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Success Stories

Automotive Classics, Inc., ‘Home of the Honest Mechanic’ finds a Permanent Home with SBA 504 Financing

Automotive Classics Inc., a car repair and service business, can attest to the positive side of acquiring commercial real estate in a sputtering economy. Dave O’Connell , who started Automotive Classics Inc. in Fredericksburg, Virginia, was finally able to locate the right site, a home for his business through the Small Business Administration’s 504 Loan Program. The repair shop is located on half an acre at 175 Chatham Heights Road, Fredericksburg, Virginia.

Automotive Classic Inc. was started over 20 years ago with a focus on restoring classic cars and expanded to a repair service station. The business operated in many rental locations until O’Connell decided it was time to take the plunge into commercial real estate ownership and gain more control over his business. He located a promising ½ acre site.

For financing this new venture, O’Connell approached Rappahannock Economic Development Corporation (REDCO), a licensed non-profit, Certified Development Company that... Read More

RISE Shines

Richmond Indoor Sports Experience (“RISE”) shines as it experiences its fifth year of success as a world-class indoor sports facility. The 48,000 square feet facility features two playing arenas used for soccer, lacrosse and field hockey as well as a baseball academy on the 2nd floor. Located off Route 288, 2300 Oak Lake Blvd. in Midlothian, Virginia , RISE draws patrons from a variety of leagues, sports, cultures and geographic areas in the greater Richmond area and beyond.

Six years ago, four families of young athletes brainstormed about providing space to serve the soccer community especially during the winter season or bad weather. Soccer, field hockey and lacrosse athletes especially echoed their need for such a facility. These families ultimately decided that they would pursue creating such a facility in the Richmond area.

Neil Carns, a member of one of the families and President, stated “It couldn’t have been done without the SBA and Crater Development... Read More

RNB Technologies, Inc.’s Unique Credentials Benefit Military Defense Systems

RNB Technologies, Inc., an engineering services company based in Stafford, works to improve the accuracy of missile defense systems, such as the trajectory problems encountered with the Patriot missiles during the Gulf War/Desert Storm Conflict of 1991.

“Benefiting from the past enables our current military leaders to address current conflicts with more effectiveness and efficiency,” states Ron Oxendine Founder, RNB Technologies, Inc., a Native American, Veteran-owned, small disadvantaged business located in Stafford, Va.

RNB’s experienced and knowledgeable professionals evaluate and improve missile defense systems to support Joint Navy, Army, Air Force and Marine Corps Commands. Much of RNB’s work relates to integrating divergent software packages, which in simple terms, allows different programming languages to communicate.

“This work is of strategic importance to the defense of the nation,” Oxendine said. The military uses RNB’s staff of 88... Read More

VA BBQ: A big hit at the Central VA Franchise EXPO

When Beaverdam, Va., resident Rick Ivey began work as a dishwasher at 14, he had no idea he was beginning a path into the restaurant food and service industry that would lead to founding a chain of fast food barbeque restaurants with 11 locations already open and more than 43 more sites in development.

His franchise system, Virginia Barbeque, one of approximately 70 Virginia based franchises, is known for its authentic southern barbeque served with a focus on speed and value. The average order time takes less than five minutes and a family of four can eat for less than twenty dollars.

Critics are raving about Virginia Barbeque’s fare, declaring it “The best barbeque on the planet” (Walter Witt, WWBT-TV, the NBC affiliate in Richmond, VA. 2008), “The Region's Best Barbeque” (Richmond Magazine 2005), “4 of 4 star rating” & “Editors' Pick” (Washington Post City Guide 2007), “The best barbeque they ever had,” (North of the James Magazine 2006) and “Simply the... Read More