Hydrodynamics, Inc., was seeking funding for the purchase of a garage building, used for an expansion for the company. This property was used for an expansion for the company. The total project is $125,000 representing the purchase price of the building. Funding for the project consisted of three components; a Community Economic Development loan in the amount of $56,250; $56,250 from two NEPA Alliance small business loan funds and an equity injection of $12,500.
“Small business financing like the programs CAN DO was able to secure for us enabled me to expand our business and will make it possible for us to slowly increase our workforce. Both CAN DO and the NEPA Alliance’s assistance was critical in this stage of our growth.”
For more information on Hydrodynamics, Inc., visit their website.