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Remote Solutions Receives Funding from NIACC JPEC Revolving Loan Fund

Wednesday, April 15, 2009   (0 Comments)
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Mason City, IA – April 14, 2009 – North Iowa Area Community College’s John Pappajohn Entrepreneurial Center (NIACC JPEC) announced that Greg and Jill Blank – Remote Solutions from Garner received $20,000 in funding from the USDA/NIACC JPEC Revolving Loan Fund.

“Remote Solutions was born out of a vision of providing quality patient care through the emerging technologies of remote monitoring of cardiology patients. As a company dealing with cutting-edge technology it’s been very helpful to work with Ted Bair and the people at the John Pappajohn Entrepreneurial Center. They’ve really been helpful as we wade through the necessary steps of starting a new business,” Greg Blank, Remote Solutions president, said.

Remote Solutions, a database management corporation, streamlines the remote monitoring process. By directly accessing patient data, Remote Solutions evaluates the information on a timely basis and presents the cardiologist with individualized patient reports. 

“The USDA/NIACC Loan has been a godsend for us,” Jill Blank, vice president of marketing and office manager, said.  “When Greg first told me of his idea for a business, I knew he was on to something really cutting edge. My biggest concern, however, was how we’d ever get the necessary start-up funding to make this dream a reality.  In the scheme of things, our loan amount needs were too small for a traditional SBA (Small Business Association) loan, but it’s huge for us.”

“Working with Greg and Jill in the development of their business from concept to the launching has been extremely rewarding. Remote Solutions certainly has the potential to become a substantial business as Medical Clinics and Cardiologists look for methods to help control ever increasing health care costs. We look forward to continuing our counseling relationship as they grow their business into the future,” Ted Bair, director, NIACC SBDC, said.

The NIACC JPEC received a $99,000 grant from the United States Department of Agriculture Rural Development to establish the Revolving Loan Fund.  Revolving Loan Funds assist businesses with the acquisition and development of land, easements and rights-of-way; construction, conversion, enlargement, repairs or modernization of buildings, plants, machinery, equipment, access streets and roads, parking areas, utilities and pollution control and abatement facilities; startup operating costs and working capital; and technical assistance for private business enterprises.

The John Pappajohn Entrepreneurial Center is located on the North Iowa Area Community College campus in Mason City and provides college level courses and degree programs in entrepreneurship, as well as consulting services for business start-ups and existing industries in the North Iowa region.  The Center also provides FastTrac ® training programs both for beginning companies and existing companies.  Space is now available for start-up businesses in the new NIACC Business Incubator.  For additional information or support services please call 641-422-4111.

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