Looking for a smooth path to growth? Take a look at where HandCraft has gone with Atlantic Union Bank at its side.
Back in 2007, brothers Keith, Jay and Jeff Nichols went looking for a new bank. Their existing bank, they felt, just wasn’t fully supportive of their plans to grow.
But with John Young – currently Atlantic Union Bank’s Regional President, Western Region – the family found a banker who was willing to work as hard as they were to build on the strong foundation their father had established when he launched HandCraft back in 1970.
John has been helping guide the Nichols family and HandCraft every step of the way by:
- arranging the financing that enabled HandCraft to purchase over $10 million in specialized laundry equipment while still maintaining necessary liquidity;
- putting together the real estate and business expansion loans they used to build a state-of-the-art facility on Cofer Road in Richmond;
- helping them expand their retail medical plant in Virginia…and build a new plant in High Point, North Carolina; and
- being a trusted advisor as they evolved the company from a hard-working local dry cleaning business into a leader in the sophisticated healthcare linen industry.
In addition, the Nichols family depended on John’s financial guidance and expertise as they reimagined and recreated HandCraft’s iconic original site into an adaptive reuse project that has won architectural awards while becoming a magnet for a commercial tenants.
“John Young is more than a banker. He’s a part of our inner circle,” HandCraft Vice President Jay Nichols remarks. “He and I probably talk at least three times a week – often more.”
It’s what John loves best – bringing ideas and what-if scenarios to clients – and then putting the team at Atlantic Union Bank to work to make them happen.
It’s just one of the benefits your business will experience when passionate bankers represent institutions with the financial strength and sophistication to quickly make things happen.
Do you have a plan or a goal to expand your business into new markets or new territories? Our Commercial Banking team can provide experience, expertise and hands-on guidance you need to take your business to the next level. By delivering better business banking, we enable you to focus on what you do best.
Give us a call at 434-970-1161 to speak with a Commercial Banking specialist.