Karade Gymnastics School, LLC

Ms. IyaSokoya Karade and Mr. Oloye Ifa Karade owned and managed a home-based family childcare program for a number of years. Over those years the childcare program as gained national recognition, serves as a resource for families in the community, and advocates for children on state and local issues.

But the couple still had bigger aspirations in mind. They wanted to create a program that offered children, and young adults, in urban cities an alternative to the usual sports and dance recreational activities. They envisioned a program that stressed development of self-esteem, disciple, creativity, and physical training. So out of this desire to serve was born Karade Gymnastics School, LLC. The school offers gymnastics instruction for children 18 months to 18 years of age. Ms. Karade was a competitive gymnast since high school and has been an instructor for USA Gymnastics, the governing organization of the national sport, since 2000. In order to turn their idea to reality the couple began conducting research and gathering information, they than prepared a business plan and finally approached the New Jersey Small Business Development Center @ Rutgers-Newark to discuss sources of financing and lending criteria. IyaSokoya and Oloye worked with the Center to fine-tune their business plan and identify a realistic funding source. The Center provided referrals to a number of lenders but the most positive feedback came from Jeff Bunin, a Loan Officer with Capital Lending Corporation. Jeff diligently worked with the Karade's to craft a creative financing plan that satisfied their needs at reasonable terms.

According to IyaSokoya "it was a pleasure working with Jeff, he offered strategies for financing the business and kept me posted on the status of my application on a daily basis". With the assistance of the R-N SBDC and Capital Lending Corporation Karade Gymnastics School, LLC is currently completing renovations on its new location at 583 Scotland Road in Orange, New Jersey.