Richland Economic Development Corp is pleased to announce that the Revolving Loan Fund (RLF) committee has awarded its tenth loan for the expansion of an existing business in Sidney. Marci and Michael Albin, a brother – sister team, were approved for a loan to launch "The Lucky Buckle" in its new location at the Shops at Fox Run.
The Albins completed an application in partnership with their lead lender, Nancy Verschoot, Richland Federal Credit Union, (RFCU), and presented their project to the RLF committee for review. The funding request was for the purchase of inventory and fixtures.
The Lucky Buckle is a small clothing and gift shop with a little bit of western flare. It provides products such as: juniors, women's, and men's clothing items, fashion accessories such as jewelry, purses, belts, women's shoes, and baby gift items. They also offer home accessories such as candle holders, frames, wine glasses, wall décor, floral, and furniture. The Albins have also added a small coffee bar for convenience, and to enrich the shopping experience.
The RLF committee is pleased to assist Marci and Michael in their new business venture. The intent of the RLF is to offer an additional tool to support new business and business expansion projects. RFCU Nancy Verschoot, states: "We're glad to have the opportunity to assist with this project. The Lucky Buckle will do very well at the new location. We wish them the very best."
Richland Economic Development Corp 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 Corp today for an application!
Reader Comments(0)