(Hales Corners, WI) — Overcoming early rejection from traditional banks, Adam J. Skenandore, realized his dream of starting and rapidly growing ANASA Traffic Control Services with the support of First American Capital Corp (FACC), a certified Native Community Development Financial Institution (NCDFI).
After developing a robust business plan for a comprehensive traffic control and restoration services company, two banks turned Skenandore away due to a lack of equity investment. Facing this obstacle, he explored options for Native American entrepreneurs and found FACC.
“When you become comfortable with somebody you know has your back, it’s a great feeling,” said Skenandore. “FACC jumped in offering assistance, doing everything they could to help make my vision a reality.”
FACC provided crucial financial backing after helping Skenandore adjust his plan to focus solely on traffic control services to secure funding. But their partnership went far beyond just financing.
With ongoing mentorship, connections to industry resources, promotion of his business, and regular strategic advisory, Skenandore grew ANASA from just two employees to 58 in three years.
“They’ve been a great partner, pushing me to connect with others and just promoting the company,” said Skenandore. “FACC’s support was life-changing.”
The success of ANASA Traffic Control Services spotlights the powerful impact Native CDFIs like FACC can have on Indigenous entrepreneurs facing systemic barriers to capital and resources.
By providing targeted financing options, business guidance, operational mentorship and networking opportunities, FACC empowered Skenandore to realize his business dreams through consistent, sustainable growth.
“Adam’s journey exemplifies the entrepreneurial spirit we aim to cultivate in underserved communities,” said Gary Mejchar, FACC Co-Executive Director. “With the right support system, achieving business success is possible.”
FACC continues its mission to expand economic opportunities for Native American entrepreneurs and businesses across Wisconsin. Those inspired by ANASA’s success story can learn more about FACC’s services at faccwi.org.
