NECOG-DC Revolving Loan Fund Success Stories
IPSWICH LUMBER AND HARDWARE, LLC,
Rhonda Geditz had worked at the lumberyard in Ipswich for several years when she had the opportunity to purchase the business in 2016. It was also the perfect time for family member, Dustin Geditz to return to Ipswich and become business partners in the venture. Together, they have grown the business and made many improvements – all the while keeping a lumberyard and hardware store open in Ipswich.
BOLLINGER CONSTRUCTION LLC
When Tyler Bollinger was looking to start his construction business full time in 2014, he came to NECOG-DC for financing for equipment and start-up capital. Tyler has been operating a successful business ever since, working on both residential and commercial building projects. NECOG-DC was able to assist him in buying additional equipment in 2017. He also employs 5 people in Leola.
FREDERICK DEVELOPMENT CORPORATION
Leaders with the Frederick Development Corporation wanted an option for gas and diesel fuel to be available locally so people didn’t have to drive out of town just to fuel up. Their solution was building a fueling station along Highway 281, just on the edge of Frederick. They worked with North Central Farmers Elevator (now Agtegra Cooperative) to lease the facility and supply it with fuel, which has proven to be a winning solution for folks in the Frederick area. NECOG-DC, NESDEC and REED were able to offer permanent financing on the fueling station (with First National Bank in Frederick providing the construction financing).
Dayle Sundberg is an accomplished artist and interior designer. She specializes in modern original art pieces, eclectic, and one-of-a-kind repurposed and salvaged pieces for furniture or décor. When she decided to expand her business beyond her home, NECOG DC was able to assist her with financing for an art studio. In addition to her studio, Dayle also has items at the 212 Gettysburg Mini Mall.
Jeff and Lori Flinn opened Flinner’s Bar & Grill in Mellette in 2013 with a loan from NECOG DC. Utilizing financing, the Flinns were able to build a new building and establish Flinner’s Bar & Grill as a much needed food and beverage establishment in Mellette.