Along with our success Dino Drop-In’s first year also brought challenges. After my partner moved across the state, I had a dilemma; continue the partnership with an absentee partner, sell the business, or buy her out. The decision was mutual. The ideal solution would be a buy out but with only 6 months of financials, bank financing seemed unlikely.
“I stared at the room full of children and asked myself: how can we harvest their delight and use it for the greater good?”
I was introduced to Dan Welch. Originally from Belgrade, Dan had great insight on my business. After reviewing our short track record he seemed confident Bank of Bozeman could help. I was honestly shocked that we could put something together so quickly. It seemed like it was just a week or two and every thing was all ready. The buy out closed in late October 2016 but it was just the start.
The financing not only allowed me to buy the Bozeman location but after just two months we were looking at locations in Belgrade for expansion. We found one in the Town & Country complex off Madison and moved quickly to open in late January 2017. An expansion that has doubled my business while allowing a much needed flexible daycare option in Belgrade.
From day one Dan has been my sounding board and an alternative perspective through change and growth of the business. Whenever I have a new opportunity come my way I bring him ideas and financial projections and he gives me sound financial advice on my plans. As a person has an extreme risk tolerance, I appreciate having Dan & Clinton as trusted advisers who keep me on sound financial footing.
In the months since I have also grow to know many of the staff at Bank of Bozeman and have had nothing but great experiences. The team is a great partner in my business.