Summary
The Lazy Tiger, a beloved lodging and hospitality business near Asheville, was hit hard—but thanks to Partner Community Capital’s (PCAP) timely support, the business not only weathered the storm but also found ways to help its community recover.
When Hurricane Helene swept through Western North Carolina, it left behind widespread devastation, testing the resilience of communities and small businesses alike. The Lazy Tiger, a beloved lodging and hospitality business near Asheville, was hit hard—but thanks to Partner Community Capital’s (PCAP) timely support, the business not only weathered the storm but also found ways to help its community recover.
“The storm caused flooding that damaged our driveway, utility closet, and outdoor furniture,” said Ryan Appleton, owner of The Lazy Tiger. “But the biggest blow came from the economic impact. Hurricane Helene hit during peak fall tourism season—our most important time for revenue—and cash flow just dried up.”
With immediate financial stress and uncertain future revenue, Appleton faced a tough road ahead.
PCAP stepped in with a crucial debt service payment deferral program, giving Appleton two months of breathing room to focus on recovery instead of immediate bills.
“PCAP’s support was a lifeline,” Appleton shared. “It allowed us to think beyond the next few weeks and start planning for recovery and growth in 2025. Without their help, we would have been stuck in survival mode.”
Chief Lending Officer Erika McGilley, who lives in the Asheville area, emphasized the importance of providing flexible support to businesses in crisis. “Small businesses like The Lazy Tiger are the backbone of their communities, especially during disasters,” McGilley said. “By offering payment deferrals, we’re helping these businesses stabilize and set the foundation for long-term recovery,” she added.
Despite its own challenges, The Lazy Tiger stepped up as a community resource. While typical guests stayed away during the tourism lull, the business welcomed insurance adjusters, construction workers, and cleanup volunteers. It also opened its doors to locals, providing coworking space in the lobby and showers for residents without running water.
“After we got running water back, it felt great to help make life a little easier for folks,” Appleton said. “This storm really tested our optimism, but it also showed us how important it is to support each other during hard times.”
Fortunately, The Lazy Tiger is not only recovering but also preparing for a stronger future. “We’re rebuilding with resilience in mind,” Appleton said. “The businesses that survive this will come back stronger, and PCAP’s support has been a huge part of making that possible for us.”
McGilley echoed that sentiment: “At PCAP, we believe in empowering businesses to recover and thrive. The Lazy Tiger’s story is proof that with the right support, even the toughest challenges can lead to growth and opportunity.”
The recovery of The Lazy Tiger underscores the critical role PCAP plays in supporting small businesses, particularly in times of crisis. By offering tailored solutions like loan payment deferrals, PCAP provides hope and stability to businesses that are essential to the fabric of their communities.