William Painter

 

 

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“Our SBDC advisor has helped us get a far better understanding of our financial performance and prepare for our
next successful investment round. With this capital, we will be launching a new product and continuing to move
William Painter towards a world class brand.”

– Matthew Decelles, CEO

 

Economic Impact:

Areas of Assistance:

  • Capital Infusion: $2.5M

  • Obtained Financing

  • Owner Investment: $100,000

  • Profit Analysis

  • Sales Increase: $2.1M

  • Introductions to Lenders

  • Financial Modeling

Description of Business:

Despite getting off to a very fast start in a fiercely competitive market, William Painter, Inc. hit a major financing roadblock that was making further growth extremely difficult. Without outside capital, the company’s significant progress would have been stopped in its tracks. With various assistance from the SBDC including detailed financial modeling and analysis, the company has raised a total of $2.6M from angel investors, private equity, and bank loans. William Painter (www.WilliamPainter.com) is an E-commerce company that manufactures and sells a self-branded line of upscale sunglasses throughout the world. Their products have been featured in Esquire, Cosmopolitan, Maxim and Us Magazine.

Use of Capital Infusion Funds:

The company utilized its funding to expand its product line and launch global marketing campaigns to fuel their expansion.

Location:

San Diego, CA 92109

Bear’s Cave

 

 

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Economic Impact:

Areas of Assistance:

  • Capital Infusion: $90,000

  • Obtained Financing

  • Owner Investment: $40,000

  • Financial Modeling

  • New Business Start

  • Business Plan

  • Jobs Created: 3

Description of Business:

Former Navy Seal Scott Keough was looking to start a new chapter in his life by opening a fitness and training center geared toward children.
Though he was no stranger to stressful and challenging situations, Scott was new to the world of business and he turned to the SBDC for help in putting his plan into action. Working with his SBDC advisor, a fleshed-out business plan was created in addition to a detailed financial plan which ultimately culminated in the funding Scott needed to launch the business. Mission accomplished!

Use of Capital Infusion Funds:

The financing was utilized for the build-out construction costs, startup costs, and working capital.

Location:

Imperial Beach, CA 91932

Soichi Sushi

 

 

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“The SBDC advisors helped us immensely to secure a loan to get our restaurant started. They made our dream a reality!”

– Raechel Kadoya, Co-Founder

Economic Impact:

Areas of Assistance:

  • Capital Infusion: $475,000

  • Obtained Financing

  • Owner Investment: $75,000

  • Financial Projections

  • New Business Start

  • Business Plan

  • Jobs Created: 4

  • Marketing Strategy

Description of Business:

A highly respected fixture in San Diego’s sushi scene with 25 years of training in Japanese cuisine, Chef Soichi Kadoya and his wife Raechel were
ready to branch out and start their own restaurant. But to make their dream come true, the couple needed to put together nearly half a million dollars in financing. They reached out to the SBDC for help, and after successfully working through a business plan, financial projections, and loan applications, Chef Soichi and Raechel emerged with nearly $500,000 in capital and Soichi Sushi was born (www.SoichiSushi.com).

Use of Capital Infusion Funds:

The financing was utilized for the build-out, new equipment, and working capital.

Location:

San Diego, CA 92116

Cass Plumbing

 

 

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“I was presented with the opportunity to acquire the company where I have been an employee of over 19 years.
The SBDC helped me throughout the financing process from start to finish including putting together a business
plan and making connections to lenders, which resulted in obtaining the working capital I needed to make the
acquisition possible.”


– James Mundy, President

Economic Impact:

Areas of Assistance:

  • Capital Infusion: $450,000

  • Obtained Financing

  • Acquired Business

  • Financial Projections

  • Business Plan

Description of Business:

Established in San Diego in 1948, Cass Plumbing (www.CassPlumbing.com) is one of the oldest plumbing contractors in Southern California. When the previous
owner of the business mentioned that he would like to retire, long-time employee Jeremy Mundy jumped at the chance to buy the business and reached out to the
SBDC to help make it happen. Through a number of sessions with his SBDC advisor, not only did Jeremy finalize the purchase of the company, but he also secured the capital to support the purchase including a $100,000 loan for working capital.

Use of Capital Infusion Funds:

The financing was utilized to acquire the business and working capital.

Location:

San Diego, CA 92116

Waitz

Waitz

 

 

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“The SBDC consulting team has become our trusted ‘go to’ resource for just about everything from strategic guidance to Go To Market strategy to funding advice. To top it off, they’ve made powerful connections to their vast networks that has brought us new customers and important industry connections. We wouldn’t be where we are today without them.”

– Nic Halverson, Waitz Founder/CEO

Client Impact:

Areas of Assistance:

  • Capital Infusion: $250,000
    Equity/Angel Investment

  • Negotiation Strategy/Analysis

  • Sales Increase: $37,000

  • Strategic Planning

 

  • Jobs Created: 1.5

  • Connections/Introductions

Summary:

Launched in 2017 by recent engineering graduates of the University of California-San Diego, Waitz has developed cutting-edge “people counter” technology that utilizes Bluetooth and WiFi signal scanning to measure real-time and predicted foot traffic activity in campus environments such as college and corporate campuses.

Description of Business:

Led by founders Nic Halvorson and Max Topolsky, this dynamic young company has contracted within the University of California system to generate and deliver occupancy data with multiple applications of keen interest to any large campus including space management, emergency response, asset tracking and energy efficiency (www.ucsdwaitz.com).

Use of Capital Infusion Funds:

The company utilized its equity financing to hire new employees, relocate its offices, and fund further development of its technology.

Location:

San Diego, CA 92116

La Vista Memorial Park

La Vista Memorial Park

 

 

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Client Impact:

Areas of Assistance:

  • Capital Infusion: $2.3M

  • Obtained Financing

  • Strategic Planning

  • Financial Modeling & Analysis

Summary:

To understand its origin is to understand the origins of San Diego County itself. More than a century ago, the early settlers of Rancho De La Nacion (now known as National City) chose 30 acres on a peaceful hillside with a sweeping view from Otay to Point Loma as a place to bury loved ones. Today, many of San Diego’s pioneering families have scattered memorials amid wild flowers in the oldest part of the cemetery. The graves mark the history not only of National City, but of San Diego County as well.

Description of Business:

In operation since 1868, La Vista Memorial Park is one of the oldest businesses in Southern California (www.LaVistaMemorialPark.com).

Use of Capital Infusion Funds:

The company utilized its financing for land purchase, new construction, remodeling, and new equipment.

Location:

National City, CA 91950

Exodus Sober Living Home

Exodus Sober Living Home

 

 

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“The SBDC provided me with a number of resources including getting our financing, structuring the business, and guidance with our monthly business finances”

– James Brown, President

Client Impact:

Areas of Assistance:

  • Capital Infusion: $530,000

  • Obtained Financing

  • Owner Investment: $113,000

  • Financial Modeling

  • New Business Start

  • Business Plan

  • Jobs Created: 1

Description of Business:

Exodus Sober Living Home provides a safe alcohol and drug-free environment for men seeking recovery (https://www.facebook.com/ExodusSoberLivingHome/).

Their goal is to help develop the necessary life skills to become productive, self-sufficient members of society.

Use of Capital Infusion Funds:

The financing was utilized for remodeling costs of the property and working capital.

Location:

Lemon Grove, CA 91941

California Asphalt, Paving & Grading

California Asphalt, Paving & Grading

 

 

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Client Impact:

Areas of Assistance:

  • Capital Infusion: $107,000

  • Obtained Financing

  • Jobs Created: 5

  • Financial Projections

  • Business Plan

  • Strategic Planning

Summary:

Owner Christopher Vasquez prides himself on his company’s integrity, professionalism, and attention to detail that he believes is the key to their success.

Description of Business:

Spanning three generations, California Asphalt, Paving & Grading has worked on large projects for numerous municipalities throughout San Diego County.

Use of Capital Infusion Funds:

The financing was utilized to purchase new equipment that will allow the company to handle larger-scale projects.

Location:

Chula Vista, CA 91910

Cookies Con Amore

Cookies con Amore

 

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Client Impact:

Areas of Assistance:

  • Capital Infusion: $660,000

  • Obtained Financing

  • Owner Investment: $1.1M

  • Strategic Planning

  • Jobs Created: 10

  • Financial Modeling & Analysis

  • Credit Establishment

Summary:

Owners Fernanda and husband Angelo Capraro were childhood friends from the village of Sant Elia in the south of Italy. Aside from their hometown, they had something else in common: both had grandmothers who baked incredibly tasty cookies using recipes handed down for generations. Fernanda, the lead baker, and Angelo took their love for cookies to California and ultimately launched what has become one of the fastest growing independent cookie manufacturers in the United States. Though the company has grown exponentially over the years, all orders are still baked with meticulous care in small batches at the company’s 33,000 square foot bakery in San Marcos, CA.

Description of Business:

Since its inception in 2005, Cookies con Amore and its gourmet Italian treats have grown from a small startup into a significant $4M company that does business with Whole Foods, Sprouts and major grocery retailers throughout the U.S. (www.cookiesconamore.com).

Use of Capital Infusion Funds:

The company utilized an SBA-backed loan to finance its relocation to a 33,000 square foot production facility.

Location:

San Marcos, CA 92078

Correy Baker Heating and Air

Correy Baker Heating and Air

 

 

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“My SBDC advisor was extremely helpful in making the entire lending process smooth and seamless from start to finish. We finally have the capital we need to continue our growth.”

– Correy Baker, President

Client Impact:

Areas of Assistance:

  • Capital Infusion: $250,000

  • Obtained Financing

  • Financial Modeling

  • Business Plan

Description of Business:

Correy Baker Heating and Air is an HVAC contractor that has been providing residential and commercial service throughout the Inland Empire since 2010 (www.correybakerheatingandair.com).

Use of Capital Infusion Funds:

The financing was utilized for working capital and funding to expand the company’s operations.

Location:

Murietta, CA 92562