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Biz Buzz: EVC loans launch businesses

Several businesses are newly open or have expanded on the Central Coast this fall thanks to loans facilitated by a local nonprofit, the Economic Vitality Corporation of San Luis Obispo County.

The EVC provides services ranging from the “concrete, such as guaranteeing a business loan, to the less tangible, such as connecting a business with a potential investor, and everything in between,” according to chief executive officer Michael Manchak.

Over the past 13 years, the EVC has guaranteed loans and funded small direct loans worth a total of about $8 million.For 2010, some of those businesses include:

Peltier Glassworks in Paso Robles: Co-owned by recent Cal Poly graduates Adam and Marisa Peltier, who received a startup business loan from the EVC and a federal loan in partnership with Coast National Bank, the glass bottle screen printing company primarily serves the wine industry. It operates in a 4,000-square-foot warehouse in Paso Robles.

Morro Bay Appliance: Michael Mlnarik used an EVC business loan to purchase one of Morro Bay’s oldest running businesses. Started 40 years ago as De Sommers, the business provides sales and service of nearly all brands of washers, dryers, stoves, refrigerators, ovens and microwaves, as well as reconditioned appliances.

Pillow Talk of Paso Robles: The EVC provided a startup loan, in partnership with Mission Community Bank, to Ursula Crose of Paso Robles to start Pillow Talk, a retail business featuring women’s intimate apparel, sleepwear and accessories.

Aloha Ice Cream: Timothy and Cookie Buchanan used the EVC loan program to start Aloha Ice Cream, an ice cream truck offering 52 varieties of ice cream and serving Los Osos, Morro Bay and San Luis Obispo, plus special events throughout the county.

— Julia Hickey

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