what really stood out about Biz2Credit were the company's professionalism, helpful manner, and quick turnaround time. They moved fast to get me the funds I needed."
Through Biz2Credit's help, Mansoorie received a business advance of $350,000 with a term of 1 year, all within 5 days. The only documentation needed was an FRSA.
"Biz2Credit application process was very simple and to the point," says Mansoorie. "I was approved in no time. Most companies did not respond or pick up my call, and if they did, I got the sense that I was being done a favor. Not with Biz2Credit. The company appreciates my business the way I appreciate theirs. And that mutual partnership is everything."
Asked whether or not he would refer Biz2Credit to another small business owner in his shoes, Mansoorie is enthusiastic.
"As a small business owner, you can see immediate improvements in profitability when you have the financial support you need," explains Mansoorie. "I am able to bargain when it comes to purchases, because I know I am financially secure and have real purchasing power. Because of Biz2Credit, Friends Wholesale will be expanding to an even larger warehouse this year."