(L-R) Lesslie Messer (RED), Alicia Dahl and Nancy Verschoot (Richland Federal Credit Union).
Richland Economic Development is pleased to announce that the Revolving Loan Fund (RLF) committee has awarded its eighth loan for the purchase of an existing business in Fairview. Alicia Dahl was approved for a loan to purchase and make renovations to the former T & C Diner.
Alicia completed an application in partnership with her lead lender, Nancy Verschoot, Richland Federal Credit Union, and presented this project to the RLF committee for review. The funding request was to purchase the building, equipment, as well as remodeling costs for T & C Diner. The new business venture will be called Downtown Bistro.
Alicia explained that without the assistance of the RLF, it would have been very difficult to move forward and open Downtown Bistro. Alicia, as well as her sons, Parker and Connor, has experience in the food/restaurant business, and is excited about the services that she and her staff will provide to the MonDak region.
The RLF committee is pleased to assist Alicia in this business venture. The intent of the RLF is to offer an additional tool to support new business and business expansion projects. Nancy states, “When Alicia approached me about this opportunity, my first thought was, ‘This is exactly what the Revolving Loan Fund was created to do’. I am pleased that we are able to assist Alicia, and to help a business in Fairview as well. We wish her luck.”
Richland Economic Development encourages existing businesses and new business start up projects to consider the RLF as a resource. The RLF loan pool of $1,000,000 is not free money, but an investment made by the Richland County Commissioners, to assist in the development of business in our economy. The application and review process is achievable, and done in conjunction with the area financial institutions in Richland County.
If you or someone you know is thinking of expanding or launching a new business in Richland County, contact any of the local financial institutions or Richland Economic Development today for an application!
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