Rick Heidecker has received assistance from Southwest Initiative Foundation’s (SWIF) Microenterprise Loan Program to open Classic Car Resurrection MN, LLC at 1140 Highway 7 East in Hutchinson.
Classic Car Resurrection MN will provide a range of auto repair services – rust repair, panel replacement, refinishing, auto parts service, brake work and more. Heidecker has 40 years of experience restoring cars, beginning in his father’s body shop.
“I do what I do in order to build relationships with people and make our community a better place to live,” Heidecker said.
For the last few years, he’s worked part-time out of his home while also being employed at 3M, where he plans to continue working as he gets his new business off the ground.
SWIF is providing technical assistance and loan funding to help Heidecker build his business.
“We’re excited to see Rick use his experience to grow this business and provide a really unique service,” said SWIF Economic Development Officer Jackie Turner.
Loan programs have been a key function of SWIF since its inception to support communities and businesses throughout southwest Minnesota. In 2001, microlending was added to existing programs as a tool to support small businesses and people looking for self-employment opportunities.
Microloan clients receive free technical assistance from SWIF staff to improve their business management skills. Areas of support include business planning and financials analysis, QuickBooks training, marketing assistance and other training opportunities for the life of the loan.
This microloan program receives funding assistance from the U.S. Small Business Administration and U.S. Department of Agriculture. For more information, contact SWIF at 800-594-9480, 320-587-4848 or email@example.com.
About Southwest Initiative Foundation
Southwest Initiative Foundation (SWIF) is a nonprofit community foundation connecting people, investing in ideas and building communities to create a southwest Minnesota where all people thrive. Since its founding in 1986, SWIF has distributed more than $78 million through its grantmaking and business finance programs. Learn more at swifoundation.org.