Borrower: Jackson Auto Repair
Loan Amount: $110,000
Location: Orangeburg, SC
Project Type: Community Business


Christopher and Cathy Jackson of Orangeburg, SC wanted to own their own automotive repair business and knew they had the experience necessary to make it a success. Christopher and Cathy both had 20 years of experience in automotive repair and auto shop bookkeeping, respectively, and their son, Kobe, is ASE (Automotive Service Excellence) certified. The Jacksons planned to run the business together as a family, eventually passing ownership to Kobe. However, as a startup, they struggled to secure financing for their auto shop through traditional means.


The Jacksons were referred to South Carolina Community Loan Fund by the Orangeburg Small Business Development Center, with whom the Jacksons worked to complete their business plan and financial package. Cathy’s experience as a bookkeeper meant the Jacksons were able to quickly complete their business plan, the SCCLF application process, and provide accurate financials. SCCLF saw beyond the Jacksons’ startup status to their depth of experience and the value the business would bring to their neighborhood. SCCLF loaned the Jacksons $110,500, which allowed them to purchase the land and building where Jackson Auto Repair will be located.


The Jacksons’ new building is positioned on a busy thoroughfare and was for sale because the previous owner was retiring. By purchasing the space, the Jacksons are ensuring the building remains occupied and continues to serve residents who depend on it for car repairs. Jackson Auto Repair will also create three full-time jobs and a new business in a persistent poverty county. The greatest impact of this loan will be felt by the Jacksons, who have created an asset for themselves which can be passed down, creating generational wealth and stability for their future.

Read more recent loan closing announcements on our blog, or learn more about our community business lending program here.