Power Brokers, Inc. is a story of one man’s unusual idea that turned out to be a huge success. Owner, Jim LeTendre, originally rented a location for his business and in three years it was bursting at the seams. It was apparent that Jim’s vision was going to be a success. Power Broker’s business model is unique in that they sell motorcycles, ATVs, snowmobiles, watercraft, and related accessories on consignment – matching sellers with buyers. Located in Sioux Falls, South Dakota, Power Brokers has diversified consumer customers.
Utilizing FDDC’s SBA 504 program, along with a loan from First Premier Bank in Sioux Falls, South Dakota, Power Brokers constructed a new building, which their customers are enjoying as there are more units shown on the floor and a wider variety to choose from.
With a huge selection of inventory, knowledgeable staff, and a 90% success rate on selling people’s machines, it’s easy to appreciate their slogan: “Power Brokers, Inc…a better way to buy…a better way to sell.” First District Development Company wishes the entire Power Brokers team many more years of success.