Maine SBDC assisted the business owner to prepare a business plan and accompanying financials in order to secure financing. With our help she was able to obtain funding to purchase the real estate and business from the prior owner.
Posts Categorized: Success Stories
The couple had already started work with the seller, who was supportive of the pair purchasing the business. In order to complete the sale though, they needed to loan. Their loan officer at Franklin Savings Bank sent them to Business Advisor Jane Mickeriz for assistance completing their loan package.
After two years in business, Sukhi Singh, co-owner of E&S Auto Repair in Scarborough, came to the Maine SBDC looking for help to grow his business. Him and his business partner Edwin Zukic had been working out of a leased three bay garage and were quickly running into two main problems – rent was relatively… Read more »
Jim Denz’s passion for brewing started in 1994, when he began making his own beer in the basement of his home. Before long, he was the go-to beer supplier for friends and family, producing three different beers. Jim began visiting local craft breweries, exploring the craft beer industry and imagining what it would be like… Read more »
When Nina Murray decided she wanted to start her own bakery making homemade crackers, she gave herself plenty of time to do it right. She came in to the Maine SBDC at the University of Southern Maine in Portland and met with Business Advisor Peter Harriman who advised her on many steps of starting and running a successful business.
After taking the summer of 2016 off, this couple saw an opportunity to reopen their restaurant in a more permanent location. In order to do this, the couple needed to transform the space into a restaurant and purchase the necessary equipment for a commercial kitchen. They turned to Maine SBDC Business Advisor David Hill for assistance in obtaining financing with hopes of opening the restaurant in early summer 2017, which was a little over 2 months away.
Bill Bouchard of Poland has 20 years experience in the HVAC industry. After years as a technician, supervisor and project manager with the largest HVAC service company in Southern Maine, Bouchard wanted to start his own business. While he had all the necessary licensing and experience, he needed assistance in getting his business started and turned to Larry Giroux, a certified business advisor with the Maine SBDC at AVCOG in Auburn.
Since 2005, Custom Composite Technologies, Inc. (CCTI) has been developing lightweight, durable carbon fiber and fiberglass solutions for its customers around the world. A pioneer in advance composite technology and application, the company creates customized, high-performance solutions for industries and individuals with unique challenges. Their innovative techniques and advance composite materials are fabricated from their… Read more »
Michael Brasslett, owner of Quality Saw & Supply in West Enfield, was sent to Business Advisor Tom Gallant by his banker in 2008. Specializing in the repair of saw blades and catering to Maine, New Hampshire and Vermont, Quality Saw was struggling financially – sawmills were closings, sales were down, business was slow, debts were mounting… Read more »
Amy Rowbottom has had her share of ups and downs as a business owner. She first opened Crooked Face Creamery located in Norridgewock in 2012 making specialty whole milk cheese with milk from the farm that she grew up on. But even the best written business plan can prepare us for some of life’s challenges…. Read more »