State approves $110,000 loan to assist with construction of new shop
BALTIMORE, MD (February 10, 2016) – County Line Auto Repairs, a family-owned auto repair business located in Salisbury, is constructing a new shop and office space to better meet consumer demand. The company was founded in 2005 by James and Alisha Matthews and specializes in automotive repairs and maintenance work.
As part of the project, County Line Auto Repairs will construct two new buildings totaling 2,500 square feet. The shop portion will have the capacity for eight cars with four car lifts and an additional four non-lift workspaces. In addition to the buildings, new lighting and signage will be installed.
“For small businesses like ours, finding capital to help us grow was a problem. We are thankful that Commerce has loan programs for businesses of all sizes and different industries,” said Alisha Matthews. “This small business loan will enable us to expand our facility, provide service to many more customers, and hire new employees.”
To assist with the expansion, the Maryland Department of Commerce approved a $110,000 loan through the Maryland Economic Adjustment Fund (MEAF). With the improvements, County Line Auto Repairs is expecting to see sales growth due to increased business capacity and visibility, resulting in a potential addition of three jobs over the next two years.
“Commerce is pleased to assist this family-owned business with its expansion, which will help attract new customers and drive sales,” said Commerce Secretary Mike Gill. “Being able to work with businesses, large and small, and help them grow to the next level is one of the most important roles our Department can play.”
The Maryland Economic Adjustment Fund
is administered by Commerce and provides small businesses with funds to help upgrade manufacturing operations, develop commercial applications for technology, or compete in new economic markets. Manufacturers, wholesalers, service companies, and skilled trades are all eligible to apply and funds can be used for working capital, machinery and equipment, building renovations, real estate acquisitions, and site improvements. Funding assistance through MEAF is available to small businesses in all regions of the state.
About Maryland Commerce
The Maryland Department of Commerce stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing financial assistance to Maryland companies. The Department promotes the State's many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the Arts, film production, sports and other special events. For more information, visit www.commerce.maryland.gov