“We were already one of the preferred contractors for Eli Lilly, as well as one of the subcontractors for the Bankers Life Fieldhouse,” said Gary Davis, president of the firm. “When we were ready to grow the business, Old National helped us secure a line of credit to help us shore up areas when receivables are low.”
“It was December, and most companies don’t make that kind of move at that time of year,” said Harold Johnson, the Old National commercial lender on the account. “But we were able to meet with him and offer him the service and products that he was not receiving from his former bank. Within a couple of weeks, we had secured a one million dollar line of credit for them.”
Johnson was able to secure the line of credit, as well as help facilitate an operating and payable account and credit cards for the firm. Davis said the line of credit helps to cover soft costs and payroll for the company that now has 60 employees. “It helps us cover our project managers, estimators, project engineers and office staff.”
Johnson reaches out often to see if we need anything, said Davis. “Harold has been great to work with. He tries to create synergy between us and other clients and build relationships to get us leads on potential new projects.”
“He’s such a well respected business leader,” Johnson said of Davis. “He’s extremely well connected in community and does great work with Eli Lilly, and I’m hoping to help him further those connections.”
Davis & Associates was recently awarded contracts on the new Indianapolis Justice Complex and is part of the construction management team for the Washington Township Schools. They have an amazing network in the community and I’m hoping to help them cultivate and build on that, said Johnson.
The relationship with Davis & Associates reflects Old National’s commitment to working with minority-owned businesses. Johnson’s focus on putting the customer first exemplifies the effort in bridging the gap between diverse suppliers and corporations. Old National values the importance of small business and businesses owned by minorities, women, disabled individuals, veterans and more. Davis & Associates is a great partner.
“We are looking forward to building a strong relationship with Harold and the Old National team,” said Davis.
Smart Solutions for your Business
When you're running a business, it's important to have a trusted financial partner – a team of experts who will listen and help you make informed decisions. Whether you're looking for expertise in financing future growth, processing payments, maximizing cash flow or another financial need, Old National is here to help.
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