All State Insurance - Damaris Lopez-Connors

The South Valley BusinessSource Center assisted Damaris Lopez-Connors secure a $100,000 business loan that will allow her to expand her business by hiring employees and purchasing office equipment.

Damaris Lopez-Connors launched her Allstate Insurance Agency in 2015 with a simple mission of putting customers at the center of every decision. Damaris has staffed her agency with individuals who genuinely care for their community and who understand the needs of insurance.

As an Allstate agent located in Los Angeles, Damaris has gotten to know a lot of local families and enjoys being a part of the community.  For this reason, Damaris opened her doors at 3653 ½ La Brea Blvd. because the surrounding area is mainly populated by low income minorities in need of her genuine service. Damaris explains that building relationships is one of the best parts of her job because she looks forward to helping her community find the right solutions that meet their insurance needs. She educates her customers  and helps them manage the risk of losing their assets as a result of inadequate or unreliable coverage.

Damaris enrolled with the South Valley BusinessSource Center in October of 2017 and was assisted with access to capital, loan packaging assistance, and business plan development. She was referred to us by one of our consultants and now she is referring her friends and family to the South Valley BusinessSource Center as well. During Damaris’ first year in operation, she had  gross sales of over $100,000. After her second year in operation, her gross sales were near half a million dollars. Now with the assistance of the South Valley BusinessSource Center, the $100,000 commercial loan she received with Lendistry, and a new marketing strategy she is projecting total sales of over $1M in the next two years.