and Board Members Success Stories
Lynx Capital paves way for Oatts Trucking
It would be difficult to drive around central Indiana without traveling on pavement made from materials delivered to the site by Oatts Trucking. And when the company arrived at a key intersection about 15 years after opening, Lynx Capital Corporation stepped in with equipment financing and working capital.
Owner Nathan Oatts says, "We were making progress, but needed more money than we had. Thanks to Lynx, the company evolved from a one-man dump truck operation to a leader in the trucking industry."
Oatts is now in its fourth decade of trucking road construction materials that help us all drive more smoothly.
d2p: furnishing successIn its first decade, d2p in Indianapolis evolved from an interior design startup to a full commercial furniture dealership. Owner Rebecca Denison Schultz, a Native American (Cherokee), says her company tries to live up to its name (d2p = design to perform) and has sought big opportunities.
Lynx Capital was an early lender to d2p and continued to work with d2p after it began a relationship with Regions Bank in 2008. Kimball Office Furniture named d2p a Select Dealer for most of Indiana, and Cummins Engine Company awarded a five year contract to furnish multiple locations in and around Cummins's world headquarters in Columbus.
"For us to win the Cummins award was a David and Goliath story in our industry," says Schultz, pointing out that seven larger furniture dealerships were competing for the Cummins contract.
Regions' Scott Thiems says Regions started working with d2p after reviewing Schultz's business plan and vision for her company. "Within months of that decision, the economy took a bad turn. Through a partnership with Lynx Capital and Regions Bank, d2p has been able to weather the storm. Lynx was able to continue to support d2p's financing needs even during the hardest times, like no senior lender could." Schultz continues, "Regions is an important partner. They could have backed out when the economy soured, but they stayed with us, and we are grateful."
d2p now employs 21 people, compared to four when it started, and is has a new combined showroom and warehouse.
Lynx was HG Metals' lifelineIf you've seen the steel arch welcoming visitors to White River State Park, you've seen HG Metals' work. Likewise, get a grip on the railings at the Indianapolis International Airport Terminal. More of HG Metals' crafting.
But HG Metals was "touch and go" after the 2009 recession, says President Cynthia Gardner. Lynx Capital's working capital injection in 2010 helped HG Metals fill customer orders while the company recovered. "We almost closed and that would have put a dozen people out of work," says Gardner. "Lynx came at a crucial moment for us. Lynx was our lifeline."
HG Metals is now on more firm financial footing. Among its new works are an attention-grabbing steel staircase in Taylor University's new science complex and metal trim and balconies on suburban shopping malls and apartments.
All fabrication is completed in HG Metals' east side Indianapolis shop. Some are assembled in house while others are built on location.
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