SBA Regional Administrator to Visit Thriving Chicago Hispanic-Owned Firm

Warner Cruz received SBA-Backed Loans to Grow and Create Jobs

CHICAGO, Sept. 25, 2012 /PRNewswire-USNewswire/ -- Marianne Markowitz, Regional Administrator of the U.S. Small Business Administration, will tour JC Restoration Services (JCR)- a thriving disaster restoration company- on Wednesday, September 26, 2012.  The company benefited from SBA-backed loans that enabled the company's owner, Warner Cruz, to expand the facility, grow and create jobs.

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Regional Administrator Markowitz will highlight the Obama Administration's efforts to help Hispanic owned small businesses like JCR get the resources they need to grow and create an economy built to last. 

JCR is a second generation family-owned full-service disaster restoration company founded in 1982. In 2002, Warner Cruz took over the company and grew it to over $15 million dollars.  Today JCR has more than 70 employees, working from a state-of-the art facility financed with an SBA 504 loan.  Last year, the company had an amazing year of growth last year (33%).  The company's sales revenue increased from $13.8 million in 2010 to $18.5M in 2011.

JCR also played a key role in safe guarding business facilities during the NATO/G8 Summit this past May.  JCR received many property pre-disaster contracts for emergency response services.  The company continues to work with several non for profit organizations and First Responders to support charitable organizations.  

Since October 2011, SBA has provided over $35 million dollars in loans to Hispanic-owned small business in Illinois.

Release Number: 12-23
Contact: Carol Wilkerson (312) 353-7327
Internet Address: http://www.sba.gov/news
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SOURCE U.S. Small Business Administration