There's one thing about small town USA that is true across our country – your neighbors are like family. The business community is made up of people who understand the importance of relying on their neighbors, delivering value, and giving back. They also understand the need to invest in their business to keep current if they want their community to thrive. In southwest Arkansas, Buddy & Howdy's, Inc. operates as regional chain of gas stations with convenience stores using that important philosophy.
Cindy Turner has been running Buddy's & Howdy's for nearly 20 years. It started with one store in 1998 and has grown to four locations today. Cindy faces challenges with regulatory hurdles, running a profitable business, and determining how to invest smartly for growth. In the gas station and convenience store business, there are major overhauls required at times, such as updating gas pumps and POS systems to meet the EMV compliance requirement for credit card chip technology. Due to this, Cindy was faced with exploring business financing to meet her needs and regulatory requirements.
Small businesses often rely on recommendations from trusted partners. Those trusted community members can be very important referrals. This is what originally brought Cindy to Ascentium Capital for Buddy's Quick Stop and Road Mart stores.
The Mineral Springs, Arkansas Buddy's Quick Stop is in a small town of approximately 1,200 people. Road Mart, in nearby Nashville, Arkansas is in a community of nearly 4,500. The people who frequent these stores may do so for gas, lottery tickets, or sundries, but what keeps them coming back are the variety of delicious food options: one fast stop and fill your tank and grab a quick meal!
Cindy's food sales continued to grow, so she explored expanding her menu offerings. After learning that Ascentium could help with any type of financing, Cindy spoke to her accountant who advised her that she could also realize tax benefits for her business. She then approached Ascentium for an equipment leasing option to introduce a new line of hot food items. Ascentium provided funds that got Cindy and her Hatch Chili Grill set up and running fast!
“Looking at the short term and long term financial goals, the equipment leasing with Ascentium at the time was the most beneficial to her situation.”
--- Tammy Davis, Smith Tax Service
Ascentium values our small business customer community and strives to not only be convenient, but deliver effective business solutions. Learn more about Cindy's story in this short video:
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Ascentium was there for this woman-owned business -- ready to fuel growth and provide convenient financing options each time Buddy's & Howdy's was ready to invest. The Ascentium Capital community takes pride in offering small-town lending ease with big city abilities enabling clients to reach for the stars.
Contact Ascentium Capital today to learn more about the convenience of our fast, flexible financing options, and how they can help your business grow.