SBDC Success Stories
South Central Iowa SBDC Assists Owner with Purchase of Paper Distribution Company
Pat Loudon was in search of a business opportunity in early 2008 when he initiated discussion about the acquisition of BM Sales, a privately owned paper distribution business. Loudon had lost his job after the closing of his former employer, Wausau Homes of Corning.
Ironically, when Loudon headed to meet with Dave McLaren at the South Central Iowa SBDC office in Creston about becoming a small business owner, he had no idea that the previous owner would also be contacting McLaren regarding his potential sale.
The owner was interested in selling and Loudon was interested in purchasing, but neither party felt qualified to name the purchase price. In the end, following confidential individual meetings with each party and a joint meeting to make everyone aware of the others' intentions, McLaren was able to act as mediator between the two parties who soon entered into a purchase agreement.
Husband and Wife Team Growing The Carpet Store in Southwest Iowa
Six years ago when Matt Riley got laid off from his position as a sheet metal worker he had no idea what was next. For the next year Matt worked in Omaha, commuting from Ogden, an almost 150-mile, one-way commute. He also completed a number of successful real estate ventures, which led to the development of a real estate holding company. It wasn't until 2007, however, when Matt really found out what was next.
Matt was doing some work on a rental house he owned in Massena. An employee ran to The Carpet Store in Corning for supplies. The owner of The Carpet Store at that time took Matt's information off of the truck the employee was driving. Later, the owner called and asked Matt if he would have any interest in purchasing the business, which included the Corning store and a warehouse.
Couple Opens Chiropractic Office in Creston Following College Graduation
College graduation + marriage + relocation + opening a small business = SUCCESS!
Now just imagine completing all those tasks in a little more than four months. That's just what Drs. Gabe and Linda Carroll did during 2009.
In January 2009, Gabe and Linda were both nearing the end of their schooling at Palmer College of Chiropractic in Davenport. They started discussing where they might live and gain employment following college graduation. Gabe, who is originally from Creston, said after looking into employment possibilities, such as working with other doctors or taking over a practice, they just couldn't find a good fit. At that point, they decided to move to Creston and began looking at the possibility of opening their own business.