The Problem:
Bourrie, who apprenticed under White Electric’s founder, Gord White, for nearly eight years, was given an opportunity to take over the company. Despite having his electrician license and the backing of White, he faced significant challenges in obtaining the necessary financing to purchase the business.
The Solution:
Community Futures Peterborough stepped in to help Bourrie, recognizing his dedication and passion for the business. We provided the financing he needed to purchase White Electric. Beyond this, we connected him to Kagita Mikam, a service assisting with the recruitment, training, and employment of Indigenous peoples in the region, which provided him with additional financial assistance and guidance in his first year of ownership.
Implementation & Results:
Due to the swift actions and support from Community Futures, Bourrie was able to secure financing promptly, which enabled him to take over White Electric. Maintaining the company’s original name in honor of its founder, he continued to serve existing clients, ensuring a seamless transition and retaining the company’s well-established reputation.
Testimonial:
“I’d probably still be trying to find financing if it wasn’t for Community Futures. They made things happen on a very fast and very prompt schedule,” says Bourrie. “Their support went well beyond financing. Through them, I was introduced to Kagita Mikam, which provided additional financial assistance and will guide me through my first year of ownership.”
Conclusion:
The success story of White Electric is a testament to the power of passion, dedication, and the right support. With the help of Community Futures Peterborough, Brad Bourrie was able to step into the role of owner and ensure the continuity of a beloved local business. It’s a win for all – for Gord White, who could retire knowing his business was in good hands, for the existing clients who continue to receive great service, and for Bourrie, who achieved his dream of owning a business.
Are you an entrepreneur with a unique business idea? Community Futures Peterborough is here to support you.
We provide comprehensive business counseling and flexible financing to help you turn your ideas into reality. Let’s grow together.
Call us at 705-745-5434 to learn more about how we can assist you in achieving your business goals.