Borrowing Time

Reprinted from article by Sheryl Jean, Business Section, St. Paul Pioneer Press, Sunday, March 21, 2004

Vomela Specialty Company, a St. Paul company that creates graphics for vehicles and digital signs, has acquired two troubled businesses since 2000. It merged those operations into it’s own to keep overhead low, owner Tom Auth said.

Now space is tight and business is starting to pick up, so Auth has talked with his banker about getting a new loan or tapping into a seven-figure credit line to expand and buy new equipment. He expects revenue to hit $50 million this year, up from $30 million three years ago, he said. “The best time to expand a business is when things are slow and your competitors are pulling back,” Auth said. “Because when things rebound, you’ll be ready.”

back to Headlines