John M. Birckhead and Christopher W. Mayeu founded Welbor Technology, Inc. in September 2003. The company engineers, designs and manufactures products for the oilfield services industry. The Community Business Finance 504 Loan financing, completed in conjunction with Wells Fargo Bank, facilitated the purchase of the land and building that Welbor was previously leasing. The 504 Loan allowed the company to stabilize its office space needs and provides room for future growth and expansion while minimizing the down payment required to purchase the building.