El Mercadito in San Francisco, California
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- Business name: El Mercadito
- Address:
- 2303 Mission St.
San Francisco, California 94110 - Phone number: 415-282-3334
- Business hours:
- 10 am to 7pm
- Year established: 2010
- Credit cards accepted: Yes
- Number of employees: 5-9
- Map:
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- Email address:
- Category: Business & Professional Services
- Description:
- El Mercadito is full of surprises and success-driven ownership that promotes economic development for the Latino community. El Mercadito, which had its grand opening Oct. 28, has nine current vendors with three spaces in the process of being filled. Vendors pay anywhere from $270 to $1,000 per month based on a small to big incubator space. If your credit is not so good or you have no credit at all but a great idea that has been well thought out and planned, MEDA can help you get the loan you need to start your business. Once you finish the program MEDA continues to help every step of the way to insure a higher level of success. “According to SBA (Small Buisness Association) statistics, only three out of 10 start-up business will make it. We are trying to use this information to do everything possible to insure that we are trying everything by providing resources at their fingertips for success,” explains Escobedo. Everyone helps each other out as a family to promote education and success at El Mercadito. The businesses contract their space for five years with the hopes that by a minimum of three they will have niched a market so they can profit enough to grow into a bigger space of their own. Once at this point, MEDA still helps the owner in acquiring any permits for a new location by providing lawyers to go through legal documents before finalizing every step. Overall, MEDA’s program provides a win-win situation. “You don’t waste your time during this process (…) in the end you can use all the information and business plan somewhere else,” said Escobedo.
- Photos:
- Last update: 2011-08-22
- Visits: 845
