Michelin offers loans for start-up, growing businesses

Published 3:56 pm Friday, August 13, 2010

Michelin, located in Greenville, has a program through which the company offers low-interest loans to assist individuals in starting up or growing a business. Five-and-a-half-year loans are available up to $100,000. In addition, the program also offers free business support in the form of advice, seminars, and mentoring. Two of these sessions will be held in Landrum on August 25 and 31.

John Tully, Michelin Development Company president, will be available to discuss this program and the services offered. These sessions will begin at 9 a.m. and will be held in the Landrum City Hall Council Chambers, located at 100 N. Shamrock Avenue.

Anyone interested should RSVP to Steve Wolochowicz, Landrum city administrator, by August 18 so that organizers may know how many individuals to plan for. It is anticipated that these sessions will last approximately one hour.

City officials say they understand that many area businesses are having a difficult time dealing with the current economic slowdown. There are businesses that are currently participating in this program with Michelin in an effort to enhance their opportunities to be successful. Officials say they hope these sessions will be of help for local businesses.