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SBA Lending Programs Help Veteran-Owned Netrepid’s Information Technology Business Flourish
Sam Coyl, president of Netrepid, recognized as Eastern Pa. 2014 Veteran Small Business Person Of Year
ENOLA, Pa. – Sam Coyl, president of Netrepid, founded the Enola, Pa., company in 2004 as a team with knowledge of professional services, wireless engineering and converged communication systems. Today the professional services company, which is focused on business-class IT solutions, has grown from two employees to 12 and seen improved gross profit levels, an improved asset base and the successful attraction of investors, loans and funding from Ben Franklin Technology partners and SBA-backed Patriot Express and 7(a) loans.
“Veteran business owners and entrepreneurs like Sam Coyl make vital and important contributions to business creation and growth in the American economy,” said Dave Dickson, U.S. SBA Philadelphia district director. “Active duty and reserve service often provides veterans with important skills and leadership abilities that are directly relevant to business ownership, and Sam Coyl’s success with Netrepid is a great example of that.”
Through the years, Netrepid has designed and built solutions for a large variety of industries including healthcare, finance, education, and government and recently expanded by opening a data center in Harrisburg.
“This region of Pennsylvania has some great opportunities for entrepreneurs to affect change and progress by putting technology to work, and this award validates that,” said Coyl. “I’d like to thank everyone that put in the hard work involved in nominating me for this honor, it was incredibly generous.”
Netrepid continues to evolve, offering cloud hosted services, colocation, data backup and infrastructure management solutions to mid-market and enterprise-level organizations and for colleagues in the IT services industry. The company also offers a partner program allowing them to leverage the Netrepid’s cloud for their own line of services.
Coyl recently won as eastern Pennsylvania’s SBA Veteran Small Business Person of the Year due to a nomination from Melissa N. McLaughlin, Director of Business Finance, Harrisburg Regional Chamber of Commerce & CREDC.
“It was an honor to nominate Sam for our region’s Veteran Small Business Person of the Year award,” said McLaughlin. “Sam demonstrates a determination, vision and leadership befitting not only his Marine Corps brotherhood, but which are required for all successful entrepreneurs.”
SBA mid-Atlantic Regional Administrator, Natalia Olson-Urtecho, and Philadelphia District Director, David Dickson, presented the 2014 Small Business Week awards with Philadelphia’s NBC10 anchor and consumer reporter Tracy Davidson at the annual “SBA Day at the Ballpark” event June 12. The awards ceremony and luncheon at the “XFINITY Live! Philadelphia” restaurant was followed by a Phillies baseball game at nearby Citizens Bank Park.
SBA’s Eastern Pennsylvania Veteran Small Business Person of the Year award winner is selected annually from among nominees located across Pennsylvania’s eastern 40 counties. These events are local observances of the annual Presidentially-designated National Small Business Week. National Small Business Week recognizes the small business community’s contribution to the American economy.