Biz2Credit Sees NJ Marble & Granite Business Through Hurricane Sandy
Rajendra Kankariya, owner of Lotus Exim, a New Jersey-based marble and granite import/export business, is no stranger to the blood, sweat and tears that come with the territory of an entrepreneur.
"I started Lotus Exim 30 years ago out of my home." says Kankariya, a Biz2Credit client since 2012. "Through time, effort, and the assistance of Biz2Credit, I have managed to expand the business beyond New Jersey, opening locations in Michigan, Florida, and internationally in India."
Like every small business owner, Kankariya has faced his share of ups and downs due to unforeseen circumstances. After the devastation of Hurricane Sandy, Lotus Exim was unable to operate for 15 days.
"After the hurricane, I received a call from Corey at Biz2Credit asking if I needed any assistance. He worked with me to get Lotus Exim back up and running in the aftermath. Since then, Lotus Exim and Biz2Credit have entered into a partnership together, networking and sponsoring local community events such as the Bergen County Indian Festival."
Due to Lotus Exim's substantial success and growth, Kankariya decided that now was the right time for company expansion. He contacted a realtor and began searching for the perfect property for the company's new location, eventually settling on a facility that was three times bigger than Lotus Exim's current building.
"When I finally found our new location, I needed to move fast," says Kankariya. "I am very familiar with the bureaucracy and slow turnaround time that comes with working directly with a bank. In the past, Biz2Credit had given me funds to purchase materials from factories that were having liquidation sales. They were able to provide me with a low-payback business advance very quickly, all without draining my cash flow. I knew I could rely on Biz2Credit again. They created a tailor-made agreement for me within 30 minutes, and I received the money I needed to purchase the property within a week.I am now on the fast track to expansion."
Asked if he would refer to Biz2Credit to any of his colleagues, Kankariya is enthusiastic.
"For every small business owner, financing is a lifeline. Biz2Credit has helped me to replenish capital, increase inventory, and increase sales," says Kankariya. "I will continue to refer Biz2Credit to both friends and colleagues."