Pete’s Mobile Auto & Truck Repairs, LLC
In the Percival Road community of Columbia sits a bustling auto repair shop. However, not long ago the shop sat vacant and falling into disrepair. Melvin and Sandra Wells of Pete’s Mobile Auto & Truck Repairs, who were leasing a building at the time, saw the space and knew they were ready to make the leap into purchasing property for their growing business. “Purchasing the building and having a foundation was a symbol for us,” says Sandra. “It was like a stamp to say we’re serious, and our business is solid.”
The Wellses struggled to secure the financing they needed to purchase and renovate the shop until they enlisted the help of their local South Carolina Community Loan Fund Loan Officer, James Chatfield. “We told him we were seeking to have our business in place for generations to come and to make an impact on the community,” says Sandra. “We see so many people in the community, including our sons, who are in need of good, decent paying jobs and it felt like we were keeping our talents to ourselves when we could be helping others.” Their vision of creating jobs and becoming a fixture in their community aligned perfectly with SCCLF’s mission, and so the SCCLF lending team worked with the couple for several months to provide the support and assistance needed to be approved for a $112,000 loan.
Melvin and Sandra re-opened Pete’s in the spring and have since been busy working to further establish themselves as leading automotive service providers within the local community and beyond. This new venture has allowed the Wellses to grow their staff, providing four additional jobs in the highly specialized field of automotive and freight truck service and repair. Further, the Wells family is providing affordable service to community members and truckers whose vehicles are their livelihood, spurring economic activity in an underserved Columbia neighborhood, and building an asset for their family which can be passed down through future generations.