Success Story: Cass Plumbing
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 used to acquire the business and gain working capital.