A limo business collapse during COVID-19
Mike is a self-employed business owner that owns a limousine company in Atlanta. Once the Coronavirus pandemic hit, Mike’s business stalled and he wasn’t able to bring in any income. In addition to a lack of business, Mike was hit with major engine and transmission repairs to the limo. These repairs cost thousands of dollars that Mike barely had saved aside. Hopeful for business to pick up after the pandemic effects, he decided that he needed to get the repairs done, depleting his savings which left him with no money to lean on as quarantine continued. He was unable to pay his rent in entirety by April.
Mike was able to come up with half of his rent money, and requested help from St. Vincent de Paul Georgia to help pay the rest. SVdP helped prevent Mike from becoming evicted, and felt that once he received his stimulus check that he would be able to cover any additional living expenses. Mike was also able to apply for a Small Business Loan (SBA) to help his business during these unprecedented times and he is now back on his feet.