Small business entrepreneur Gary Nguyen, founder of 24/7 Care at Home in Orange County and CDC Small Business Finance borrower, has been named the 2015 Small Business Person of the Year for SBA’s Santa Ana District.
The son of Vietnamese immigrants, Nguyen launched his comprehensive in-home healthcare service in 2007 and has grown the company into a $10 million-revenue enterprise. He employs 150 people and serves families in Orange, Los Angeles, Riverside and San Bernardino counties. Nguyen projects 2015 revenues of $20 million.
SBA financing became a vital resource for Nguyen beginning in 2013. With revenue and employees doubling every year, he wanted to consolidate three separate leased office suites. He turned to CDC Small Business Finance and the SBA-504 loan program to purchase a $1.7 million, 12,000-sq.ft building to accommodate his rapidly expanding company. Then, in growth mode again in 2014, he tapped SBA financing in the form of a $250,000 Community Advantage loan to cover operating costs and the hiring of new employees. Nguyen projects his business will create 45 new jobs over the next two years.
24/7 Care at Home’s reputation for excellent service has been amplified by prominent doctors and validated by winning the Pinnacle Quality Insight Customer Experience Award for three years running (2012 – 2014). Nguyen’s company was also recognized as one of the top 100 home health agencies in the United States in 2014 and 2013 (National Research Corporation’s Home Care Elite).