Ellsworth man makes use of stimulus cash to open new enterprise

ELLSWORTH, Maine (WABI) – Thousands and thousands of Individuals spent their stimulus checks in many alternative methods through the pandemic. Ryan Lounder used the cash begin his personal enterprise, at simply twenty-one years previous. Wednesday, he opened the doorways for the primary time.

“I’ve had a good quantity of individuals and I’ve had fairly a bit so far as gross sales go,” Lounder mentioned, only a few hours after his 8 am opening. “So it’s been fairly good.”

Lounder misplaced each of his jobs when the pandemic hit. So he determined to lastly chase his dream of working his personal enterprise. All he wanted was some start-up cash.

Then, the stimulus checks got here.

“I used to be ready to make use of that cash to assist get every thing,” mentioned Lounder. “I used to be capable of purchase some stock, after which to pay down my credit score, after which I took out a really small mortgage to have the ability to do the remainder of it.”

It wasn’t what each school age particular person did with their checks.

“Effectively, a few of them type of simply blew all of it, actually,” mentioned Lounder’s fiancee Autumn Mowery. “I did have some pals that have been good and saved it up, however I did have some pals that have been like, ‘Oh candy! Let’s go purchase every thing!’”

Ryan isn’t your common twenty-one year-old, nonetheless. His retailer, “207 Collectibles,” is promoting every thing from sports activities memorabilia to Magic: The Gathering playing cards, and something collectible in-between.

“I’ve at all times hated the thought of working for anyone,” he mentioned. “I’ve both needed to be in command of stuff or simply personal it. I didn’t actually suppose I used to be going to get it at this younger of an age, however this chance opened up, and I simply went with it.”

“I’m so pleased with him, mentioned Lounder’s mother Amanda Fitzsimmons. “I’ve at all times recognized him as very pushed. He’s at all times been one foot forward, at all times had huge desires. I’m simply actually excited to see the place this goes, and I’m proud to have the ability to watch him do it.”

You would possibly say dropping your job and utilizing stimulus cash to open your individual enterprise is a pandemic model of constructing lemonade when life arms you lemons.

Ryan says he has lots extra juice to squeeze.

“I wish to department out and do different companies as nicely. I clearly wish to preserve this going, however I’ve acquired another enterprise concepts I wish to try to run with as nicely.”

207 Collectibles is positioned on Eastward Lane, subsequent to the bowling alley, and can have an official ribbon slicing ceremony with the Ellsworth Space Chamber on Friday.

Copyright 2021 WABI. All rights reserved.

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