Working with Scott has been outstanding. As far as I am concerned, Scott is the best in the business. His wealth of SBA experience, positive attitude, and understanding for how to get loans processed and across the finish line separate him from the competition. His track record is nothing but success all the way. I would absolutely recommend Scott and Dogwood State Bank to other small business owners.
Client Profile
Classic Molders is a custom plastic injection molding manufacturer, providing volume part production, assembly, packaging, local delivery and shipping. Based in North Carolina, their team of experienced technicians deliver innovative concepts locally, nationally, and internationally to a variety of industries, including medical, dental, life sciences, and transportation. The products they offer and markets they serve range from comb capper and bucket bench products for the beekeeping industry to gauge housing for the automotive aftermarket. What began as a single-machine operation in 1989 has grown into a ten-machine operation, providing fast turnaround times, competitive prices, and a can-do attitude.
Loan Profile
Owner Don Sexton is a Manufacturing Operations Management and Engineering Professional with experience managing plastic injection moldering manufacturing companies spanning over 25 years. When the previous owner of Classic Molders, a long-time mentor of Don’s, decided to retire, Don’s acquisition of the business was a natural transition. After connecting with Business Lending Specialist Scott Birkner through his CPA, Don decided to pursue an SBA 7(a) Loan for the business acquisition. Don was attracted to the SBA Program for the unique path it provides to small business ownership, as well as the established roadmap for acquiring a loan provided by the SBA. In addition to financing the purchase of the business, the SBA 7(a) Loan provided the equity injection needed to manage the business.
The SBA Program offers lower down payments, flexible terms, and less restrictive collateral requirements for a range of business products. To learn more about our suite of SBA products and get to know Business Lending Specialist, Scott Birkner, visit our website.
