Grandest Goals: Small Business Dreams
“My grandest goal when I started MTC was to put my business in a situation to be able to buy our own facility,” explains Michael Trent Coates, owner of MTC Studio Designs. “It was a stretch goal that was achieved because Mountain West and Deseret First CU believed in me enough. The process was made as easy as possible through their teams help. Everyone I worked with there was great and always made me feel comfortable.”
Through an SBA504 loan, MTC Studio Designs recently relocated to a new location in Woods Cross, Utah. They also received additional working capital to help with growth and overhead costs.
About the Company
MTC sells high-end, bench made products to customer specifications. From drafting design, product construction and high-end finishing, the company has built a name in the industry by delivering on any design challenge their discerning customers present.
In January of 2010, Michel Trent Coates left the company he had help run for 14 years after deciding he wanted to succeed or fail on his merits and no longer leave his future up to someone else.
He built the company from the ground-up, getting a business license and doing local refinish work as he prototyped new products and prepared to enter the marketplace. Preparations included creating a small brochure featuring prototypes he had crafted and recruiting sales representation. Just a year and a half later, MTC was selling to designers in the area.
Growing, Growing, Gone
Coates says the biggest challenge in the industry is to create a relationship where someone is willing to give you a project.
“So we started offering what few other companies in our industry do,” he said. “And that is full custom work at reasonable prices. This has turned into our strength and why designers all over the nation come to us. To get something they can’t get from other manufacturers.”
This recipe has proven to be MTC’s strength and why designers all over the nation use them.
Coates says prior to the move to the larger facility, they had 15 employees. Currently, they’re at 20. “We grew 10% last year and [are] on pace to do the same this year. I would not have been able to do this without the additional space the new facility provided.”