$200,000
Investment
About the Business
Taco Block is a fast-growing, mobile food business in Colorado serving a range of clients from weddings and parties to corporations and hospitals. Taco Block features meat and vegetarian tacos, sides, soft drinks, churros with ice cream, and salsa made from scratch.
About the Co-owners
Taco Block’s co-owners, Adrian Bonilla and Brenda Garcia, have over 16 years of experience in the food services industry and have operated food trailers and food kiosks. They moved to the private and corporate event catering business in 2018 which has created a steady revenue stream.
Deal Overview
The Colorado BIPOC Micro Equity Program provided a $200,000 investment which will enable Taco Block to finance two additional food trucks with serve-ready equipment and upgrades/ maintenance of a private commercial kitchen. This capital will enable the sponsor to meet rising customer demand, reduce prep and driving time, and facilitate larger orders. The kitchen also has a patio that Taco Block will operate either as a fast-casual restaurant, drive-through, or private events.
Impact Highlights
BIPOC-owned business with BIPOC- head chef
Taco Block’s commercial kitchen encouraging business to a moderate-income tract
Capital access for a business entity located in a low-income tract
New job creation as the business expands
*Information as of November 2022
*All information above as of March 2023.
Project Gallery
The investment pools sponsored by LISC are available only to eligible investors, are offered only pursuant to their official offering documents, and are managed by LISC Fund Management, which is a wholly-owned subsidiary of LISC. LISC Fund Management is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Registration of an investment adviser with the SEC does not imply any level of skill or training. Please visit the SEC’s website at www.adviserinfo.sec.gov to see LISC Fund Management’s Form ADV, which contains important disclosures, including further disclosures about material conflicts of interest, risks, and limitations associated with LISC Fund Management.