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FEDA approves five loans | News, Sports, Jobs

Sentinel Staff Writer
FAIRMONT The Fairmont Economic Development Authority approved five loans Wednesday evening, four of which were directly impacted by COVID and one MicroLoan request.
Live Fit Sport and Wellness Center applied for a $25,000, 0 percent interest loan to assist with the offset of revenue and help pay the expenses as a result of COVID. The business shut down operations down in 2020 due to the governor’s executive orders. Live Fit is in their first year of operation. Collateral will include a blanket UCC filing specifically listing two treadmills and personal guarantees from owners Alex Schliesmann and Jennifer Moeller.
The Blazer Bar and Grill applied for a $25,000, 0 percent interest rate loan to offset the loss of revenue and help pay for expenses. Collateral will be a property owner Mark Atkinson owns located at 931 Albion Avenue along with a personal guarantee from Atkinson. ....

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Et Cetera | News, Sports, Jobs - Fairmont Sentinel

Man gives to needy
Kudos to Eric Leach for turning a personal negative into a group positive. Put out of work due to an injury, Leach chose to find a way to help others during his own time of hardship, by gathering donations and giving them to the elderly and families in need. As we approach the Christmas season, Leach serves as an example to all of us. While 2020 has been stressful and painful for many, let’s not forget that there are people still willing to help their fellow man.
Mental health aid
Human Services of Faribault and Martin counties will be offering free mental health first aid courses in the first three months of the new year. The courses teach people how to identify, understand, and respond to signs of mental illness and substance abuse disorders. The courses are sure to be a benefit to those who take them, as well as their friends and loved ones. Many people have struggled throughout this pandemic, losing businesses and suffering depression. We hope ....

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FEDA approves 3 loans | News, Sports, Jobs - Fairmont Sentinel

jbryan@fairmontsentinel.com
FAIRMONT Local businesses continue to seek assistance from the financial impact of COVID, with the Fairmont Economic Development Authority approving three five-year $25,000 loans at zero percent interest on Monday.
FEDA received $670,000 to establish a CARES Act revolving loan fund to help small businesses, those with 50 employees or less, in Martin County. Loans can be used for working capital, payroll, inventory, and utilities. Any money not loaned out after two years must be returned to the federal government, but funds that are used will stay in a local revolving loan fund as loans are repaid.
The loan application from Korte’s Bar & Grill of Welcome indicated the loan proceeds would be used for payroll, lease/mortgage, utilities and to purchase equipment and remodel the interior of the building. Required collateral will be personal guarantees from owners James and Diane Korte and business equipment including a 2012 Dodge Ram. ....

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City seeks input for downtown | News, Sports, Jobs

jbryan@fairmontsentinel.com
FAIRMONT If you have ideas on what would make a great downtown area, there’s a group of people that want to hear from you.
Revitalizing Fairmont’s downtown area has been at the forefront of many recent conversations, and a local group is in the process of collecting public input on the topic over the past few months, most recently with public discussions last month at the Fairmont Opera House.
“We had about 30 participants at the Opera House. We got some great feedback, and we’re actually looking for more feedback,” said Linsey Preuss, Fairmont economic development coordinator. ....

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