Real stories, real success. Learn how business owners have solved some of their most pressing challenges with solutions developed by West Town Bank & Trust.
EDYOPP PROPERTIES
Reduced Monthly Costs with Real Estate Purchase
To increase their company assets and reduce costs, Everett “Doug” Yopp of EdYopp Properties was interested in purchasing the building where his company had office space. An SBA 7(a) loan gave EDYopp Properties the capital it needed to invest early in a property poised to grow with real estate values increasing in the area. The 25-year term aspect of the loan available through the 7(a) Program resulted in a low monthly payment and conservation of cash flow for the business.
BIOMASS POWER PLANT
Powerful Financing for Renewable Energy Development
Developers Constructed a Clean Energy Biomass Power Plant Using $34 Million in USDA Business Loans. This North Carolina-based facility turns poultry biomass into power to provide clean energy derived from an underutilized waste by-product. A $34 Million financing solution supplied the company with the funds to construct its facility and become one of a select few approved plants for the state of North Carolina.
Cardinal Foods
Capital Leveraged to Scale Facilities and Grow Market Share
Cardinal Foods had an opportunity to grow its client portfolio with local farms and businesses if it could scale its processing capacity. Additionally, more businesses would be able to keep more of their operations in-state, solving logistical inefficiencies in the region that impacted numerous Southeastern grocery stores. The company leveraged a $17+ million USDA Business & Industry (B&I) Loan to add a significant amount of equipment to their facility, expand their building footprint, and improve the efficiency of the regional supply chain.