Success Story: Spearhead Construction LLC
Spearhead Construction, LLC has all the components for success and, through its relationship with NYBDC, it now has the working capital needed to power its growth. Owner Andee Hidalgo graduated from the U.S. Military Academy at West Point and after an Army career, she helped a friend with a renovation and realized her military skills translated well to construction. She earned a master’s degree in architecture and launched Spearhead.
Andee met the requirements for Minority- and Women-Owned Business Enterprise (MWBE) and Service-Disabled Veteran-Owned Business (SDVOB) certifications at the state and federal levels – an advantage for clients as well as for Spearhead. Andee identified key staff, but needed working capital to hire them. “NYBDC was a great fit because our loan officer was knowledgeable on offerings for startup companies that are also SDVOB and MWBE certified,” she explains.
NYBDC approved a $150,000 loan under its Veteran Loan Program. “We’re grateful to have a partner in NYBDC as we begin our journey,” Andee says. With capital in hand, Spearhead is bidding on contracts for transportation hubs, schools, medical centers, and casinos.