Philadelphia Firm’s President Angelo Perryman, Builds Success with Help from SBA programs

Perryman Building and Construction Services, Inc. is the product of perseverance, cultivation, development, and love of the industry. Second-generation owner and firm President Angelo R. Perryman's journey into entrepreneurship is the result of more than 35 years’ experience in the construction industry, starting as a laborer, including experience with two "Top 15" international construction firms.

Perryman reestablished the family's construction business as a foundation to lay roots for future generations and to preserve the original family business philosophy of his father, founder Jimmie Lee Perryman, Sr. With more than 1,000 completed projects, Perryman Construction self-performs project planning, management and construction projects for historic restoration and parks, commercial, retail, hospitals, pharmaceutical companies, and the hospitality industry for clients including the Democratic Host Committee, U.S. General Services Administration, U.S. Department of Navy, Wal-Mart and Wachovia/Wells Fargo Bank.

Active in civic and community organizations including small business advocacy forums, Perryman serves as a member on the Board of Directors for the Greater Philadelphia Chamber of Commerce, and the firm has also given back to the community in various ways. Its donation to the United Negro College Fund in support of the Bessie I. Perryman Construction Education Scholarship empowers disadvantaged youth who reside in either Philadelphia, PA or in the state of Alabama pursuing a degree in Mechanical Engineering, Civil Engineering, Construction Management, and/or Finance. The principle of the scholarship is based on community, education, clear vision, and mentorship all of which are the basis of the original business philosophy created in 1954. The firm also participates in other philanthropic organizations with company efforts supporting the Philadelphia Veterans Comfort House, Philabundance, and Toys for Tots.

“I’m excited to celebrate Angelo’s achievements and the support he received from the U.S. Small Business Administration to make his entrepreneurial dream a reality,” said SBA Mid-Atlantic Regional Administrator Michelle Christian. “He has taken his dedication and hard work, backed by SBA programs, partners and lenders to grow from a staff of two carpenters to creating more than 1,000 jobs over the last 10 years.”

“It’s great to have the privilege to recognize the achievements of Pennsylvania small business leaders like Angelo Perryman,” said Antonio (Tony) Leta, U.S. SBA Eastern Pennsylvania Director. “Small businesses like Perryman Building and Construction are the engines that drive our nation’s economy. SBA is proud of the role our contracting and surety bond programs, as well as our lending programs through our lending partners, play in helping them succeed.”

Regional Administrator Christian and Eastern Pennsylvania Director Antonio (Tony) Leta officially visited the firm to recognize Perryman as Eastern Pennsylvania’s 2018 Small Business Person of the Year on May 4.

“I’m honored to be named as the Eastern Pennsylvania Small Business Person of the Year by the U.S. Small Business Administration. SBA’s lending, surety bond and 8(a) programs have had a very positive impact on the success and growth of my business,” Perryman said.

Like many new firms, the first obstacle Perryman faced when reestablishing the firm in 1998 was gaining access to capital. Facing difficulty in obtaining financing through normal lending channels, the company sought the assistance of SBA’s 7(a) loan program and in 1999 a line of credit was secured through a local bank. In 2009, Perryman Building and Construction Services, Inc. became a graduate of the U.S. Small Business Administration's 8(a) Business Development program.

The business has overcome those stumbling blocks in access to capital and bonding, as well as emerging from a small business to a medium-sized business. Perryman tackles difficulties as opportunities to improve and the firm has grown to become one of the fastest-growing firms headquartered in the Philadelphia region. The firm was also recognized as the 2008 Department of Commerce’s Minority Business Development Agency Construction Firm of the Year and the 2017 Ernst & Young Entrepreneur of the Year. From the firm’s earliest days with a staff of two carpenters, the firm has seen significant growth, moving from its 2,000 sq. ft. home office into a 5,000 sq. ft. space to accommodate 18 staff and construction professionals. The firm now has more than 100+ subcontractors and has created over 1,000 jobs in the last 10 years.

Through its 7(a) loan program, SBA makes it easier for small businesses to access capital by working with lenders to provide loans to small businesses. While the agency doesn’t lend money directly to small business owners, SBA guarantees a portion of a loan made and administered by commercial lending institutions. SBA’s guarantee reduces risk for lenders, enabling a small business to get a loan it might not be able to through standard lending.

SBA’s Surety Bond Program helps small businesses win contracts by providing the customer with a guarantee that the work will be completed. Many public and private contracts require surety bonds, which are offered by surety companies. SBA guarantees surety bonds for certain surety companies, which allows the companies to offer surety bonds to small businesses that might not meet the criteria for other sureties.

SBA’s 8(a) Business Development Program helps small businesses that are at least 51% owned and controlled by socially and economically disadvantaged individuals compete in the American economy and access the federal market. The program helps thousands of aspiring entrepreneurs to gain a foothold in government contracting. Participation in the 8(a) program is divided into two phases over nine years: a four-year developmental stage and a five-year transition stage. The program is structured to help 8(a) firms build their competitive and institutional know-how while encouraging them to participate in competitive acquisitions. The program gives firms the ability to receive sole-source contracts, up to a ceiling of $4 million for goods and services and $7.0 million for manufacturing.

SBA’s Eastern Pennsylvania 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.

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Company Name: 
Perryman Building and Construction Services, Inc.
Location: 
Philadelphia, PA