WEDA Success Stories

 

WEDA Success Stories

Absolute Flooring
Absolute Flooring Photo

3573 E. Lincolnway
Cheyenne, WY 82001
US
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Category:  2015 Success Stories


One in four Americans between the ages 44 and 70 are interested in starting their own businesses or nonprofit ventures in the next five to ten years. These “encore entrepreneurs” have an average of thirty-one years of work experience and twelve years of community involvement. Lee and Nani Goepfert fulfilled their dreams of business ownership and maintained Wyoming jobs with their purchase of Absolute Flooring in Cheyenne. When they decided to do so, the Goepferts contacted the Wyoming Entrepreneur Small Business Development Center in Cheyenne and participated in SBDC webinars and workshops. The SBDC assisted them with their business plan and helped with their web site. With SBDC assistance they also devised a realistic advertising budget.

With their completed business plan in hand, the Goepferts applied for an SBA 7(a) loan through First Interstate Bank in Cheyenne. The loan helped revitalize the business with innovative products and working capital. They also have a line of credit with their local bank and accounts with all of their suppliers. When asked about the future of the business, the Goepferts said they hoped to build the business by maintaining profitability, so when the time comes for them to retire, they can sell their business and it can remain an asset to the local community




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