Category:

Success Stories

Replace Navigates PPP Business Loan Amid Pandemic

Like many of our customers, Replace found itself in a position where it needed a PPP business loan amid the pandemic.
 
The first thing you’ll probably notice about Jeff Johnson, founder of Replace, is his beard. The second thing? His heart.

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JCD Promotions: How a PPP loan moved this small business to expansion

When COVID-19 first struck, Carrie Drephal had a different experience than many small businesses. Drephal’s web design company, JCD Promotions, was flush with business. “For a month straight, I was working on constant changes for websites and sending more estimates than I ever had for clients looking to build a new website,” said Drephal.

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Therapy OPS – Using an SBA loan to expand their reach into the community

When husband-and-wife team Chris and Rachel Kuenzli decided to expand Therapy OPS – their occupational, physical and speech therapy clinic – they spent six months pursuing a business loan with another bank. The process was in the works, and construction was starting. Then, the project hit a wall.
 
“After six months, the bank wasn’t committing to us, and we started to get the sense that they weren’t actually going forward with the project,” said Chris.

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Element Indoor Golf

When business partners Bradley Wohlers and Laurie Barger set out to fund their innovative small business idea – the young entrepreneurs faced immediate rejection. “We went through a lot of meetings with SBA lenders, and to be quite frank, we were laughed out of some meetings,” said Wohlers. The Mahtomedi, MN native admits, their idea is different – but it had the potential to disrupt the entertainment market in the East Metro area of the Twin Cities.

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