Precision Fiber Inc
18 Year Old Business Doubles Profits and Adds Employees
Angela Church started her own fiber optics splicing company in 1999 in Oregon City.
For many years, Angela ran the business while acting as a stay-at-home mom. But when she was ready to expand Precision Fiber Inc. and hire employees, the SBDC in Portland was there to help.
“What I gained from the SBDC was learning how to market my business and I gained a lot more customers from that,” Angela said.
Precision Fiber doubled its profits over a year after Angela went to the SBDC in 2016. The company now has 10 employees.
SBDC helped Angela move into a commercial property in Clackamas in 2017. The center guided Church in developing a loan package, which she presented to five different banks. Every bank she went to was interested, which allowed her to acquire a competitive rate.
“Without the SBDC’s help I don’t know if that would have been possible,” Angela said.
She’s now looking at purchasing a competitor, and Angela said she’ll be relying on SBDC’s assistance in the negotiation process.
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