Jesse Reese and Theresa Kent received loan assistance from the Southwest Initiative Foundation’s (SWIF) Microenterprise Loan Program to expand their current vehicle repair business, Jesse’s Repair, to become a new company – Brake Away Trailers & Auto Care. They also are moving to a new location, at 32587 US Hwy 14, just west of Sanborn Corners.
Jesse Reese has been in the repair business since 1991. He started as a small engine repair shop in a garage after high school. He moved to his current location at 31294 US Hwy 14 in 1996, where his business grew to include auto, truck repairs and diesel specialty work. Jesse is known for his work with Chevy Duramax heavy duty diesel engines and Allison Transmissions. Theresa has been assisting in the business since 2009. The business has outgrown its current location and building. Thus they purchased property for the expansion this summer, and have since put up a new building, which will increase their repair capacity over 200%. Brake Away will now also be an area distributor for Schaeffer Oil products, having been a satisfied customer of their products for a number of years.
A major part of the new business will include “Big Tex” trailer sales. Big Tex has offered them the Mankato Territory (50-60 mile radius) which includes Redwood County. Big Tex has a popular, high quality trailer line, to meet the needs of any of their customers. Brake Away Trailers will also be carrying a Quaility Built enclosed trailer line, to complete their trailer inventory. The addition of the enclosed line will be introduced soon.
Brake Away Trailers operating hours are Monday-Friday 8 a.m. to Noon, and 1 p.m. to 6 p.m., Saturdays 8 a.m. to Noon. Check out their website at www.brakeawaytrailers.com or call Theresa or Jesse at 507-648-3404, for information on a new trailer, or to schedule a vehicle repair and tires.
“SWIF is pleased to assist Jesse and Theresa with their business expansion and move to the new location” said SWIF Program Officer, Jackie Turner-Lovsness. “The new trailer sales business will be a good addition for the business, and the area communities.”
SWIF Loan funds were used for equipment for the business. Primary financing for the project and building was provided by First Independent Bank of Ruthton.
Loan programs have been a key function of SWIF since its inception as a way to support communities and businesses throughout southwest Minnesota. In 2001, microlending was added to existing programs as a tool to support small businesses and people looking for self-employment opportunities by providing market-rate loans.
Microloan clients receive free technical assistance from SWIF staff—all who have personal business experience—to improve their business management skills, from business planning to reading financials to marketing and other training opportunities for the life of the loan.
This microloan program receives funding assistance from the U.S. Small Business Administration and U.S. Department of Agriculture. For more information, contact SWIF at 800-594-9480, 320-587-4848 or firstname.lastname@example.org.