Tucked away in the hills of Parkersburg West Virginia, Rolling Ridge Woods exports logs and lumber from the heart of the Appalachian region to countries all over the world.
Eugene Walters, the General Manager, credits the Small Business Administration’s (SBA) Export Working Capital Program for keeping the company in business when the economy was in a recession. “We are deeply tied to the housing market and when the housing market took a hit, business was tough for a few years,” Walters said.
Although a forester by trade, Walters’ business sense is second to none. While attending a West Virginia Development Office meeting, Walters had a casual conversation with Leslie Drake from the US Export Assistance Center that may have saved the company.
Drake recommended the SBA Export Working Capital Program to help Walters shorten the payment cycle between the delivery of the goods and the payment for the product. “Because of the Export Working Capital Program, we have... Read More