The City of Atchison’s E-Community Program is pleased to announce a new loan to Big Mike’s Auto Collision Repair located at 300 Main Street in downtown Atchison. Big Mike’s Auto Collision Repair, owned by Mike and Christina Lee, is receiving $30,000 in E-Community Loan funds coupled with financing from Exchange Bank and Trust to acquire the former Keimig Body Shop location and startup their new venture.
Since January of 2017, the Atchison E-Community Program has been offering gap financing loans for small business startups, expansions, and acquisitions. Everyday businesses like restaurants, retail, and auto body shops can use this locally controlled, revolving loan fund as gap financing to make their small business dreams come true.
Big Mike’s is the 32nd E-community loan processed by the City of Atchison. Those 32 loans total nearly $1.5 million in gap financing that has supported small business development in the Atchison community.
The funding for the E-Community Program is created through the sale of entrepreneurship tax credits, which are allocated to NetWork Kansas by the Kansas State Legislature. To learn more about the E-Community Program, contact Justin Pregont at justinp@cityofatchison.com.
Photo: Mike and Christina Lee with their family and team out front of Big Mike’s Auto Collision Repair.
The post E-Community Loan Assists Big Mike’s Auto Collision Repair appeared first on Locally Atchison Main Street.
Source: https://cityofatchison.com/news/e-community-loan-assists-big-mikes-auto-collision-repair/
