Located in Salisbury, North Carolina, Brown Well Supply Company offers many different well services, including well drilling, well repair, whole house filter solutions, and water softeners. They pride themselves on being the oldest company in Rowan County, North Carolina. Their community-first focus has earned them an established reputation in the area and their experienced team of employees is what sets them apart. All of their team members have been in the industry for 20+ years and are excellent at what they do.
It was these qualities that made Brown Well Supply Company stand out to Ernest Retzer. He had been searching for a business to buy and was looking for something with lots of community involvement and hands-on work. With a background in financing, Ernest always got a lot of fulfilment out of helping people. Acquiring Brown Well Supply Company was another way for him to be involved with the community – this time providing fresh running water for homeowners and businesses alike.
Because of interest rates and other incentives, an SBA loan was the most attractive option for Ernest to pursue this business acquisition. A business broker put him in contact with Mark Moreno, a Business Development Officer at FNB Small Business Finance. After meeting with Mark, Ernest felt he was the right person to work with! Mark was able to structure an SBA 7(a) loan that worked well for this business.
Ernest had this to say about his experience working with Mark and FNB Small Business Finance:
Mark was a mentor throughout the process. He was very knowledgeable and took the time to explain things. I really appreciate him being more than just a transaction guy.
We wish Ernest and Brown Well Supply Company all the best as they continue their legacy in North Carolina!