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Motion to Approve RBEG Revolving Loan Fund Application for Rock River Apothecary LLC.
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Rock River Apothecary LLC is applying for the $5000 Rural Business Assistance Loan for remodeling project at 203 E. Main St. The project includes creating a functional kitchen in her store which will allow her to create more products and enhance/diversify her product line. The scope of work includes plumbing work to relocate a water line; installing cabinets, countertop, and trim; painting and installing wallpaper; and purchase and installation of new ice maker machine.
LOAN PROPOSAL:
1) $5000 loan at 0% interest
2) Five (5) year loan term
3) Monthly payments, first payment due 10/15/2025
4) Loan to be secured by personal guarantee
Rock River Apothecary has submitted the proper paperwork and meets all of the requirements for this loan.