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Flan man’s enterprise typifies small-business loan program’s triumphs

Horacio Pena was probably never going to find a bank willing to lend him $10,000 to start a business, no matter how hard he tried.

Pena, an immigrant from Mexico, had been in Salt Lake only a few years, working as a server in a downtown restaurant. He wasn’t a U.S. citizen. His English wasn’t perfect and his credit record was thin. The chances that a fledgling business making flan desserts could survive were almost nil.

Yet today Pena is in business. His company, Sophi-Flan, has 90 customers around the the Salt Lake Valley. Pena employs two full-time workers. Together they make 350 flans a week in a variety of flavors at an industrial kitchen owned by Jorge Fierro, another businessman-expatriate from Mexico.

By Paul Beebe
The Salt Lake Tribune

Full Story: http://www.sltrib.com/business/ci_5009033

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