WEDA Success Stories

 

WEDA Success Stories

Baggs Testing and Rental
Baggs Testing and Rental Photo

Baggs, WY 82321
US

Category:  2015 Success Stories


Baggs Testing and Rental provides drilling, exploration and production rental equipment and personnel to the oil and gas industry throughout Wyoming, Colorado and Utah. The business facility is located on a 35.4 acre site on Highway 789. The well maintained campus has equipment storage, maintenance and administration buildings, and temporary crew housing.

Eli Allen started working for the company when he was in high school and became general manager in 2009. In 2013, with funding through the SBA 504 Loan program, administered by Wyoming Industrial Development Corporation and Frontier Certified Development Company (WIDC-Frontier CDC), in participation with Yampa Valley Bank, Allen purchased the commercial property site. Allen secured a SBA 7a Loan for the purchase of the remaining business assets. Now, as the business continues to grow, Allen is creating personal equity in his business and commercial property.




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