Customer Stories

The Impact

  • Minority-owned business
  • Woman-owned business
  • Located in a low-income area
  • Two living-wage full-time jobs retained
GLO Mini Golf

GLO Mini Golf

Michael and Jenese Mathews and Charlie and Paula Douglas opened GLO Mini Golf in 2014 in Riverside, CA. They were excited to bring a fun and family-friendly experience to their community with a unique glow-in-the-dark and virtual reality mini golf concept. As they started their business they self-funded through personal sources and business credit cards. However, the high-interest payments on their credit cards negatively impacted their ability to grow and they needed to refinance the debt to be able to continue their success.

Unfortunately, the credit card debt had negatively impacted their ability to obtain credit and that, along with a collateral shortfall, left them unable to be approved by traditional lenders.

Then, they found Connect2Capital and we saw their passion for their business and were intrigued by their unique twist on mini golf, so we dug deeper.

After reviewing their strong business plan we saw a strong business with skilled and creative management. We were able to approve a $350,000 SBA 7(a) loan to refinance their debt and provide working capital. This reduced their monthly payments by 52%!