WEDA Success Stories

 

WEDA Success Stories

Wolf Creek Radio Broadcasting
Wolf Creek Radio Broadcasting Photo

1660 N. 4th St. Suite W
Laramie, WY 82072
US
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Category:  2015 Success Stories


Shawn Faxon, 28-year-old owner ofWolf Creek Radio Broadcasting and the man behind Hits 106 was born, raised and educated in Wyoming. He saw an opportunity to own his own radio station and jumped in. “I started with the terrible approach of using credit cards,” Faxon says. “Then I realized that wasn’t working so I got with Jim Drever of the Wyoming Entrepreneur Small Business Development Center in Laramie.” Faxon and Drever went back to the business plan and created a strategy to work with the SBA, refinancing his credit card debt into one fixed term loan. He followed that up with another SBA loan to refinance the seller financing. “Working with the SBDC was a very valuable working process because Jim was able to provide feedback and insight that I never would have thought of and he helped me take it to a level that it needed to be,” Faxon said. With his finances in order, Faxon has been able to grow the station into a successful business and a valuable community service.




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