Ohio SBDC Helps Couple Make Racetrack Dream Come True

Jul 24, 2019 | News, Newsletter

Dan Bowerman
Ohio Development Services Agency

 

 

John and Kelley Chapman had their first date at Turn 4 at Midvale Speedway in New Philadelphia, Ohio. Today, they own Midvale Speedway, and they credit the Ohio Small Business Development Center (SBDC) at Kent State Tuscarawas for making it happen.

The couple learned the track was for sale, and they were determined to buy it. When they approached a bank, however, they were turned down. The couple reached out to SBDC advisor Steve Schillig, who helped them put together information to request a loan, and with his help, they were approved just a few days later.

The no-cost counseling available from the SBDCs’ Certified Business Advisors can make a big difference. If you’re a small business owner planning to apply for a loan or need business advice, reach out to your local SBDC.

To learn more, visit https://development.ohio.gov/bs/bs_sbdc.htm. To watch a video about the Chapmans and Midvale Speedway, click on the video link.