After putting aside dreams of a professional basketball career, Antonio “Tony” Anderson opened his company Break It Down Towing with a $3,500 investment in a single tow truck. He spent ten years building his clientele and learning every aspect of the business. Proudly headquartered in Orange Mound for the last 17 years, the Melrose High School graduate has a proven record of service and dedication, but still struggled to get the capital he needed to expand his business.
When it was time to grow, the recession-induced wariness of most banks made it di cult to get additional nancing. When he met with Financial Federal, Anderson found a local partner willing to look beyond his balance sheet.
“As soon as we met Tony, it was clear that he was an industrious, creative entrepreneur with whom we were going to have a very productive and enjoyable banking relationship,” said Financial Federal loan o cer Ben Sutton.
A loan from Financial Federal funded a new tow truck that enables Break It Down to tow vehicles up to 30,000 pounds and, most importantly, be a leader in the local industry and Anderson’s own community.
“I couldn’t have built this business without the support of Orange Mound, and I want to give that support back to them,” said Anderson. “I want to show the kids that everyone has a chance to succeed. Sometimes things don’t go the way you expect, but the opportunities are still there. You’ve just got to put in the work.”
For more information on Break It Down Towing, contact Ben Sutton.