Shaggy’s Restaurant Owners Announce New Home Buyers Program That Includes Cash Help for Down Payments
Chris Romano, market chairman of BancorpSouth, brought in a contingent of representatives specializing in second chance checks, secured credit cards, savings, car loans and home loans. They explained the different programs available to help Shaggy’s team achieve their financial and life goals.
When the question was asked, “Do you want to raise your hand if you want to buy a house but cannot currently qualify”, almost 30 people raised their hands!
“We want everyone to understand that if you want to buy a new house or a new car and have the commitment, Rimmer and I Will get there,“Ladner said, addressing his staff.” We recognize that for most of you the biggest hurdle is the upfront payment. But we want you to know that we are ready to provide 100% of your deposit in cash …whatever it takes to make this happen. To have hope!”
Covington added, “Every situation will be different, some of you will need credit counseling… and we will provide it; some of you will have to pay fees, and we will help you pay them; some of you will need cash, and we’ll provide that as well. “
Ladner and Covington are committed to supporting their employees throughout the underwriting process, including a commitment to their own personal credibility, to ensure that all Shaggy employees have a chance. In many cases, a “second chance” that they cannot get by simply walking into a local bank branch. “We stand behind our employees,” says Covington. “We intend to provide guarantees to help make them more credible in the eyes of bankers.”
Speaking to the group, Romano said, “Shaggy’s is a very strong and solid company. We have a lot of trust and respect for the operations of Ron and Rimmer and Shaggy’s and we have been banking them for ten years. We also trust each of you because you are part of what makes Shaggy’s so successful. “
In 2020, Ladner and Covington made a bold move to raise the internal minimum wage to $ 15 per hour and increase the base tip rate to an average of $ 7-8 per hour, plus they pay for full health / dental / vision benefits for all full-time employees. The average non-managerial employee at Shaggy’s earns between $ 35,000–$ 55,000 per year.
“We want to give our employees more than a job,” Ladner says. “We want to give them ‘a life’, hope, a future not only for themselves, but for their entire family.”
Covington adds, “We are creating real careers for people and making long term dreams come true! “
For more information on Shaggy’s, visit www.shaggys.com