Grant & Loan Awards: Turner County


Turner County

ESB Fund: $37,500

Awarded: 02/09/2007

Applicant: Colony Bank Ashburn, GA (Stephens Auto Works)

ESB loan guarantee to support building acquisition and business expansion for an auto mechanic shop in Ashburn. Scottie Stephens is a young auto mechanic who started Stephens Auto Works from his home. After two years the business grew, and the owner purchased a shop to repair, buy, trade and sell vehicles. The business contines to grow, and the customer seeks to purchase an adjacent building to expand the work area. The business currently employs 6 and expects to create 2 additional jobs.Colony Bank of Ashburn is the lender.

Total Budgeted Project Cost: $75,000

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