Innovaciones de Apoyo Galera (GSI)

30 de diciembre, 2013 por Gwen Verde

Gina and Wade Radke at GSI Ground Breaking

Innovaciones de Apoyo galera es una empresa familiar con sede en Sherwood, Arca., que ha estado en operación por más de 50 años. Los directores de la empresa son Gina y Wade Radke.

GSI ofrece hardware interior a la industria de la aviación, y los clientes incluyen Boeing, Gulfstream, Dassault Falcon, Delta, American Airlines, Hawker Beechcraft, y Sikorsky.

The company was experiencing significant growth in April 2012 and needed more space. Since they were leasing, the Radkes couldn’t expand their facility and looked for one to buy. When unable to find another suitable facility to purchase, they decided to try to purchase the space they were leasing.

Gina Radke had previously worked for Arkansas Capital Corporation Group, so she contacted Itzel Meador of ACCG. Meador referred her to the Arkansas Small Business and Technology Development Center for help with a loan proposal to purchase the building.

ASBTDC business consultants Rudy Ortiz and Nancy Knighten began working with the couple. While going over the Radkes’ financials, Rudy noted the recordkeeping system in place did not accurately reflect the true financial condition of the company. Ortiz and Knighten assisted the Radkes with their business plan and also consulted with GSI’s accounting firm about rectifying the problems with the financials.

By early 2013, the business and revenues were expanding rapidly, but the Radkes were unable to secure a loan for their facility expansion due to continuing issues with their financial statements. They acquired the services of another accounting firm and hired an internal accountant to handle the day-to-day bookkeeping of the company. Soon, the accurate financials indicated a thriving company and the loan process began to move forward.

The ASBTDC helped the Radkes with contacting banks about funding part of the SBA 504 loan, and Centennial Bank was chosen to work with Arkansas Capital.

ASBTDC was vital not only in helping us secure the loan but in training us in proper manufacturing financial record keeping,” said Gina Radke.

The Radkes loan was approved in September 2013, allowing them to purchase and expand their building. The company celebrated with a ground breaking ceremony (la foto de arriba) on Oct. 11.