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SBA ARC loan aids business cash flow

Darlene Goodbody began her business doing T-shirt printing with her sister-in-law. She has since dropped the T-shirt printing and turned Goodbody Gear Inc. into a welding, machining and fabrication business, utilizing the experience that she and her husband Rich have in the fields of Aerospace and Oceanography.

Goodbody Gear Inc. was started in 2003 in their garage, with personal funds, taking on small jobs, until they out grew the garage with equipment and more customer projects than the space could hold, at which time they signed a lease on an industrial work place.

Darlene Goodbody has taken advantage of several federally funded programs. She sought counseling and training through the San Diego Contracting Opportunities Center (COC), which is the local PTAC (Procurement Technical Assistance Center), at which SBA employee Ming Yee conducts regular SBA certification workshops. The COC consultants also provided her with assistance in refining her NAICS codes and contact information, as well as with completing her SBA 8(a) certification paperwork. In October 2009, she received notification of acceptance into SBA’s 8(a) Business Development program. Darlene looks forward to utilizing the program to grow her business working with government contracts.

In addition, Darlene applied for and received an SBA ARC loan, which is a loan that assists small businesses which are having difficulties making payments on existing loans or paying vendors, as a result of the current difficult economy. The loan helped them improve their cash flow, even though some of their customers were unable to pay their invoices on time.

Goodbody Gear, Inc. will soon be adding Electron Beam welding to its diverse list of services which include but is not limited to quality inspection, machining, welding, engineering, R&D development and much more. Its current customers range from individuals seeking customized parts for Off-Road cars to larger companies and government agencies, such as Boeing, Lockheed Martin, NASSA, Fox Racing Shocks, and Alumicraft.

A family owned business run by Darlene and Rich Goodbody, with their oldest son working as a Mastercam Programmer and machinist, they hope to add their youngest son, currently in high school, in a few years, after he graduates from college with a degree in drafting and 3D modeling, which will add value and work to the company. Goodbody Gear, Inc. hopes to have many more prosperous years in business and intends to take advantage of the many government assistance programs available to them.

To learn more about SBA, call 619-727-4883 or visit www.sba.gov/ca/sandiego. To find out more about Goodbody Gear, Inc. call 619-938-2665 or visit www.goodbodygear.com

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