Success Stories

After many years of working at Williams County Abstract Company - a locally-owned, full-service title company that has been serving Williams County, North Dakota for over 110 years - Lisa Engel knew that this was a company she would one day love to own and operate. So in 2015, when the owner announced his retirement, Lisa and her family jumped at the opportunity to take over the business. Three short years later, Lisa was approached with the chance to purchase the building. She only had one minor setback - she didn't have the financing necessary to make the purchase.

"My hope was to continue to build the business into more and continue giving peace of mind to the families who are making Williston their home," Lisa explained. "Owning the building was the next step into continuing that legacy."

Lisa learned about the SBA 504 loan - a loan program that requires a lower down payment and offers fixed, below market interest rates with longer loan terms - from a friend. She... Read More

In 2011, Michelle Roeder and her sister, DeeAnn Bilben, wanted to purchase a lollipop factory.

"We have a strong Community Development Committee in Hankinson and they went out looking for businesses that were for sale that might fit in Hankinson and this was one of those businesses," said Roeder. "My dad heard about this over coffee and asked my sister and I if we would be interested in purchasing it!"

An SBA-guaranteed loan from Lincoln State Bank helped Roeder and Bilben purchase the lollipop factory and then move the operation from the Minneapolis, Minnesota area to their hometown of Hankinson, North Dakota, a community of about 900 people. For the past eight years, Heartland Candies' seven employees have been manufacturing both blank and custom imprinted pops as well as selling bulk candies that other businesses use for promotional giveaways.

Don't let their location and small size fool you! They produce and ship hundreds of thousands of customized... Read More

Quik-Solv Cleaning Service, Inc. of Bismarck, North Dakota is a janitorial firm that was started in 1995 by Troy Ybarra's mother. In 1998, Troy joined the company as a partner and then purchased his mother's share in 2007.

Quik-Solv held the Federal Aviation Administration (FAA) janitorial contract at the Bismarck Airport for many years. When Ybarra learned that the FAA was planning on moving the janitorial contract to the SBA 8(a) Business Development Program, he knew that it was time to apply for 8(a) certification.

The federal government must set aside 23 percent of its prime contracts for small businesses; this includes 5 percent for small disadvantaged businesses. The SBA's 8(a) Business Development Program, for socially and economically disadvantaged entrepreneurs, limits competition for certain contracts to businesses that participate in the 8(a) program.

Ybarra contacted Dave Kleppe with the North Dakota Procurement Technical Assistance Center (ND PTAC... Read More

Founded in 2010 by Angela Skogen, Cooks on Main is a specialty kitchen store located on Main Street in Williston, North Dakota. It markets itself as the culinary destination for the region, offering something for everybody from the seasoned chef to the novice beginner.

Originally, Cooks on Main had 2,450 squre footage of main floor retail space which included a kitchen for the cooking classes. The business was soon overflowing with product crammed into the limited space, forcing Skogen to turn away people who wanted to take cooking classes.

With an SBA 504 loan from Lewis & Clark Development Group, Skogen was able to purchase the building next door, renovate both buildings, purchase equipment, and refinance a portion of existing debt on the project. The SBA 504 loan also allowed Cooks on Main to expand its full- and part-time staff and add a full culinary center.

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