Shirley was awesome. If it wasn’t for her, we wouldn’t have closed when we did. She knew what needed to be done and stayed on top of the deal for us. She was very helpful and kept our heads cool throughout the process. At the end of the day, we have nothing but great things to say about Shirley and Dogwood, and we’ve already introduced them to another entrepreneur looking to do a similar business.
Client Profile
ARCON Electric is an electrical contractor based in the Panhandle of Florida, specializing in both commercial and residential new construction projects, including retail, restaurants, storage facilities, design/build projects, and more. Based out of Fort Walton Beach, their service footprint extends out to Panama City and Pensacola. After 40 years in business, ARCON Electric offers a high level of industry expertise, with many of their employees having 30+ years of experience in the field. At ARCON Electric, customers can expect their projects to be completed on time, start to finish.
Loan Profile
Longtime friends and business owners, Chris and Jeremy decided to go into business together after working in private equity for several years. With backgrounds in corporate finance and M&A, as well as underwriting and working with a small business, they are well-poised to understand the unique challenges that come with acquiring and running a business, as well as what it takes to be successful. After researching their options extensively and searching for several months to find the right business, Chris and Jeremy decided to acquire the existing business of ARCON Electric. To secure the acquisition, Chris and Jeremy decided to pursue an SBA loan. After the initial bank they were working with backed out, Business Lending Specialist, Shirley Polanco, stepped in to help them get their deal across the finish line. Ultimately, the SBA Program provided the financing needed to acquire the business, as well as the working capital to help them through their initial growth stages.
For more information on the SBA Program and to get to know Business Lending Specialist, Shirley Polanco, explore our website! Dogwood State Bank offers a full suite of SBA financing solutions designed to help small businesses succeed. Learn more today!
