H D Electric Loans
Category: H-D Electric, Business, Cooperatives
Clear Lake Building and Rental Center is going through some exciting changes in 2016. The previous owners operated the business for 43 years and the business has been in the community for 50 years. The company's new owners, Daron and Dustin Kreger, are brothers who have worked at the business for over five years. The brothers will continue the same services the community has come to rely on and they will also be expanding services. They plan to add a full line of rental equipment and expand the hardware business.
H-D Electric Cooperative's Rural Electric Economic Development (REED) Fund was glad to partner with the bank and other regional loan funds to help the Clear Lake Building and Rental Center transition to new owners. The current owners are retiring and in small towns that can spell disaster for local business. But in this case not only are the brothers able to buy the business, they also plan to expand services. The REED Fund helps finance projects to help businesses and non-profits in rural communities.