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SBA Resources Crucial for Business Growth
Shannon and Scott Clements started C&C Roofing, Inc., a woman-owned business in 2007. They provide on-site manufacturing of roof panels and rolling, and all of the flashing for projects is manufactured at their facility in Morganfield, KY. The company focuses on commercial and government work and is a frequent contractor at the Ft. Campbell Army Base in southern KY/northern TN.
Scott Clements is nationally renowned for his expertise in the roofing industry, and he is often called upon for his knowledge by other industry leaders. He first focuses on building trust and respect. “I’ve been in the business for 13 years prior to going out on my own, so the experience as well as the contacts I made in the industry prepared me well for not just commercial roofing work but also for government contracting opportunities,” said Scott, who understands the value of developing long-term relationships and a solid reputation. In fact, the company motto is “no laps, no leaks,” and they ensure that their work matches that motto.
Sue Gibbens, Executive Vice President in Henderson, KY for Community Ventures Corporation (CVC), a U. S. Small Business Administration lender and technical assistance provider, helped Scott and Shannon every step of the way as their business grew. Ms. Gibbens has provided free, confidential business advice through her regular consultations with the Clements through funding partially provided by SBA. That sound advice and preparation enabled the couple to obtain a $97,000 SBA 504 loan to purchase specialized equipment that can produce roof panels, gutters, soffit panels and roll forming on-site.
Scott stated that this specialized equipment purchased through the SBA 504 loan gives him the ability to perform projects that his competitors cannot do. “We’re able to transport our equipment to job sites and produce roof panels, flashing and gutters in lengths that others cannot. For instance, we recently did a job where we produced 240 foot long panels.”
Experts agree that industry experience is crucial for small business owners to be successful. However, like many small business owners, Scott and Shannon did not have experience dealing with the development of a business plan, which is necessary when seeking financing for a business loan. That’s why Sue Gibbens and the resources available through CVC were crucial. Scott stated, “It was a good experience. Sue made the process seamless and uncomplicated, and the paperwork was not overwhelming. She took care of all of the details for us,” helping them work through financing paperwork not just with SBA and the bank but also with the Union County Economic Development Foundation and the Green River Area Development District.
As the company continues to grow beyond its current nine employees, the Clements realize that they may soon need a larger facility. Shannon stated, “When we build a new facility, we plan to work again with Sue, CVC and the SBA.”
Learn more information on the loan programs, counseling services and other small business services offered by SBA from your lender, www.sba.gov and your local Small Business Development Center (SBDC), SCORE Chapter or Women’s Business Center.