MBDA Facilitates Capital for Mountain Air Helicopters
Mountain Air Helicopters has been a client of the Albuquerque MBDA Business Center for 10 years. In FY 2012, they helped restructure Mountain Air's accounting methods to accurately reflect the company's net worth and net operating income. This enabled the owner, Dwight Jones, to secure a $4.1 million loan for the purchase of two new helicopters, and add two pilots and one mechanic to his crew.
Dwight Jones' love of flight and entrepreneurial spirit drove him to start Albuquerque-based Mountain Air Helicopters. Like most minority-owned businesses, getting off the ground was difficult due to repeated denials for business loans.
"The Albuquerque MBDA Business Center has been a key factor contributing to our growth and success. When we first came to the MBDA for help we operated with one leased helicopter because we could not raise enough capital to purchase one. We now own ten!" said Dwight Jones, President, Mountain Air Helicopters.
|Minority Business Community At-A-GlanceA|
|Business Owner||Number of Firms||Gross Receipts ($1000s)||Average Gross Receipts||Paid Employees|
|American Indian & Alaska Native||8,313||697,166||83,865||3,828|
|Native Hawaiian & Pacific Islander||134||7,700||57,463||91|
|MBDA CLIENT ASSISTANCE BY SECTOR|
|||Private Sector||Federal Government||State Government||Local Government||Not Disclosed||Total|
|Dollar Value of Contracts||$2,513,199||$22,638,002||–||$24,775,160||–||$49,926,361|
|Dollar Value of Capital||36,781,847||7,693,638||–||3,412,437||–||$47,887,922|
|Number of Contracts||5||20||–||7||–||32|
|Number of Capital Transactions||16||3||–||1||–||20|
|MBDA CLIENT ASSISTANCE BY INDUSTRY|
|Number of Transactions||Value of Transactions|
|Agriculture, Forestry, Fishing & Hunting||4||$1,905,426|
|Finance, Insurance & Real Estate||1||3,412,437|
|Transportation, Warehousing & Public Utilities||1||4,100,000|
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