On hand for the new ownership ceremony at Quick Change Oil were (from left) Veronica Melby, Leslie Messer, Jamie Mayberry and Tami Reitz. (Submitted photo)
Richland Economic Development Corp (REDC) is pleased to announce that the Revolving Loan Fund (RLF) Committee has awarded its 20th loan for the purchase of a business in Sidney. Jamie Mayberry was approved for a loan to purchase the "Quick Change Oil" business.
Mayberry completed an application in partnership with her lead lender, Veronica Melby, Stockman Bank, Sidney, and presented this project to the RLF committee for review. The funding request was to purchase the business, building and equipment.
Jamie is a veteran who began working for Quick Change Oil in 2022 with Frank Saalfeld. By 2023, Saalfeld stepped away from the day-to-day operations, turning the reins over to Jamie and her business partner, Tami Reitz. Over the past year, under their leadership, the business increased profits and has retained the dedicated employees.
The RLF committee is pleased to assist her in this business venture. The intent of the RLF is to offer an additional tool to support new business and business expansion projects. Melby said, "The RLF is such an amazing tool. Without assistance from the RLF, projects like this one would not be feasible."
REDC encourages existing businesses and new business startup 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 are 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 REDC today for an application!
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