New York SBDC Research Network

The client had extensive experience in the specialty tool and die industry, producing roll dies for radiator and automotive cooling components. After working for over a month without pay, the client was displaced when his former company became insolvent. Given his design and sales background he wanted to pursue this niche manufacturing market. The client needed help determining the feasibility of the proposed project and finding financing. Client was additionally challenged by a credit rating that had been impaired while working without pay – because he and remaining colleagues eventually left, they were initially denied unemployment benefits which further exacerbated the client’s personal credit issues. SBDC assisted client with a feasibility analysis, credit repair, and the development of a business plan. Many financing options were explored due to credit issues. The SBDC facilitated the client’s application process to local public loan funds. Other assistance included job cost...