NEWS & EVENTS
SEFNCO Communications Expands By Consolidating
SEFNCO Communications is a telecommunications construction solutions provider operating from multiple offices throughout the Pacific Northwest and California. It was founded in 1998 by CEO, Scott Nall and employs a staff of over 200 skilled professionals.
Four years ago SEFNCO sought to purchase an existing building and consolidate three of its locations into one more efficient facility. They learned then about the 504 program through their banker, but the timing was not right to move forward with the purchase.
In early 2010 SEFNCO began to look at that same building again. They studied various types of financing including “bank financing, equity financing and even bake sales.” Ultimately they chose to use the 504 loan program because of the low down payment, favorable interest rate and the ability to plan long term.
SEFNCO Communications was pleased with their choice. The project’s benefits include a projected 10% increase in new work and a 5% increased customer base. Consolidating three facilities into one also reduces waste and eliminates duplicated efforts. They also liked their partners in financing, “Bank of America is great. They reached out to us in ways we never anticipated. Evergreen also exceeded our expectations. They were very responsive and took the pressure out of the loan process.”
Evergreen Senior Loan Officer Pat Rogers notes that this project is an example of the economic development power of the 504 program. It should create over 40 telecommunications construction jobs in a rural area over the next few years. She compliments SEFNCO Communications on their hard work on the project, “CFO Vaun Gunnell and his team were ideal to work with.”
CEO Nall recommends the 504 loans to other small business owners, “It’s a great deal – go for it. I look forward to the next opportunity to do a SBA loan.”
SEFNCO Communications Beautifies Bonney Lake
More than 500 people braved cloudy skies and occasional drizzle to volunteer their efforts at the annual Beautify Bonney Lake community clean-up event Saturday.
Teams met at the Park and Ride at 9 a.m. and fanned out to 20 sites around the city.
Volunteers also did clean-up and maintenance work at Ascent Park, Allan Yorke Park, City Hall, Victor Falls Elementary, the Public Safety Building, Viking Park, the Community Garden, the Sky Stone, Art Park and many other sites throughout the city.
The event is one of the largest community service days in the state and SEFNCO Communications employees and their families were happy to share their weekend with other citizens to help in the community in which we live and serve.
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