Small Business Success | Edisto Tire & Lube LLC Loan

Date: April 15, 2024

With the help of South Carolina Community Loan Fund (SCCLF), Edisto Tire & Lube LLC recently closed a loan of $202,050. 

At the helm of Edisto Tire & Lube LLC is Cody Rhinehart, a driven entrepreneur with a passion for business development and management. Cody’s journey began in February 2020 when he became a franchise owner and authorized tools distributor of Matco Tools, laying the foundation for his entrepreneurial endeavors.

As part of his franchisee responsibilities, Cody underwent rigorous business development training provided by Matco Tools, completing 90 hours of mandatory initial classroom sessions. Armed with newfound knowledge and determination, Cody invested $50,000 in his initial inventory and embarked on a journey towards business ownership. His dedication and hard work paid off, enabling him to secure his mobile truck, backup vehicles, and trailers, effectively establishing Rhinehart Tools, LLC.

He also became the owner of Pitt Stop Tires, LLC. In his ventures he prioritizes maintaining a safe work environment, establishing strategic goals, and optimizing operational efficiency. His hands-on approach to leadership involves making critical managerial decisions, including hiring and performance evaluation, while steering the company towards long-term growth and sustainability.

Now, Cody has set his sights on expanding his business portfolio by acquiring the real estate and rights to a business currently within SCCLF’s portfolio. Jackson’s Auto, owned by Christopher and Cathy Jackson, has agreed to sell the business to their son, Cody Rhinehart. This strategic move not only demonstrates Cody’s entrepreneurial acumen but also reflects his commitment to building strong, enduring relationships within the community.

With the support of SCCLF, Cody is poised to realize his vision for Edisto Tire & Lube LLC, driving economic prosperity and creating opportunities for employment and advancement within the local community. SCCLF’s investment in Cody’s venture underscores its mission to empower entrepreneurs and stimulate economic development across South Carolina.

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