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Motion to Approve RBEG Revolving Loan Fund Application for D&A Real Estate LLC
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D&A Real Estate LLC is applying for the $5000 Rural Business Assistance Loan for an interior remodel project at 129 E. Main Street The project includes new flooring material and plumbing work related to updating the use of the commercial property for a salon.
LOAN PROPOSAL:
1) $5000 loan at 0% interest
2) Five (5) year loan term
3) Monthly payments, first payment due 11/15/2026
4) Loan to be secured by personal guarantee
D&A Real Estate has submitted the proper paperwork and meets all of the requirements for this loan.