Vetted Tech, Inc., an innovative additive manufacturing company based in Syracuse, NY, has partnered with the New York Small Business Development Center (SBDC) to fuel its growth in producing high-precision metal and polymer components. Led by CEO Michael Mowins, Vetted Tech leveraged the SBDC’s expertise in securing $1.47 million in financing, which enabled the acquisition of advanced 3D printing equipment crucial for its specialized manufacturing.
Assistance Provided
SBDC Advisor:
Paul Brooks
In 2019, Michael Mowins turned to the Small Business Development Center for guidance. The SBDC provided comprehensive support in developing a robust business plan, cash flow projections, and essential financial documentation that positioned Vetted Tech for funding. The SBDC’s expertise and network opened doors to vital financing sources, culminating in a combination of SBA-backed loans.
Through connections facilitated by the SBDC, Vetted Tech secured an SBA 504 loan of $525,000 from the Greater Syracuse Business Development Corporation and an SBA 7A loan of $946,000 from Key Bank in December 2019. These funds were pivotal in acquiring state-of-the-art 3D printing equipment capable of printing metal parts, laying the groundwork for the company’s growth in the additive manufacturing space.
Mowins continued to leverage SBDC support through 2022, refining business strategies and maximizing growth opportunities.
Vetted Tech Story
Vetted Tech, Inc., founded and led by CEO Michael Mowins specializes in creating high-precision metal and polymer components. Headquartered in Syracuse, New York, Vetted Tech addresses the growing demand for advanced manufacturing solutions, serving clients in various industries that rely on customized, high-strength parts.
Since its founding, Vetted Tech has pushed the boundaries of 3D printing technology, particularly in the area of metal additive manufacturing. Recognizing the potential of 3D printing to revolutionize traditional manufacturing processes, Mowins invested in state-of-the-art equipment capable of producing intricate, high-quality components. This technology has allowed the company to serve clients in industries ranging from aerospace to medical devices, where precision and durability are paramount.
** Our success stories focus on the work the SBDC has done with our small business clients and does not constitute an expressed or implied endorsement by the NYSBDC of the company and/or their products and services.
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