(March 29, 2021)
Former California Medical Professional Grows Scrubs Enterprise with CDFI Financing
Article published by the Opportunity Finance Network (OFN), March 26, 2021.
Client: Reyna Chavez, owner of Scrubs on the Run
Client location: Ventura, CA
CDFI: Women’s Economic Ventures
CDFI service area: California
CDFI services provided: Financing and technical assistance
- Woman-owned startup business able to expand to three locations and reach $500,000 in revenue
In 2011, Reyna Chavez started Scrubs on the Run. After years working in the healthcare field, she saw a need to offer hard-working medical professionals the ability to conveniently shop for unique and affordable uniforms. Reyna began traveling to local hospitals to sell scrubs from her car, until she established a formal retail presence with support from Women’s Economic Ventures (WEV).
A 2014 loan from WEV helped Reyna open her first location in Ventura, CA. This financing allowed her to quit her full-time job, hire her first employee, and completely focus on her business. Since then, she has participated in WEV’s business coaching programs and opened two additional locations in nearby Thousand Oaks and Oxnard. Despite challenges posed by COVID19, Reyna continues to grow her business steadily, exceeding $500,000 in revenue in 2019.
“It’s hard to imagine doing business without WEV by my side,” Reyna said. “Over the last seven years I have grown personally and professionally because of the impact WEV has had on me. During COVID-19, WEV has provided guidance and the emergency funding I needed to keep my business operating.”
Opportunity Finance Network (OFN) is the national association of community development financial institutions (CDFIs). OFN provides capital, advocacy, and capacity building to help OFN member and non-member CDFIs create impact in rural, urban, and Native communities nationwide. OFN is also a CDFI.
Women’s Economic Ventures is an OFN member, and a Certified Community Development Financial Institution (CDFI).