E.T. Electric LLC
Owner: Erick Towles
Location: Reading, PA
Business: Electrical Contractor
Purpose of Loan: Start-up and Business Expansion
Impact: Economic Security
Erick Towles looks for opportunities around every corner. As a Master Electrician and owner of E.T. Electric in Reading, he relies on a strong cash flow to keep his project pipeline flowing.
Erick initially approached Community First Fund in 2005 for a loan to get his small business off the ground. As he grew the business, Erick wanted to go after larger projects in a wider geographic area, but like many small contractors, limited cash flow forced him to complete one project before starting another.
We once again worked with Erick to establish a line of credit that’s allowed him to pursue and land additional commercial, residential and light industrial opportunities in Berks County as well as surrounding areas including Philadelphia and New Jersey. This steady line of business lights the way for Erick’s continued success.