Live Breaking News & Updates on Feda Approves Five Loans

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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