 Houston raised the $15,000 and Beavers found 500 blacks that would pay premiums for a company that was yet to be established.On July 23, 1925 they opened as the Golden State Guarantee Fund Insurance Company in a one-room office at 1435 Central Avenue, Los Angeles, with few amenities and $17,800 in capital.Within three months the company had outgrown its office and moved to a storeroom at 3512 Central Avenue.