LU
MAR INDUSTRIAL METALS, INC
Gabriel Garcia (323-636-0156) was a teenager with only
five years of education when he moved from Mexico to California.
But a chance encounter at a coffee shop changed his life.
It was there that he met Samuel Kimmel, the owner of a
recycling plant who gave him a job. While working there,
Gabriel learned English and much about the recycling business.
He knew so much about it that when Samuel died, Gabriel
was asked to run the business. He accepted and did so
for nine years. Then Gabriel wanted to buy out the Kimmels’
business but was rejected. That was when he decided to
start his own company, which would become LU MAR INDUSTRIAL
METALS, INC. With the help of Comerica Bank, he was able
to attain the acres of land he needed for his operations.
In addition, Gabriel’s plant is advantageously located
in the middle of Los Angeles. This allows him to easily
access material from other parts of the city. Lu Mar Industrial
Metals, Inc. ships recycled metal throughout the United
States and overseas. Its clients range from computer manufacturers
to restaurants like the Cheesecake Factory. Currently,
Lu Mar Industrial Metals, Inc. is worth close to $30 million.
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PATTEN
ENERGY ENTERPRISES, INC
Ezekiel Patten (310-665-9100) has always admired smaller
and more responsive companies. That is why he chose to
work as a marketer for a small oil firm that sold to the
Panama Canal. When his position there ended, he started
PATTEN ENERGY ENTERPRISES, INC. in 1990. There, Ezekiel
continued doing what he did best—buying gasoline
and lubricants from large oil suppliers and reselling
to various companies and the government. However, Ezekiel
faced the difficulty of obtaining capital to start his
business. He had to use his credit cards to gain a combined
credit line of $80,000. Fortunately, he received financing
from Comerica Bank as his business grew. In 2004, Patten
Energy Enterprises, Inc. grossed $13 million and is continuing
to climb. Even so, Ezekiel’s company still faces
a relatively thin profit margin due to high costs. He
is hoping to lower his expenses by eventually purchasing
his own oil refinery.
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IIn
Secrets of Success, author and attorney
Cliff Ennico (www.cliffennico.com) talks about how to effectively
ask people for money to start a business.
The studio guest is Don Kincey (213-484-3782),
Vice President of Community Business Banking of Comerica Bank.
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