SBA Lending activity Featured

10:02am EDT July 22, 2002

After being in the same office for eight years, Jack Conie and his employees were starting to get a bit cramped. When people began sharing office space, he knew it was time to move to a larger building.

Conie, CEO of Environmental Pipeliners, sought a U.S. Small Business Administration-backed loan of $900,000 to buy a building about 10,000 square feet larger.

The Dublin-based company has increased its revenues from about $600,000 when it was founded in 1990, to about $5 million in 1998. Along with financial growth came more employees, from about five at the company's start to about 35 this year. Conie says the company was losing business because it was outgrowing the building and didn't have the ability to warehouse material or equipment.

"In a way, it sort of stagnated our growth," he says.

Conie worked through Bank One to get the loan, and the paperwork was approved immediately. Then Columbus Countywide Development Corp., an agency that helps business owners obtain SBA loans, needed to give its approval. That process took about six months, Conie says.

The loan for the office-warehouse building on Eiterman Road now occupied by Conie's company will let him start putting money back into the business so it can grow. Environmental Pipeliners uses technology such as robotics and televisions to find pipe defects and make repairs without excavating.

"(The loan) enables us to maintain current growth without dipping in the cash flow for more expenses," he says.

Conie also says the people at the Columbus Countywide Development Corp. were excellent to work with in securing the loan.

"All I could envision is the bureaucratic red tape that you envision with that kind of program," Conie says. "They were easy to work with and very prompt."

SBA lending activity in Central Ohio

Listings include: Company, city and net loan amount.

Ron's Express Carwash & Lube Inc., Columbus, $1,050,000

Environmental Pipeliners, Amlin, $900,000

Adrian-Poirier Chiropractic Inc., Columbus, $890,000

Results Engineering, Westerville, $725,000

Northwest Animal Hospital, Columbus, $555,000

Bordner & Associates Inc., Gahanna, $544,000

Go Express Inc., Westerville, $460,000

Law General Contracting Inc., St. Louisville, $448,000

Checkered Flag Express Lube, Marysville, $350,000

Starting Point Daycare Center, Columbus, $348,000

Lexon Corp., Columbus, $227,700

Saia & Piatt PLL, Columbus, $185,000

Sunscapes, Columbus, $152,000

Gahanna Sunoco, Gahanna, $145,300

The Columbus Post/Empower Publishing, Columbus, $125,000

Source: U.S. Small Business Administration Columbus District Office