Success Stories

Cimtex - Mission, BC

From day one when Darren Fulkco began working at Cimtex he and the owner discussed the potential of Darren buying the company. A year later he became a shareholder and in 2015, with the support of Community Futures North Fraser and two other Community Futures offices, Darren finally bought 100% of the company. Darren is a BCIT certified machinist with 30 years' experience. He was part owner of the company he worked at before starting at Cimtex and had long seen his career path as leading to owning his own company. 

The company works in industries that require high quality, tight tolerance parts such as aerospace and clean technology and these sectors are growing in the Fraser Valley. "We had 10 years of strong revenue and I didn't think I would be turned down by the banks , so when I met with Community Futures , they definitely helped out . " The value of the company buy out was above the typical maximum $150,000 of a Community Futures loan, but through a partners hip with two other CF offices we were able to put together a loan offer that work ed.

Contact

Community Futures British Columbia
C230-7871 Stave Lake Street
Mission, BC  V2V 0C5
  1-604-289-4222
 

About Community Futures

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