Success Stories

A+ Childcare and Learning Center, a New Home for Early Childhood Education

Annette Doughty started her day care center six years ago with the help of an SBA loan. She has a bachelor's degree in education, and said she had long wanted to open a quality daycare/learning center.

Doughty's business provides not only daycare but after-school care. Her business is educational based and is a certified Head Start facility. It also is certified for the ChildCare Assistant Program for Union County.

Doughty works in partnership with Columbus State Community College and uses its student teachers as interns. She currently has 80 students and 13 staff members.

Her advice for someone going into business: "Take your time, do research, and find a good lawyer, accountant and banker who are familiar with your line of business."

She said being a business owner affects all aspects of her life. Her husband also works full-time in the business, and while the work has financially improved their lifestyles, it requires a lot of... Read More

Two Optometrists under One Roof

In 1985, upon completion of his degree from The Ohio State University Optometry College, Kenneth Boltz D.O. opened his own optometry practice. In 1995, fellow optometrist Michael Rengert joined the practice.

Boltz specializes in pediatric optometry, while Rengert concentrates more on geriatric optometry.

In 2000, with the help of an SBA 504 loan, the doctors were able to purchase a building in Dublin, Ohio. They currently employ 10 full-time or part-time staff.

Boltz said flexible hours that allow him to schedule around important family events are among the benefits of being a business owner. He added that customer service is a key to success.

"This article and the accompanying photograph do not constitute or imply an endorsement by SBA of any opinions, products or services of any private individual or entity."
 

Small Business Owner Receives SBA Loan to Purchase Equipment

The SBA provided Conveyor Metal Works with the capital to purchase the equipment required to help manufacture its products. The company, started in 2000 by Scott Wolfe, makes a full line of gravity roller conveyors, powered roller conveyors, and powered belt conveyors.

With SBA assistance, the company has expanded its product offering and has established a steady growth pattern. Conveyor Metal Works employs 20 people.

Wolfe said anyone thinking about starting a business should, "Always plan for the worst" and look at tomorrow instead of today".

"This article and the accompanying photograph do not constitute or imply an endorsement by SBA of any opinions, products or services of any private individual or entity."

 

Small Business Owner Receives SBA Loan for Working Capital

PeakEnergy LLC was started by Steve Elsea in May 2000 to help utility companies and other energy providers use existing generators at private businesses during peak demand periods.

This business benefits utility companies that would have had to either build more generation and transmission capacity or pay a higher price for additional energy during peak demand periods. It also benefits the owners of the backup generators because they receive a credit for the usage of their generators.

Elsea has spent his entire 27 year career working in or with the electric utility industry. He was able to start his business with the help of a grant from American Public Power Association and an SBA guaranteed working capital loan.

The SBA loan was used to develop the proprietary Internet-based software and to purchase the initial hardware that interfaces with the generators. This hardware-software combination comprises the system which enables energy service... Read More

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