SBA Administrator Mills Visits Thriving Northern Ohio Manufacturing Companies

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SBA Cleveland District Office:  August 24, 2012

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SBA-Backed Loans Helped Tiffin Firm Grow, Create Jobs


SBA Administrator Karen Mills and Brian Reis, owner of Ballreich Potato Chips
TIFFIN, OH– Karen Mills, Administrator of the U.S. Small Business Administration, toured Ballreich Brothers - a thriving potato chip manufacturer - on Thursday, August 23, 2012.  The company benefited from SBA-backed loans that enabled the company’s owner, Brian Reis, to expand the facilities, grow and create jobs.  Administrator Mills highlighted the Obama Administration’s efforts to help manufacturers and small businesses like Ballreich Brothers get the resources they need to grow and create an economy built to last.   Ballreich Brothers is a third-generation family-owned potato chip manufacturer that was founded in 1920.   In 2006, the current owner Brian Reis bought out 16 other family members with an SBA 7(a) loan.  Since that time, Reis has taken advantage of three additional SBA loans totaling $3.9 million dollars for equipment, re-financing and building expansion. Today, Ballreich Brothers shows positive growth with doubled sales and an increase in the number of employees from 36 to 66 and plans to hire four additional employees.  Ballreich’s potato chips are gaining much popularity as the company is preparing to ship containers of the product to foreign markets, including China. This Thanksgiving, the company plans to launch an exciting new product. 
With SBA Loans, Toledo Manufacturer Expanded, Adding Employees

SBA Administrator Mills with Yuval Zaliouk, co-owner of YZ Enterprises
TOLEDO, OH– Karen Mills, Administrator of the U.S. Small Business Administration, toured YZ Enterprises – a thriving cookie manufacturer on Thursday, August 23, 2012.  YZ Enterprises, Inc. benefited from SBA-backed loans that enabled the husband and wife team of Yuval and Susan Zaliouk to expand their facilities, grow and create jobs.  Administrator Mills emphasized the Obama Administration’s efforts to help manufacturers and small businesses like YZ Enterprises get the resources they need to grow and create an economy built to last.   Founded in 1988, YZ Enterprises is a first generation family-owned business. Yuval and Susan each own 50 percent of the company. The company distributes Yuval’s grandma Dina’s recipe of “Almondina” cookies all over the U.S. and abroad.  Recently YZ Enterprises refinanced their existing loan with an SBA 7(a) loan that improved the company’s cash flow.  The company also received two additional SBA loans totaling $608,000 for expansion.  The company's major clients are Trader Joe's, Whole Foods, and Publix. YZ Enterprises employs 26 people with six new employees hired this year.  They expect to increase sales and hire an additional five people in 2013.