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![]() SBA 504 Loan Program Effective Interest Rate Q & A Featured 504 Loan
CRF Loan Programs |
Featured 504 Loan: ImagiCorps, Inc. |
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Business Name: |
ImagiCorps, Inc. |
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Industry: |
Experiential Marketing Manufacturer |
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Project Location: |
Redmond, WA |
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Congressional District: |
WA 1 |
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Financing Purpose: |
Permanent take-out financing after the completion of a new 49,500 SF multi-purpose building |
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Eligibility: |
Both assisting a manufacturing business & rural development |
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Permanent Lending Partner: |
GE Real Estate |
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Interim Lending Partner: |
Pacific Continental Bank |
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Financing Structure: |
GE Real Estate: 57% |
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Holding Company: |
TS/3 LLC |
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Occupancy: |
87% |
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SBA 504 Loan Funding |
August 2008 |
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Jobs Created: |
25 |
ImagiCorps, Inc. is an S-Corp started in 1989 and owned 100% by Thom Hutchinson. ImagiCorps is an experiential marketing firm specializing in the design and production of custom retail displays and environments, temporary and permanent exhibits, interactive kiosks, promotional events and mobile tours. Experiential marketing utilizes brand recognition while engaging the customer with a high level of interactivity and sensory impact. The benefit of experiential marketing is that it creates a more personal level of engagement than other media. In addition to the products they manufacture such as wood and non-wood display, office and store fixtures and equipment, signs and in-store advertising (point of purchase), they also provide marketing consulting services.
Some of their earliest clients included Starbucks, where they built the cabinet and marketing systems for approximately 40 stores as Starbucks started to expand and went through their proof of concept phase. Since then ImagiCorps client base has expanded to include many other world renowned companies including Best Buy, Nike, Toys R Us, Microsoft, GM, ESPN, Coca Cola, ABC, American Express, Nintendo, AT&T, Xbox & ZUNE.
Susanne Hutchinson, Thom's wife, is Vice President of the company and is the Director of Procurement. Solomon Hutchinson, Thom and Susanne's son, also works at ImagiCorps as Project Management Director.
This project allowed the ImagiCorps to consolidate their operations from 4 separate locations into one well planned manufacturing base.
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