Treasure State Tuesday Spotlight - Farris Farm and Auto

Montana District Office 

u s small business administration

Treasure State Tuesday Spotlight*

Farris Farm and Auto

Scoby, MT

Celebrate Small Businesses

Montana SBDC

Farris Farm and Auto

"We have utilized the SBDC for many of their services from workshops to loan packaging assistance. They have been a valuable resource in purchasing our business."

-Mike and Steph Farris, Owners

After almost 25 years of being an employee at Carquest, Mike Farris went from spinning wrenches in the shop and helping customers at the front desk to purchasing the business with his wife, Steph. Farris Farm and Auto is a family-owned business passionate about delivering excellence in everything they do.

The couple was exploring the possibility of purchasing the business when Steph attended her first Quickbooks training. After the class, a lending partner suggested that she should reach out to Shandy at the Wolf Point SBDC for assistance in navigating the purchasing process. Shandy Moran, Wolf Point SBDC Regional Director, assisted Mike and Steph with business planning, financial projections, and cash flow analysis. Ultimately the plan they developed helped them secure the financial assistance they would need to make the dream a reality. The couple secured a commercial bank loan and additional financing through Great Northern Development Corporation, The Wolf Point SBDC's host organization.

Owning a business has challenged both Mike and Steph with role changes. Steph stepped in as the office manager and bookkeeper for Farris Farm and Auto. Mike shifted from being the full-time shop mechanic to the lead parts technician. He spends many late nights making sure clients receive superior service in the machine shop. Farris Farm and Auto supports the local ag community and finds themselves giving back through fair donations and event sponsorships. Looking back at his history in the store, Mike sees a lot that has changed in twenty-five years. However, the need for parts and quality customer service remains a constant for Mike and Steph.

Click Here to reach the Montana Small Business Development Center that provided this story.

*Treasure State Tuesday Spotlight stories are not an endorsement by the U.S. Small Business Administration (SBA) of any individual, business or organization.  The support given by the U.S. Small Business Administration to this activity does not constitute an express or implied endorsement of any cosponsor’s or participant’s opinions, products, or services. All SBA programs are extended to the public on a nondiscriminatory basis.

These stories are provided by the SBA Resource Partner network in Montana which includes the Montana Small Business Development Centers, Montana Women's Business Center, W.E.L.L. Women's Business Center, Veteran's Business Outreach Center, SCORE, along with the State Trade Expansion Program.

SBA Montana District Office