$40,000 small business loan
Mike’s Automotive and Mechanical Repair is a startup automotive shop owned and operated by Michael Stefano. Michael has worked in the automotive industry for 20 years starting as a technician and working his way up to general manager. When the opportunity for him to purchase the business he worked for fell through, Michael felt it was time for him to go out on his own.
The Rising Tide was able to provide a $40,000 loan for purchasing equipment and working capital.