Smart Business Magazine, October 2017

October 2017 Smart Business Akron Canton 17 C ongratulations to the 44 Cascade Capital Corporation Business Growth Awards winners for 2017 These companies are located within Summit Medina Portage Stark Wayne Holmes and Ashland counties in Northeastern Ohio A company can earn a Business Growth Award by either increasing its sales level by 100 percent or 5 million or by increasing its employee base by 50 percent or 25 people over the past five years These impressive growth standards also result in significant economic benefits for the local and regional economies Growing companies sales of their goods and services to other parts of the state across the nation and even internationally enrich our local and regional economies Receipts and profits generated by these companies are positively manifested when these companies purchase local goods and services invest in new operating facilities and equipment and hire new employees These wealthcreating mechanisms directly lead to the economic vitality of our local and regional economies Cascade Capital Corp s primary operating objectives are to provide attractive financing options to small and midsize companies investing in new operating facilities equipment and human resources and to invest on a long term basis in the Northeastern Ohio communities that it services Cascade Capital provides belowmarket long term fixed interest rate financing options through its SBA 504 loan program In combination with traditional bank financing a small to midsize business receives 90 percent financing for its new building or equipment purchase as follows Bank Financing 50 percent Cascade Capital SBA 504 40 percent Business Down Payment 10 percent Twenty year fixed interest rates are currently available at just over 43 percent Cascade Capitals SBA 504 refinance program provides companies with the option to refinance long term debt for a building or equipment purchase made at least two years ago Cascade Capitals venerable Ohio 166 loan program also offers extremely competitive fixed interest rates for non retail companies investing in equipment or real estate as low as 3 percent for 10 years and 35 percent for 20 years A number of 2017 Business Growth Award winners have received funding from Cascade Capital through its SBA 504 and Ohio 166 loan programs Cascade Capital is very proud to have invested its own financial resources throughout Summit Medina Portage and Wayne counties for several years To date Cascade Capital has invested nearly 1 million to support the key job creation objectives of our local and regional economic development partners Congratulations to all of Cascade Capital Corporations 2017 Business Growth Award winners on a job well done and thank you too for your continuing role in supporting and revitalizing our local and regional economies through your impressive growth Robert Filipiak is president of Cascade Capital Corp an economic development finance company that has provided dependable financing options to growing small to medium sized companies in Greater Akron and Northeastern Ohio since 1983 Reach him at 330 379 3160 or rfilipiak@ cascadecapital org 44 OUTSTANDING COMPANIES THAT FORTIFY THE STRENGTH OF OUR REGIONAL ECONOMY