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BITEC Success Story

CityWide Development Corporation

BITEC SUCCESS STORY

BITEC Relocates, Expands with SBA 504 Financing from Citywide

BITEC CNC Production MachiningWith the help of an SBA (Small Business Administration) 504 loan administered by CityWide Development Corporation, BITEC was able to purchase and move to a new facility twice the size as its previous location. A custom precision machine shop owned by Beverly Bleicher, BITEC specializes in machining products for the mechanical testing, aerospace, defense, agriculture, nuclear, medical and petroleum industries.

Established by Bleicher in 1985, BITEC primarily serves customers in defense-related industries, including the US government. BITEC’s services include the manufacture of mechanical test specimens and composites, and custom CNC machining — all performed under an ISO9002 Registered quality system that meets the requirements of the Department of Defense, Department of Energy, and NASA . Over the years, BITEC has supplied complex components for the space shuttle’s main engine, aircraft brakes and wheels, tanks, defense systems, ships and submarines.

In addition to doubling the company’s previous work space, BITEC’s new facility at 220 Jersey Street provides better material handling capabilities and is closer to Wright Patterson Air Force Base, where many of BITEC’s customers are located.

Bleicher, the Miami Valley’s only minority female tool & die business owner, decided to pursue her dream of owning her own business following nine years as an Account Manager with Dayton Progress. Under her leadership, BITEC has earned the industry’s distinctive “certified vendor” status with many Fortune 500 companies, allowing the company to ship its products into its customer’s operation for direct inclusion into inventory.

Bleicher encourages other small business owners to check into CityWide’s SBA 504 loan program. “The services that CityWide and the SBA provide are invaluable to small developing businesses like mine,” she said. “Due to financial challenges faced by small businesses, these types of loan services are sometimes the only way a small business can access the capital required for growth. Ultimately, these loan programs do even more by strengthening small business, and that, in turn, will provide jobs to our local community."

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