DICK’S COLLISION, LLC – is a full-service auto body shop located in Plattsburgh. The clients were referred to the North Country SBDC by KeyBank to assist four employees wanting to buy the business from the current owner who was planning to retire. The bank required a detailed business plan and three years of financial projections to complete the SBA loan application. Joanie Spooner worked with director Karen Stehlin to complete the required documents. Karen also coordinated efforts between the clients, the bank and the attorney to keep the project moving forward. The four employees are now the new owners and are ensuring continuity of this local business.

ECONOMIC IMPACT: $1.3M and 10 jobs saved.

 

 

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The North Country Small Business Development Center is funded in part through a Cooperative Agreement with the US Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.