RMI Success Stories
Rick Jones, owner of Label Solutions Inc., has seen many signs of success throughout his career.
Jones started Label Solutions 20 years ago in Marshfield, Mo., printing labels and wide-format graphics for signs. Today, his company is the largest supplier of industrial gas cylinder labels in the country.
By 2006, Jones realized his building needed to expand to keep up with his growing client base. Doug Burnett at Southern Missouri Bank referred him to RMI to help.
“RMI was a good vehicle to secure a loan to build,” Jones says. “With RMI, the process of getting information and approval was streamlined and efficient.”
Jones saw the 504 Loan’s low-interest, 20-year fixed rate as a way to control costs. After building the new facility, he approached RMI again in 2009 for a loan to add on.
“We got a competitive loan at a fixed rate, which allowed us to affordably expand our operation,” says Jones. “The 504 Loan was a more competitive rate than a standard SBA loan.”
A 504 Loan with RMI allowed Label Solutions to stay competitive in the marketplace and the business is continuing to grow as a result.
“Now, we can compete with larger businesses, offer better service, and accommodate for future growth,” Jones states. “When we started this business, we had nine employees. Now we have more than 30.”
We got a competitive loan at a fixed rate, which allowed us to affordably expand our operation.