In 1994, David Rankin, who was studying to become an English teacher, responded to a postcard inviting college students to own a summer painting business. Married with two children, David jumped on the opportunity to earn extra income and by 1996, “retired” after one year of teaching and purchased his first three CertaPro Painters franchises. Since then, David has built his franchises into a family business with a family environment and 11 employees.
In the spring of 2020, David was introduced to John Walters from our SBA team by his attorney, for assistance in a partner buyout. While unsure that SBA financing would work for his situation, David quickly grew confidence that John and the team at First Commonwealth could not only provide the financing through the SBA, but also do so quickly.
"Everything was exactly what I was hoping and looking for,” said David. “I am a high communicator and while dealing with important transactions for my business, I want my partners to do the same. It was amazing working with John as we both truly appreciated our communication styles."
Together, David and John closed on the SBA acquisition financing within two months, allowing David to focus his time on managing the influx of residential business.
"I was not well-versed on the SBA, but with John’s support I was well-guided. He was available to give guidance and that’s where his high communication came in, simplifying the process."