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Success Stories

Tacoma Security Company Grows into Multi-million Dollar Company with SBA Certification

Founded in 2003 by Owner/CEO Cy Oatridge in Tacoma, WA, Oatridge Security Group (OSG) provides protective armed and unarmed security staff and a wide range of security services to government and commercial entities. To keep costs down and avoid taking on debt, from 2003 to 2017 the business operated out of an office space of about 250 square feet where the three members of upper management directed work. During that time, OSG was profitable and increased employee count each year. Although OSG saw steady increases to profitability and staff each year since opening in 2003, by 2010 they were generating less than $1 million in annual revenue. Oatridge knew he wanted to grow the business by competing for government contracts and he needed a way to get his foot in the door.

Solution

In 2010 OSG enrolled in the SBA 8(a) Business Development Program, a nine-year government... Read More

Seattle Digital Stationery Company Owner Wins SBA Honors and Keeps Business Going with a PPP Loan 

Founded in 2008 out of Sam Franklin’s college dorm room at Washington University, Greenvelope.com is a paperless stationery company that offers custom animated digital wedding invitations, birthday cards, holiday cards and all types of event invitations. Franklin initially funded his startup costs by delivering pizzas and pressure-washing driveways in his community. He steadily grew his company by one to two new staff each year. Over time, he became weary of the impact rising commercial lease costs could have on his financial bottom-line. Franklin determined that he wanted to purchase an office space. Because his business was still new and operating in a relatively new industry, traditional business loans were not the right fit for Greenvelope.com.

Solution

Franklin applied for an SBA 504 Guaranteed Loan from Evergreen Business Capital, a specialized type... Read More

Bellevue Food Exporter Uses SBA Assistance to Grow Into New Markets and PPP Loan Keeps Business Going

Founded in 1975, Pacific Valley Foods distributes U.S. foods to international restaurants and grocery stores. What started as a small husband-and-wife operation with co-founders Scott and Lynn Hannah filling orders for frozen food out of their home basement has grown into a sophisticated multimillion-dollar U.S. food distribution company with offices in China, Japan, Europe and New Zealand.

Today their children John and Susan Hannah manage the business as president and senior vice president. They employ a staff of 11 and contribute significantly to supporting local agribusiness through the sale of foods produced by U.S.-based farmers and food processors.

Although Pacific Valley Foods had already achieved significant success in exporting with distribution deals in Japan, China, Australia and Europe, they were having difficulties breaking into the... Read More

Ellensburg Cidery Grows with Business Guidance

When Susie Jensen retired from being an art teacher, she knew she wasn’t quite ready for quiet retirement life. Through her travels she discovered a love for full-bodied dry hard cider and decided she wanted to produce her own cider. Founded in 2017 in Ellensburg, WA, Wheel Line Cider is dedicated to the craft of reviving and pressing heirloom bittersweet apples. Shortly after launching her business, Jensen participated and received encouraging feedback from judges in the Kittitas and Yakima County Enterprise Challenge Business Plan Competition. She also recognized the need for a business plan and setting goals.

Solution

Jensen sought out business expertise from SBA Resource Partner SCORE Mentors for startup guidance, and then began meeting regularly with Washington Small Business Development Center (SBDC) Adviser Sarah Truglio.

Impact

Thanks to Truglio’s consistent advising, Jensen has... Read More

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