Case Study: Revived Iron Auto Repair opens with SBA financing from Stearns Bank

Revived Iron Auto Repair opens with Stearns Bank after 2 years of planning

The customer, Revived Iron Auto Repair, was a new auto repair shop in Stacy, Minnesota, started by Dallas Nestvold. His challenge was securing financing to transition from a home-based operation to a formal brick-and-mortar business, requiring guidance through the SBA loan process.

Stearns Bank provided an SBA loan to finance the building and car lifts for Revived Iron Auto Repair. The bank's hands-on approach and constant communication streamlined the approval process, making it easier than the customer anticipated. As a result, the business opened successfully in October 2019, allowing the owner to achieve his dream and spend more time with his family.

Revived Iron Auto Repair