One Hour Heating & Air Conditioning
SBA financing helped Thomas and Gail Livaudais purchase an existing heating and air conditioning business and expand its services.
With over 30 years of experience in the home services industry, Thomas Livaudais and his wife Gail began to explore the possibility of purchasing the One Hour Heating & Air Conditioning franchise in Covington, LA. The Louisiana Small Business Development Center at Southeastern Louisiana University assisted the Livaudaises with completing a business plan to submit for bank financing. They also discussed ways to save on overhead costs and to expand into other markets. Extensive market research was prepared and presented to the client for inclusion in the business plan.
Following the purchase, the Livaudaises soon secured financing for their expansion into solar energy. As a marker to their success, Thomas was recently highlighted as a local expert in a cover story for Northshore Conifer where he discussed the benefits of investing in solar energy.
With LSBDC assistance the Livaudaises secured a $65,000 SBA loan and sales have soared to more than $600,000 per year.
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