Covenant Drug Testing
A helping hand in buying a business
641 E. Main St., Suite B Cortez, CO 81321
970-565-5402 Visit Website
The companies they serve are mostly Department of Transportation clients who must have a random drug and alcohol testing program in place to stay in compliance with DOT safety procedures. However, more and more Non-DOT companies are choosing to enter into drug and alcohol testing programs and they manage those as well. Their former employer closed on March 31 and they opened their new business, Covenant Drug & Alcohol Testing, LLC on April First. Sheila laughs, “We were really brave to open on April Fool’s Day, but we didn’t have a choice!”
She can’t rave enough about what a huge asset an SBDC Advisor was to them. They had never owned a business and didn’t know the first thing about a business plan, but they had an already existing customer base of 250 clients who transferred over with them. Sheila said, “The SBDC Advisor came to our office and asked us lots of questions and took lots of notes. He asked more questions and helped us write reports.” They worked together on spreadsheets and documents needed to get a loan through the Region 9 Economic Development Alliance. As a brand new business, they needed new equipment and expensive customized programs and QuickBooks. They wanted to rent the same building since that’s where clients were used to finding them. “Many times, we would work all day in our existing jobs, then work all night compiling the information the SBDC Advisor told us we needed for the loan. He broke it down into manageable sections. We’d get a few things done, then he’d give us more homework. We were on a very tight deadline due to the Region 9 meeting schedule,” Sheila shared.
She explained how usually writing a business plan can take months and they had just nine days to get it done.
“The SBDC Advisor was an amazing asset. Without him, we wouldn’t have known where to start. He held our hands through the entire process.”The SBDC Advisor was familiar with the Region 9 application and encouraged them to provide more detailed information in sections he knew were important. Sheila can’t say enough about how much she appreciated the help from the SBDC Advisor. “He was very encouraging and made himself available at all times to keep the process going. He checked in with us afterwards and congratulated us on our success.”