CRDC Provides SBA 504 Loan Program Assistance to Lakes Region Business Owner


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Engraving, Awards and Gifts, is a family owned business and for more than 20 years, father and son duo, Bob and Dana Powers have been working side by side. What started as a small award, and
Engraving, Awards and Gifts, is a family owned business and for more than 20 years, father and son duo, Bob and Dana Powers have been working side by side. What started as a small award, and trophy business has grown into a worldwide graphic design company that personalizes gifts, awards and special recognition items. 
 
"We have been growing and after 15 years of leasing space...it was time to own our own building," said Robert Powers, founder of Engraving, Awards, Gifts. "We looked around for property over the years, but couldn't find the right space. We knew however; our existing space here in Laconia worked for our needs."
 
"The project property sits on the banks of Lake Opechee; across the Bay is the Lake Opechee Inn and Spa," said Jennifer Boulanger, CRDC Loan Officer. "Although waterfront property is not typical for a manufacturer, this feature definitely provides a beautiful backdrop for creativity."
 
"Once we took ownership of the building, we made improvements, both internally for our employees, the business and externally for the community," said Dana Powers, who manages the business' daily operations. "The neighbors came down and said thank you for cleaning up. Operationally, we will able to expand into the additional space which we need since we manufacturer more and more of our own products. Our footprint went from operating in roughly 18,000 s/f to now having the ability to expand and really utilize nearly 39,000 s/f that we now own."
 
CRDC and NBT Bank partnered to finance the loan through  the SBA 504 loan program. 
 
Photo Caption: Dana Power, Engraving Awards & Gifts with Brad Croteau, VP, Commercial Banking, NBT Bank and Jennifer Boulanger, CRDC Loan Officer.
 


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