Tyler business benefits from Microenterprise Loan Program
Mary Manson, owner of The Log Cabin Drive-Inn in Tyler, MN recently received loan assistance from the Southwest Initiative Foundation’s (SWIF) Microenterprise Loan Program for the final purchase of the business from its previous owner. Manson has been operating the business under a contract for deed since August 2004, successfully growing the business and serving the people of Tyler and the surrounding area with a full-service restaurant and catering services.
The restaurant features a full menu with homemade pastries, pies, soups and other foods. Restaurant hours are 6 a.m. to 8 p.m. Tuesdays through Sundays. The Log Cabin Drive-Inn can be contacted at 507-247-3430 to place an order or plan a catered event.
“Mary has done a fine job of building up this business, providing good food and good service, to meet the needs of the community,” said Microenterprise Program Coordinator Berny Berger. “SWIF is pleased to be able to assist this business.”
Proceeds from the loan will be used to purchase equipment and provide working capital for the start up of the service center. SWIF’s Microenterprise Loan Program offers loans of up to $35,000 for starting or expanding for-profit small businesses located within the 18 counties of southwest Minnesota. This program also now serves Wright, Carver and southern Stearns counties.
In addition to financing, SWIF provides free technical assistance to all clients who have received a loan through the Microenterprise Program for the life of the loan. SWIF staff and business consultants provide one-to-one business planning, accounting, marketing and other training opportunities that will help entrepreneurs succeed in their venture.
SWIF’s Microenterprise Loan Program receives funding assistance from the U.S. Small Business Administration and U.S. Department of Agriculture