Client: Asia Grady, owner of Big Miles Transportation Company
Client location: Newport, AR
CDFI: People Trust
CDFI service area: Little Rock, AR
CDFI services provided: Financing and technical assistance, with support from the Grow with Google Small Business Fund and Google.org Grant Program
Long-term investment in transportation is a critical part of increasing economic opportunity and reducing poverty. Big Miles Transportation Company LLC is a minority- and woman-owned small business that emerged out of an unmet transportation need in the economically distressed city of Newport, AR. When traditional banks turned down Big Miles for financing due to inadequate credit, owner Asia Grady sought help from People Trust, a local Community Development Financial Institution (CDFI).
After learning about People Trust on social media and then applying for funding, Big Miles received a $1,000 microloan and technical assistance from the CDFI for operations, vehicle maintenance, and personal protection equipment. Through this support, Big Miles continues to make transportation accessible to more than 200 low-income individuals, including senior citizens and those who are disabled and very low-income and need transportation to work, dialysis treatments, grocery store runs, doctor visits, and more.
“People Trust gave me an opportunity to grow and expand my transportation business when no other banks would,” said Asia. “The vulnerable residents in Newport, Arkansas, will be able to continue to benefit from this vital service provided to those who need it the most.”
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