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Metropolitan Archives LLC made history on October 21, 2009 as the first records storage company ever to host a visit and speech by a sitting President of the United States.

Joe Incarnato, President & CEO of Metropolitan Archives, introduced the President to an audience that included the Secretary of the Treasury, the Director of the Small Business Administration, U.S. Senators, Congressmen, the Governor of Maryland, and State Senators from Maryland.

Joe highlighted the company's journey from a start-up entrepreneurial venture to a small business competing with national companies.

President Obama then cited Metropolitan's use of a small business administration 504 loan to finance the purchase of the warehouse that resulted in business expansion and the creation of new jobs.

Here are some highlights from President Obama's speech:

Five years ago, this company was founded by Joe Incarnato, and shortly thereafter he was joined by his old fraternity brother, Doug Peters. They were two friends who had known each other since middle school. And today, their families took this company from an empty warehouse, to a small business that stores and delivers records for some of the largest firms in the world.

And the success -- the story of their success has been the story of small business owners all across the country -- men and women from big cities and from small towns who've had both a good idea and the drive to follow through on it; who've convinced family and friends to join them in taking a chance on a dream.

Now, these entrepreneurial pioneers embody that spirit of possibility and the tireless work ethic and the simple hope for something better that lies at the heart of the American ideal. And they've always formed the backbone of the American economy. They're the ones who've opened up the mom-and-pop stores and started the computer tinkering that's led to some of the biggest innovations and corporations in the world. After all, Hewlett-Packard began in a garage. Google began as a research project. McDonald's started with just one restaurant.

Last February, Joe and Doug were able to purchase the building we're standing in with an SBA loan -- an expansion that has already helped them retain 10 jobs, and one that will create 10 new ones in the months ahead. In fact, business is going so well that they're already hoping to expand again. But they need another loan to make it happen.

These are the kind of stories I hear from small business owners all the time. And they're the kind of stories that my unbelievable administrator for the SBA, Karen Mills, hears every single day. And that's why today, we're announcing new steps to support more lending to America's small businesses -- steps that will lead to more jobs, more growth, and a stronger economic recovery.

And the steps we've announced will make a difference for Joe and Doug, and all the folks who work here at Metropolitan Archives. In the past five years, you've done all that's asked of Americans who hope to pursue a dream of owning their own business -- you've taken a risk on a good idea, you've worked hard for your success, you've met your responsibilities to your employees and your customers. It's time that responsibility and that success are rewarded with the opportunity to keep growing, keep hiring, keep contributing to the success of your community and of your country. That's the opportunity we're providing today, and that's the opportunity I will continue to fight for as your President in the weeks and months ahead.