Sheldon Business Expands With Revolving Loan
Date posted - June 9, 2016
Sheldon, Iowa — A Sheldon business that started as a part-time venture has grown, thanks to a revolving loan fund loan from O’Brien County Economic Development.
Dan Van Regenmorter, owner of Hydraulic Solutions, LLC, has expanded his business with a new 75 foot by 90 foot energy-efficient building at 4966 300th Street near Sheldon. Van Regenmorter says this new building will enable him to work inside on larger projects. He tells us what they do.
He says when they applied for the loan, they had a goal of hiring two full-time employees and one part-time employee. He says they’ve taken steps toward that goal.
Van Regenmorter says Hydraulic Solutions, LLC began in 2012 as a part-time business. By early 2013, the business had grown into a full-time enterprise.
He says that for the majority of their work, they serve as a subcontractor to equipment repair centers, but they also do a fair amount of work directly for farmers and others.
O’Brien County Economic Development Executive Director, Kiana Johnson says the O’Brien County Economic Development Corporation is excited to be a partner in this business expansion through the O’Brien County RLF/RBDG Loan.
She says the O’Brien County Revolving Loan Funds are used to attract, retain or expand Business and Industry. It was created with funds from the Rural Business Development Grant that was awarded to O’Brien County Economic Development Corporation in 2015.
She says that Van Regenmorter represents the spirit of entrepreneurism in rural America and Hydraulic Solutions, LLC is an asset to O’Brien County.