One Stop Blueprinting & Digital Copy LLC opened more than twenty five years ago in Brooklyn, New York. What started with a chain of One Stop Photo stores and a single blueprint reproduction machine has grown into a business with two locations serving clients throughout New York City and as far away as the West Coast and Europe.
One Stop Blueprinting, a company that specializes in wide/large format and color blue printing for architectural, engineering, construction and manufacturing clients had to find new space because it had outgrown its 650 square foot storefront.
One Stop Blueprinting partners Damon Victor, Steven Paschall and Michael Scandiffio were committed to Brooklyn and wanted to complement their other location (Sunset Park in South Brooklyn). They saw a new opportunity within walking distance of their leased space on McGuinness Boulevard. The new building at 158 Newton Street is five-times the square footage with opportunities to lease an additional commercial space and to build up with construction of additional floors for residential expansion for five apartments.
Paschall, who had previous experience with small SBA loans and had worked through the logistics of seven mortgages in the past couple of years, was reading an article in Crain’s New York Business and saw a list of banks with the most SBA loans. Inspired, he reached out to Anthony Morisi at TD Bank, who brought in NYBDC to partner on a 504 loan for a total of $900,000 to cover the purchase price and closing costs for the new building.
"The SBA 504 loan program was ideal as it provided 90 percent financing for the purchase of the real estate and closing costs," said Linda Zou, NYBDC vice president. "This allowed them to preserve valuable working capital necessary for the relocation and expansion of their business. The new location, so close to their prior location, allowed them to keep all employees and gave them the opportunity to retain all existing clients."
"We understand the important role that small businesses play in the communities TD Bank serves and we are excited to support One Stop Blueprinting as they create new jobs and grow their business right here in Brooklyn," said Anthony Morisi, TD Bank vice president. "TD has long been a leader in SBA lending and is committed to growing loan volume through a team of local lenders who make loans right in the neighborhoods where they live and work."
One Stop Blueprinting moved into its new space on January 1, 2013. The business stayed open through the move and the ongoing renovation and construction process and is expecting to post a 20% increase in revenue this year. The One Stop Blueprinting partners are keeping an eye on the future…looking at putting into practice the latest and best technology, incorporating environmentally friendly practices and reaching out to new client groups.
"Greenpoint is such a great neighborhood. We're seeing the largest surge in projects from artists and galleries. Because of our technical capabilities and the materials that we work with, we are producing beautiful posters, collages and large format works," said Paschall. "This is a long way from diazo processing (similar to traditional blue prints) but you never know where the next opportunity might come from. Our next investment will be in 3D printing."