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December 14, 2012

Wichita District Office Newsletter

Brought to you by the U.S. Small Business Administration

Small Buisness Week Nominations, Final Call

National Small Business Week has been recognizing the special impact made by outstanding entrepreneurs and small business owners since 1963. During this week, the U.S. Small Business Administration honors small business owners and entrepreneurs for their outstanding achievements through various awards.

SBA is currently seeking nominations from the public for exceptional entrepreneurs. You can use this online portal to submit your nomination for the following awards:

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SBA Lending Activity, Steady

The pace of SBA-backed lending continues to rebound. SBA lending remains strong, providing capital to small businesses at a steady pre-recession pace. The first 10 weeks of FY 2013 saw more loans and more dollars loaned than the same period a year ago, a year in which SBA recorded the second highest loan volume in the agency’s history. Overall, lending continues at a solid pre-recession pace, some weeks more, some weeks less.  Loan approvals for FY 2012 for 7(a) and 504 combined reached $21.8 billion ($30.25 billion “supported”), compared with $24.48 billion in approvals for FY2011 (or $30.5 billion supported).  In the Wichita District Territory, through December 13, 2012, 40-loans have been approved for approximately $12 Million.  Reference the FY2013 Lending Chart:

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Finding Success through Exports, Cyberton PC

Owners of Cybertron PC, Shadi Marcos President

In a down economy, locally-owned Cybertron International is defying the odds. While other manufacturers are shipping jobs overseas, the Wichita-based computer systems builder is in growth mode, recently adding ten full-time jobs to support increased export sales. In addition, the company has been expanding its IT services division, through both aggressive sales growth and acquisitions.

Cybertron had its beginnings in 1997, when three 21-year old college students started the tech company with $5,000 cash. “We were pretty inexperienced and green,” says Shadi Marcos, the company’s President and CFO. “We kind of bootstrapped the thing together.” The three Egyptian immigrants and friends dove into what was then “new” technology such as computer dial-up internet and web page design, the company morphed from there. As the company grew, the owners went through the natural progression of turning first to family and then, to a local bank, to help finance that growth.  Cybertron and its lender, IntrustBank, utilized the U.S. Small Business Administration’s 7(a) loan guaranty program to provide vital working capital that enabled the company to take on more sizeable export orders.  Cybertron is now the largest computer systems manufacturer in the state of Kansas and 15th in the nation. The company has 50 employees and serves everyone from the individual consumer to government, education, corporate buyers and a network of resellers in North and South America.


New Wichita SBA Staff

DD Wayne Bell, LRS Doug Clary, LRS/AO Janelle Jones

We are pleased to announce the addition of two new employees to the SBA Wichita District Office staff.  Doug Clary and Janelle Jones, both Lender Relations Specialists, come to us from the U.S. Department of Agriculture, Rural Development.  

Doug brings with him over 20 years Federal experience, all of which is related to either the processing or servicing of various government financing programs and the marketing of these programs.

As a Lender Relations Specialist, Doug will be responsible for assisting lenders with questions on the various SBA Loan programs and promoting the use of these programs.

Most recently, Doug was employed by USDA Rural Development, where he held the title of Area Specialist, working for both the Manhattan and Newton offices.  In this capacity, Doug was responsible for the processing of loans and grants in both the Business Programs and the Community Facilities program areas, and was instrumental in helping to grow both of these program areas exponentially.  Prior to Rural Development, Doug was employed with the SBA here in Wichita.  His primary duties were in the Portfolio Management Division where he was responsible for the servicing and liquidation of SBA loans.

Prior to starting his federal career, Doug spent more than 15 years in commercial banking, ascending to the title of Vice President of an $800MM institution.  The majority of his banking career was spent on the lending side.  Doug is a lifelong resident of Kansas and a graduate of Wichita State University with a BS in Business Administration. 

Janelle Jones is the new Administrative Officer/Lender Relations Specialist in the Wichita District Office.  Janelle has been a Federal employee for 7 years; previously employed by USDA Rural Development as an Area Technician in Newton, Kansas and in North Fort Myers, Florida.  She was responsible for the processing of Single Family Housing loans as well as Business Programs and some Community Facilities programs.  Janelle also serviced Single and Multi-Family Housing loans and Business loans.  In addition to the Program duties, she was also responsible for the administrative duties in the office.

Prior to Federal service Janelle was employed at Keesler Federal Credit Union in Biloxi, Mississippi for 13 years.  Starting as a Teller and working her way up to Branch Manager. 

Janelle is a member of the Wichita Elks Lodge.  She and her husband Duane are natives of Ocean Springs, MS and have one child and two grandchildren.

UPCOMING EVENTS

February 12, 2013, “ENTREPRENEUR RESOURCE FAIR” at the Robbins Center on the campus of Fort Hays State University, For information contact Dan Steffen at (785) 217-3252

LEARNING

Disaster Recovery: Guide to SBA's Disaster Assistance Programs

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