The Auto Bolt Company
With over 65 years of experience in cold heading bolt manufacturing, Auto Bolt is a leading provider of automotive, military and other industrial fasteners. Based in Cleveland, Ohio, The Auto Bolt Company was the 2016 Economic Development winner from Growth Capital.
The Auto Bolt company, with over 65 years in the Cleveland area, was bought by the Kocian family back in 1996. With the vision of President and owner, Rob Kocian, it has continued to build and find success because of his commitment to his employees, customers and how the facility’s system and operations are handled on a daily basis. This means having the best equipment and state of the art facilities to continue to create their high quality products.
This is where Growth Capital comes in. To keep their facility running efficiently, Growth Capital and JP Morgan Chase Bank helped Auto Bolt secure six SBA 504 loans to buy their 10,000 square foot facility and additional manufacturing equipment. This has proven to be a good investment, as Auto Bolt has done nothing but grown in the time it has been working with Growth Capital. The company has been able to invest in highly skilled workforce as well as make its product higher quality, and more specialized.
Because of this growth and economic impact in the community, Auto Bolt received Growth Capital’s 2016 Economic Development award. Their workforce has grown 35% since receiving the loans and their revenues were up 55% in that same time.