JSDC approves Flex Pace loan
The executive board of the Jamestown/Stutsman Development Corp. approved a Flex Pace interest buy down for Custom Contracting in Jamestown. The $140,000 loan would reduce the interest rate on a construction loan for a new building for the business.
The loan is repaid to the JSDC after the original business loan is paid off.
“We’ve done business with them before and they’ve done a good job,” said Gary Riffe, president of the JSDC.
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