“It has been more than just a financial resource…it’s a connection”

Opportunity for Impact

After already confirming their first contract within the first year of business, Creative NxGen found that to continue adding clients, they would need a significant and consistent pool of capital. Withdrawing and transporting fuel requires a large sum up front with the expectation that the supplier will recoup the costs, plus profit, once it’s sold to distributors. However, having substantial capital readily available with limited notice is difficult for any early stage businesses. Even with good credit and a business savvy leader, Charlene struggled to find a loan provider that could move fast enough to cover costs. This cash flow problem is common and can prohibit new fuel businesses from getting started, pushing out entrepreneurs like Charlene trying to enter the market.

Our Partnership

Bridging Virginia provided Charlene $30,000 of working capital to sustain and expand her business. The Bridging Virginia team also worked with Charlene to plan for sustainable financial success, offering one-on-one business counseling and connecting her to other resources.

Beyond Capital

With the capital flow they needed, Creative NxGen continues to confidently and seamlessly provide fuel to Virginia and other states. With increased financial security, Charlene can focus on growing her business with more contracts, more trucks, more drivers, and ultimately more revenue.

Creative NxGen is now looking towards the future of fuel service: cleaner energy. With their sights set on eventually adding electric vehicle stations, NxGen is already finding ways to minimize their carbon footprint. In addition to distributing biodegradable landfill friendly spill kits, they have become a distributor of a fuel burn rate modifier product that increases company's and her client's fuel efficiency while reducing emissions. Creative NxGen’s success is an exciting look at the future of the fuel industry and the communities it serves.