UNDATED (KTHV) -- Aureus Research started from scratch, and now business is booming.
"We contract with pharmaceutical companies to perform clinical research trials," said Angie Allred, co-owner of Aureus Research.
For many years, Allred and her business partner worked for another company, but hoped to build their own.
"In 2008, we were both laid off and decided that was the perfect time to start our own business," Allred said.
They visited the UALR Small Business Development Technology Center.
"They were fantastic. We knew what we were doing in our jobs, but we didn't know how to start a business," Allred said.
In 2009, they opened Aureus Research.
"Business is great. We just moved in June to a bigger space. We doubled our size and hopefully we'll be hiring additional employees soon," Allred said.
On Monday morning, Allred received a congratulatory visit from the Small Business Administration of Arkansas and the Delta Regional Authority.
Chris Masingill, federal co-chairman of the DRA, stated that small business loans have been on the rise.
"This was a spike because we had new incentives and new programs through the Recovery Act and we want to make sure we not only get to that level, but more importantly, we want to have the same growth opportunites and some growth potential as in 2007, where we were at 290 million across the board in the Delta Regional State footprint," Masingill said.
Aureus Research started with a 7-A loan. Allred stated that if anyone has a dream of starting a small business, even in a tough economy, there are many ways to go about it.
"I think getting advice from qualified individuals is the key factor. And that's precisely what we did. We needed that input and they were able to guide us," Allred said.