GREENVILLE, S.C. (Feb. 25, 2010)—Michelin has awarded four more businesses low-interest loans as part of its program to help jumpstart the economy and improve employment rates in upstate South Carolina.
Steam Force Car Wash, DW&K Transportation, Chic Chapeau II and FindCarolinaDentists.com have been selected to receive Michelin Development Upstate loans, totaling more than $120,000.
Michelin has dedicated $1 million for the economic development program, which provides funding and business expertise to socially and economically disadvantaged businesses throughout the region.
The companies selected for the loans include start-up, new and existing small-to-medium-sized businesses.
Michelin continues to accept applications for additional low-interest loans. Applications can be submitted online at www.michelindevelopment.us.
Carolina First makes and administers loans for the program, and works with the Michelin Development Upstate steering committee, a group of local business and civic leaders, to review loan applications.