Success Stories


Living Solutions Construction, LLC

"They really helped us find a bank that was a good fit for us then coasted us through the process of approaching the bank and to give them exactly what they were looking for."

Read More
Merrick Young always had entrepreneurial aspirations. In 2009, after seven years in the construction industry, he decided to take his chanceand start Living Solutions Construction, LLC, a construction and development company, during the height of a recession. Young's thinking was that if he could get his business up and running and acquire land at a discounted price he could be in a pretty position when the economic turnaround came. He bought a plot of land in Baker, La., and set out to turn it into affordable homes.

 

In the beginning, Young found numerous challenges stacked against him. He had lots of experience on the trade end but didn’t quite have the business and entrepreneurial skills that he’d need to get such an operation moving. He contacted the Louisiana Small Business Development Center at Southern University in Baton Rouge and found many resources to help get access to capital, government procurement opportunities and ways to grow his business.

 

 

  During hard economic times it is especially difficult for a contractor to obtain capital and Young’s entire operation hinged on getting loan approval. The LSBDC pointed him to Liberty Bank and helped him create a solid business plan that covered all indicators and parts they would be looking for. They helped prepare a thorough financial analysis and created a solid marketing plan by forming a strategic alliance with a top-producing realtor that would be able to help sell the homes.   “They really helped us find a bank that was a good fit for us then coasted us through the process of approaching the bank and to give them exactly what they were looking for,” said Young.   With the assistance of the LSBDC, Young eventually landed a $500,000 loan to cover the land and construction costs for the project. Living Solutions has since landed a contract with the City of Zachary and with the city of Opelousas where he is constructing 26 houses. He now has six full-time employees and expects to increase revenue in 2011 by $210,000. Through the LSBDC he was also able to tap into Baton Rouge’s business community to join business groups, attend seminars and network.   “The LSBDC really helped us get our foot in the door with the first project and they really helped me get my head around the business side of things,” said Young.

 

 

Contact us today to learn how the LSBDC can help you gain control of your finances

 

 

Read Less

Sew Elegant, LLC.

"After being a nurse for 35 years and having back surgery, my career was at the end of the world, but with the help of the LSBDC at Southern University, I was able to make my dreams come true by starting my own business"

Read More

Lisa Formeller is the owner of Sew Elegant, LLC. a custom drapes, bedding, pillows, and dust ruffles business now based in Washington, Louisiana.  Prior to seeking assistance from the Louisiana Small Business Development Center at Southern University, she had been operating a sewing business on a part-time basis for 18-months without turning a profit. Formeller reached out to the LSBDC at Southern University for assistance with pricing, budgeting, and organizational skills. She also requested help with marketing, financial management and developing a business plan.

When Business Consultant Leighton Bryant learned of Formeller’s physical ailments, he informed her of the Louisiana Rehabilitation Services (LRS) grant program. LRS is a state program that assists persons with disabilities in their desire to achieve independence in their communities by providing career and entrepreneurial training and assistance.

With Bryant’s help, Formeller was able to develop her business plan, which included a three-year monthly cash flow projection and income statement, as well as a three-year annualized projection. With the well-developed business plan as well as a letter of recommendation submitted by Bryant, Formeller was awarded a $20,000 grant from LRS. This grant allowed Formeller to purchase much needed equipment, fabric, and supplies, as well as sewing machines, which allowed her to create another source of revenue by offering sewing lessons. A website was established to help in the promotion of her business.

“After being a nurse for 35 years and having back surgery, my career was at the end of the world, but with the help of the LSBDC at Southern University, I was able to make my dreams come true by starting my own business,” said Formeller. Since seeking assistance, Sew Elegant revenues have increased by $16,000 over the previous year.

Read Less

Pat Roy Crane Enterprise, LLC.

With LSBDC assistance, Pat Roy secured $103,000 in financing and more than doubled his sales.

Read More

Pat Roy first visited the Louisiana Small Business Development Center at Southern University in August 2007 when he made the decision to take his 20 plus years of crane operating experience and use it to make money for himself. He was interested in starting a crane business that would primarily target companies that use cranes when cutting down trees. Although Roy has years of experience as a Crane Operator, he needed help starting his new business venture. He requested help with the start-up process and with completing his business plan so that he could secure financing. 

Business Consultant Leighton Bryant, provided Roy with information on his financing options, as well as assistance with structuring his business. As a result, Roy secured his initial loan in December 2007, which allowed him to purchase a 30-ton crane and open his business. 

Two years later, after the successful launch of his business, Roy returned to the LSBDC seeking financial assistance.  Bryant helped him with financial projections and packaging an SBA Go Loan.  Again, Roy obtained financing including both a traditional loan and SBA loan. Over the last three years, Roy has received funding totaling $103,000 and has more than doubled his sales.

Read Less

616 Harding Boulevard

Baton Rouge , LA 70807
Phone: (225) 771-2891
Email: lsbdc.subr@lsbdc.org

M - F 8:00 am to 4:30 pm

 

 

 

Parishes Served:
Ascension, East Baton Rouge, East Feliciana, Iberville, Pointe Coupee, West Baton Rouge, and West Feliciana





Call Toll Free: 1- (866)-782-4159

The Louisiana Small Business Development Center Network, hosted by Louisiana Delta Community College, is a member of the National Association of Small Business Development Centers and funded in part through a cooperative agreement with the U.S. Small Business Administration, Louisiana Economic Development and participating universities. All SBA programs are extended to the public on a nondiscriminatory basis. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. Reasonable accommodations for persons with disabilities and/or limited English proficiency will be made if requested at least two weeks in advance.
Copyright © 2005-2015 Louisiana SBDC. All Rights Reserved. | Site Design by eMerge

America's SBDC     SBA     LED Louisiana Economic Development