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Success Stories

 

Cheryl Silva began a day care business out of her home in 1993, caring for six children, as she saw firsthand the difficulties of systems where parents earn too much income for assistance but not enough to place children in affordable pre and after school programs.

 

Because of her love of caring for children, she and her husband decided that this was something they would spend their lives building. In 1995 Cheryl and Manny Silva opened their first day care center, Silva’s Youth of Today, in East Hartford, CT, with 35 children, caring for infants less than one year old to children up to age five.

 

In 1998 they opened a second location, adjacent to 801 Silver Lane, which allowed them to accommodate a total of 100 pre and after school children. In 2000 they expanded their first location at 775 Silver Lane so the total number of enrolled children increased to 161 children with 24 staff members.

 

In 2002 the Silvas were looking to... Read More

Recovery Loan Keeps Business Going

“If you hear, ‘No,’ just keep going until you hear, ‘Yes,’” June Gold says.

Gold followed her own tenacious advice as president of GraphLogic, Inc., a Branford, Conn., high-tech software and program developer.

She was turned down for a $500,000 loan by a bank after her husband and company co-founder, Steve, suddenly passed away in July 2008. She looked elsewhere, but bank rejection continued.

The problem? GraphLogic didn’t produce “a product you could drop on your foot,” she said. “We weren’t a widget-maker, so they just didn’t get it.” Gold and her husband started the company with an SBA loan years before.

Despite contracts from two large pharmaceutical companies, Gold couldn’t get a loan to help her company while waiting for insurance to pay off the original loan. Gold still needed money to hire skilled staff and continue marketing her products.

Then she chanced upon a workshop at Gateway Community College in New Haven, where... Read More

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