SBDC Success Story: In On Cable Installers Inc.

    Mark Hobson, left  and Jeff Austin (far right), the owners of In On Cable Installers Inc. worked with SuntTrust's Asley Caroli, second from the left, and the SBDC's Janice Lopez, third from the left, to position their company for sustained growth in the future.
     While setting the stage for the future by securing capital, In On Cable Installers Inc. is also hiring right now. Sustained financial growth is expected in coming years, company officials said, thanks in part to resources offered through the Small Business Development Center at UCF-Kissimmee.
     Specializing in all areas of low voltage wiring IN ON has evolved from a two-man operation in 1991 to a company with more than 150 employees in becoming one of the largest cable contractors in Central Florida.
     To leverage their business through programs offered by the SBA, Jeff Austin scheduled an appointment with the SBDC -- a program funded by Osceola County, the City of Kissimmee and United States Small Business Administration -- to learn about the different types of SBA Loan Programs.
     After discussing the company's position, the group decided that more cash flow would allow for an increase in employees. The SBDC recognized that the company was financially sound and the key was to make sure that they were prepared before approaching local lenders.
     Once all the documents were in place, the SBDC referred the client to three SBA participating lenders, one of which was SunTrust who was able to provide the necessary financing through an SBA 7(a). Ashley Caroli, from SunTrust, stated that "the fact that In On was prepared, made the loan process that much smoother."
     In On was able to tap into their local resources and save on finance charges, which in turn has allowed them the opportunity to continue hiring more employees. Jeff Austin stated the "SBDC at UCF is a great resource for companies in Osceola County."