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Success Story Archive

clarks innClark’s Inn & Restaurant expands branding and seeks new markets

Winfield and Edward Clark have taken charge of their family business Clark’s Inn & Restaurant in Santee. Their father William “Bill” Clark and his wife Tricia have decided to turn the day-to-day operations over to their sons who are being assisted by Kittie Collier, a close family friend who serves as general manager.

The property belonged to Bill’s father and when the senior Clark returned from WWII he transformed the site into an opportunity to serve his community and travelers along Highway 301. Opened in 1946, Clark’s Inn & Restaurant later relocated near the new construction of Interstate 95 proving an astute move that positioned the business for success.

Winfield, kitchen manager, said, “We’re probably one of the largest employers in town.” While Clarks experiences the same high employee turnover of most hospitality businesses, Clark’s has people who have been with them close to twenty years and two that have been employed for more than forty years. They have retained 25-30 people for three years or more.

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News Archive

sba

LINC up with the SBA

By Cassius F. Butts, Regional Administrator, U.S. Small Business Administration

There’s a hunger among entrepreneurs to find financing to get their business off the ground or to take the next big step in their expansion plan. Across the country, thousands of small businesses are searching for term loans, equipment financing, lines of credit, invoice financing, and real estate loans to help them hire employees and grow. But, often it is difficult to find the time to seek that lucky break.

This is where technology steps in. Online matchmaking services pairing lenders with prospective borrowers comprise a multibillion dollar industry. Perhaps you’ve seen the TV commercial in which a creditworthy home buyer goes online and is delighted to find banks competing to finance her house. Small business lending is the next frontier for these matchmaking services. Using the power of the internet, commercial lenders are finding creditworthy small business borrowers, while entrepreneurs are finding loan officers who are ready to sit down and talk.

The U.S. Small Business Administration (SBA) not only supports this concept, we are actively implementing it. Recently, SBA Administrator Maria Contreras-Sweet announced a new SBA initiative called LINC (Leveraging Information and Networks to access Capital). Our matchmaking service will help entrepreneurs get a viable date with a lender.

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University of South Carolina South Carolina State University Winthrop University Clemson University

The U.S. Small Business Administration Frank L Roddey ASBDC