On a rainy winter day in 2016 Joe Curry dropped by Dieter Rumba’s welding shop, Sechelt Iron, looking for steel to repair his truck. “I just hit it off with Dieter, and we chatted. “At the end of the hour Dieter looked at me and said, ‘you should buy this place’.
Owning a shop was a lifelong dream, but I had a new young family and I’d just moved here. A loan from Community Futures is what made it possible for me to buy the business.”
Joe is young, experienced Red Seal welder and fabricator new to the Sunshine Coast. He always wanted to buy a welding shop, so he could provide more security for his young family. After owning Sechelt Iron for 27 years, Dieter was ready to sell his business and retire. The challenge keeping the successful sale at bay, was that Joe couldn’t get a loan approved from his bank. “The head bank office in Vancouver didn’t think it was a good enough loan. They wouldn’t lend me the money. I almost gave up, but then the bank manager sent me to Community Futures.”
Joe met with Community Futures’ business advisor Mark Yellowley. Mark helped him revise his business plan, and apply for his Community Futures loan to buy the business. “Mark was great. He helped me review and improve my business plan, and prepare for my presentation to the investment committee. He was essential to making it happen,” said Joe. “Mark was a realistic, genuine, nice guy. I couldn’t have done this without him.”