Small Business Person of the Year Winner!
Quality Machine of Iowa
1040 Fourth Avenue
Audubon, Iowa 50025
Timothy GreeneThe machine tool industry has been through some very tough times but Tim Greene and his family have proven to be machine-tough, determined entrepreneurs, steady at the helm of Quality Machine of Iowa, Inc. In 1984, Tim’s father, the founder of the family-owned business, died suddenly. Tim, then 25, and a manager at the company for a year, was determined to keep the business in the family. He knew its equipment and processes needed an update if it was going to compete successfully with other businesses. One of the first things he did was secure an SBA-guaranteed loan to get the financing he needed to move the company to a new location in Iowa.
Quality Machine is an advanced manufacturing business that mills precision metal machine parts for such well-known internationally branded companies as Polaris, Toro, Arctic Cat, Bobcat and Eaton. Its products include oxygen conversion devices, military munitions for tanks, flares for helicopters, machined components, and service tools used for agriculture and automotive equipment.
Since the move, Tim has secured another SBA-guaranteed loan under the America’s Recovery and Reinvestment Act in 2009. Today, the company prospers with about $7 million in annual sales and employs 55 people full time.
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