Small Business Stories Behind the Accolades
Small Business Loans
Awards in business always attract attention, but often more interesting are the compelling stories behind the trophies, tales of growth and job creation propelled by infusions of capital.
Four entrepreneurial clients of FE Small Business Finance recently received awards from the Small Business Administration’s San Diego district, all in recognition of their success, including how they used financing to leverage expansion.
Neyenesch Printers, a San Diego-based commercial printing company family-owned and operated since 1899, used an SBA 504 loan to buy a building to accommodate the company’s growth. With the move, owner Kandy Neyenesch was able to create 20 new jobs to add to the 120 people already employed. Neyenesch won SBA’s Family-Owned Small Business of the Year award.
Interpreters Unlimited, which has been providing multilingual solutions to businesses and government agencies for over 40 years, was awarded the Minority-Owned Small Business of the Year. The company needed more space in 2008 so owner Sayed Ali secured an SBA 504 loan to purchase a larger building, which allowed the entrepreneur to grow the business and increase his staff by 25%.
Southwest Boulder & Stone, owned by Michelle McLeod, won Woman-Owned Small Business of the Year. Women-owned businesses are gaining traction and Michelle is a prime example of an entrepreneur who leverages capital to expand. She used SBA 504 financing to buy a site for her company’s sixth retail outlet. She employs 120 people and with anticipated growth, plans to create 10 new jobs.
Rough Draft Brewing Company was awarded the Small Business Exporter of the Year. After experimenting for years in his garage, owner Jeff Silver launched Rough Draft in 2011. With his financing, Jeff built a tasting room and bought new brewing equipment. Demand for his beers has now pushed beyond domestic distribution into international markets.
Congratulations to all these small business award winners. Their hard work, focus and determination put them on a path to greater success, evidenced by these well-deserved SBA awards.
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