Shaun WhynachtBlue Cow Marketing Inc. · Founder of Blue Cow Marketing | Helping Small Businesses Clean Up Their Systems, Automate Their Marketing and Get Their Time Back

CBDC Profile - Pictou County Cycle

Name: CBDC Profile - Pictou County Cycle
Uploaded: 2013-10-18T20:44:31+00:00
Duration: 1 min 33 s
Channel: Shaun Whynacht
Description: In this interview, Clint Snell, owner and operator of Pictou County Cycle, describes his bike shop’s diverse offerings—including bike sales and repairs…

18 Oct 2013 · 2 min

Watch on YouTube

1:33

In this interview, Clint Snell, owner and operator of Pictou County Cycle, describes his bike shop’s diverse offerings—including bike sales and repairs, fitness equipment sales and servicing, and skate sharpening—positioning it as a one‑stop shop for the community. He explains the financial and advisory assistance received from the Community Business Development Corporation (CBDC), emphasizing the importance of lending and guidance for new entrepreneurs who cannot afford professional consultants. Snell discusses the significant financing challenges of securing bank loans, especially during rapid growth over the past five years and when opening a second location, noting that CBDC’s support was crucial throughout. Finally, he shares the most rewarding aspect of his business: fostering youth cycling through short‑track race series, highlighting a personal anecdote of a former young racer now aged 20 who returned to help at an event.

Chapters

Hi, I'm Clint Snell, owner and operator of Pictou County Cycle. It's a bike shop for everybody. We fix all makes and models, we sell fitness equipment, we service fitness equipment, we also sharpen skates, so we're a little bit of all trades. Services that we receive from the CBDC are mostly financial, but like the lending of money and stuff like that, but It's also the help that they offer along the way. They help guide you through a lot of the different steps, especially when you're first new. That advice is huge because you can't afford to pay somebody to answer those questions. Some of the challenges we face are— a lot of it is financial. Let's face it, to go to a bank and try to get money from a bank, it's a big deal. And as you grow, you need more money, and we've grown really fast over a short number of years, especially the last 5 years, and CBDC was always there to help. And even when we opened our second location and I opened it with a couple of other fellas, they were there again to help. The most rewarding thing with the business is, I think, is getting to see a lot of the youth grow into cycling, right? So over the years we've done short track series of races and stuff like that, and we've got to see the kids grow right through the a whole series of that. And even last night we put on another short track and one of the kids that started off when he was little was there to help me last night. And now he's 20 years old now, so.