David Chavez and his business partner had owned two small event space locations in Las Vegas for several years, but found they were limited in terms of the number of people and services they could accommodate. When one of their locations was at risk of shuttering because of a building sale, Chavez knew that if he wanted to continue expanding his business, he needed capital infusion to acquire a larger space to host more grand events for his customers.

Chavez reached out to Nevada SBDC for assistance, working closely with Nevada SBDC expert business advisor Anabel Navarro to work on financial planning and marketing strategy. Chavez also attended the NxLevel business education class (also taught by Navarro) to learn advanced business techniques and applied for the Clark County Office of Community and Economic Development’s Technical and Economic Assistance Program (TEAP). Nevada SBDC provided the technical assistance portion of the TEAP program, ensuring that awarded funds were used to appropriately sustain or grow Clark County small businesses negatively impacted by the COVID-19 pandemic.

Chavez successfully graduated from the 10-week NxLevel program and now has a slate of new tools at his disposal to sustain and grow his business. He also successfully completed the 12-month long TEAP program, receiving a capital infusion grant of $25,000 and in-depth guidance on expanding. Factory of Dreams Banquet Hall was able to expand acquire a much larger space, allowing Chavez to host an array of grand events including weddings, birthdays, quinceaneras, and more. The business is on track to do nearly $1,000,000 in sales in 2024.

“Nevada SBDC is a blessing. I’d definitely recommend the services and mentoring they offer – it’s such a gift. All you have to do is reach out.”

– David Chavez,
Co-Owner, Factory of Dreams Banquet Hall