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Motion to Approve RBEG Revolving Loan Fund Application for The Vault Studio LLC
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The Vault Studio LLC is applying for the $5000 Rural Business Assistance Loan for a project at 129 E. Main St. The project includes adding equipment to operate a salon to include 2 shampoo bowls, 3 styling chairs, and 2 head spa massage beds.
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
The Vault Studio has submitted the proper paperwork and meets all of the requirements for this loan.