{"id":309,"date":"2019-05-30T20:57:13","date_gmt":"2019-05-30T20:57:13","guid":{"rendered":"\/blog\/?p=309"},"modified":"2019-06-06T18:20:10","modified_gmt":"2019-06-06T18:20:10","slug":"small-businesses-grow-thrive-with-sound-financing","status":"publish","type":"post","link":"https:\/\/www.44businesscapital.com\/blog\/2019\/05\/small-businesses-grow-thrive-with-sound-financing\/","title":{"rendered":"Small Businesses Grow & Thrive with Sound Financing"},"content":{"rendered":"\n
\"\"<\/a>
Michael Hahn, First Vice President, SBA Lending, recently spoke at a ceremony honoring American Wood Design owners Jo Ann and Michael Gilhool, Sr. <\/em><\/figcaption><\/figure>\n\n\n\n

Sometimes it just makes sense to pause and celebrate our small business clients. Less than two years after the Gilhool family moved their business from Delaware to Pennsylvania, Mike Hahn, First Vice President, SBA Lending, spoke at a ceremony honoring American Wood Design owners Jo Ann and Michael Gilhool, Sr. Their cabinetry business was named “Family-Owned Small Business of the Year” by the U.S. Small Business Administration for Eastern Pennsylvania. Financing for the project came from an SBA-guaranteed loan by 44 Business Capital and an SBA Express Line Credit, while the city approved a $250,000 Enterprise Loan for machinery and equipment.<\/p>\n\n\n\n

\"\"<\/a>
Michael and Jo Ann Gilhool, owners of American Wood Design in Chester, PA. were recently named the Family-Owned Small Business of the Year by the Small Business Administration for Eastern Pennsylvania. <\/em><\/figcaption><\/figure>\n\n\n\n

With financing from 44 Business Capital, American\nWood Design relocated to the Chester City, PA from Claymont, Delaware. The\ncommercial cabinetry business, founded by Michael Gilhool Sr. in 1996, has\nroughly tripled its square footage, employee size and top line numbers since\nrelocating to the 200 block of Fulton Street over the spring and summer of\n2017.<\/p>\n\n\n\n

The firm topped out at 10 employees during\ntheir stay in Claymont. They’ve now grown to 28 in Chester. Square footage went\nfrom 5,200 in Claymont to 16,500 in Chester. Revenue has grown from $1.8\nmillion to $3.8 million.<\/p>\n\n\n\n

Hahn said the award \u201ccame as no surprise.\u201d Having seen the business work through the legal process of transferring between states, arranging financing, renovating the Chester site and working in both locations before the move to Chester was complete, Hahn said \u201ca lesser group of people may have backed out.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Sometimes it just makes sense to pause and celebrate our small business clients. Less than two years after the Gilhool family moved their business from Delaware to Pennsylvania, Mike Hahn, First Vice President, SBA Lending, spoke at a ceremony honoring … Read More »<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-309","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nSmall Businesses Grow & Thrive with Sound Financing - 44 Business Capital Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.44businesscapital.com\/blog\/2019\/05\/small-businesses-grow-thrive-with-sound-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small Businesses Grow & Thrive with Sound Financing - 44 Business Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Sometimes it just makes sense to pause and celebrate our small business clients. 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