2017 Hurricane Recovery: Get information about disaster assistance, or find out how you can help.
LEARN MORE Close

Export Business in Houston Achieves Global Goals with SBA Help

Axistrade, Inc. Staff

Axistrade, Inc. located in Houston, Texas is an export sourcing service to industries both domestic and overseas in need of material procurement and logistical support for maintenance, repair and operations.  The company formed in 2001 and has grown to more than 30 employees in 15 years. “It was a one man show for the first four years, and I wore every hat from Warehouse Manager to Owner,” said Sadik Dalal, President and Owner. Working long hours and doing a lot of research in growing a small business, Sadik was able to secure financial assistance through the U.S. Small Business Administration (SBA) Export Working Capital Program (EWCP) which broadened opportunities and increased domestic and international sales.

 

Sadik is a graduate of Baylor University with BS and MBA degrees, and following graduation he has gained a great deal of technical experience from the corporate and financial industries. After he lost his job due to layoffs at one of the large energy trading firms, he applied his education and skills in starting his own business. Going it alone for nearly four years, Sadik realized he needed skilled professionals to join him. He needed working capital, “It was difficult at first, and with lenders rejecting me, and order fulfillment growing rapidly, I needed help in finding financial assistance,” stated Sadik.  While working for a financial lending service, he discovered firsthand several programs that help startups. He knew he would need help, so he received assistance by contacting the University of Houston Bauer College Small Business Development Center (UH-SBDC). The UH-SBDC together with Comerica Bank and the SBA Export Regional Manager Reginald Harley, helped Sadik and Axistrade receive a total of 5 EWCP loans since 2002.

 

“I have seen the company grow quickly as I received loans under the SBA EWCP. In 2005, I was able to hire employees to staff sales and warehouse personnel,” he added. He turned to the SBA for support on the lending process and connecting to the right lender who could support his exporting endeavor. To date, Sadik has paid off four loans totaling $1.8 million and has continued to sustain growth in export which makes up more than 30% of his sales. “Once I overcame the financing obstacles, I began to realize that I could not only achieve my goals but also continue to grow the business,” Sadik said.  In 2017, he expects to triple his income as new business orders have continued to increase year-after-year. His business is thriving, and is bringing jobs and support to his community. “Our employees donate and support local charities and each year our entire company collects toys to donate to Texas Children’s Hospital,” he said.

 

Axistrade is lauded as one of the best new small businesses in the nation as noted by the numerous commerce awards they have collected over the years specifically a Presidential Award for Export Achievements in 2012 and most recently the 2016 “E” Star Award for sustained export growth for more than four years. Small businesses like Axistrade, Inc. are taking advantage of opportunities created by free trade agreements which are helping many Houston small businesses do even more.

 

For more information visit their website at: http://www.axistradeinc.com

For more information visit the SBA website at: https://www.sba.gov/offices/district/tx/houston

Company Name: 
Axistrade, Inc.
Location: 
Houston, Texas