A husband-and-wife team and their new car detailing shop are the first recipients of a North Side Community Federal Credit Union business loan.
Closing on a $15,000 loan in June, the Rolling Clean Car Wash was recently launched by Kevin Morris and Denise Buckman-Morris. The loan came from the $11 million North Side in Chicago through the Small Business Development Fund, which is provided by the Office of the City Treasurer.
The Morrises said prior to being approved for the loan, they were almost ready to open their doors but realized they needed some working capital to get the operation off the ground, according to the CU.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
