Rising Tide has granted just under $6 million in loans over the last 16 years—helping to save, support or expand more than 190 individual small business projects.
RTCLF loans have led to the creation and/or retention of approximately 635 jobs in variety of industries. Recipients have been business owners of everything from day care centers to restaurants to art galleries to retailers to professional service providers and more.
Numbers, however, don’t tell the whole story. Read the case studies below to learn more about our borrowers.
At 18, Otis McNeil couldn’t get a bank to give him a loan to start his business. Today, he has eight employees, a 5,000-square-foot multi-use office/warehouse space, a small fleet of trucks and all the equipment they need to deliver on just about any job.
Just Around the Corner
Still recovering from startup costs, strained by the recession, and turned away by her bank, Diane Bowers desperately needed a small loan to help make ends meet. With Rising Tide, she was able to keep her doors open and make the smart business decisions that would help it grow.
An injury forced Richard Nauman to forge a new career path – but after two years of unemployment he couldn’t get the startup funds he needed to make his dream a reality. Rising Tide helped him get started and provided guidance as his business transformed.
Johnnie Lustig’s Hotdogs
The Bethlehem Small Business Loan, administered by The Rising Tide Community Loan Fund, allowed John Lustig to continue his family legacy by opening Johnnie Lustig’s Hotdogs..