Success Story: Illinois
- Illinois Metro East SBDC at SIUE and East St. Louis
- SBDC Advisor: Patrick McKeehan (Center Director)
- Client: HB Coatings, LLC – SBDC client since June, 2015
“The SBDC quickly helped us fine-tune our business plan, made introductions to potential lenders, connected us with a legal advisor and prepared our team for becoming operational as soon as humanly possible. It was – and still is – an extremely fast-paced, rewarding process.” – Ashley Hunsaker, Chairwoman and Co-Owner, HB Coatings, LLC
Impact of Working with the Metro East SBDC:
- Utilized SBA programs to secure $1.205 million in asset funding along with a $200,000 working line of credit through Midwest Regional Bank
- HB Coatings is conservatively projecting revenues to surpass $4 million, with up to eight employees in the first 12 months
Read the whole story, and learn more about the Illinois Metro East SBDC and HB Coatings, LLC.