Tuesday, August 14, 2012

Temporary Location & Loans

Details about our temporary location are still being finalized, but we're planning to make the Grand Marais Gateway Lodge our winter home.  The Gateway Lodge is located next to WTIP Radio at 1800 West Highway 61 on the west end of Grand Marais, Minnesota.  There is plenty of parking and it's easy to access.  Our store will be in the restaurant and we will have offices and back stock in a couple of motel rooms.  Space will be tight in the store, but we plan to offer most of the same products and services that we have now.  Our move in date will be sometime in October - we'll have an exact date once our financing and building plans are complete.  I'll keep everyone posted as we get closer to the actual move.

Owner loans are doing well.  We are past the halfway mark!  We now have $321,000 in loans.  Hopefully we will have $500,000 in the Credit Union by August 31st and $600,000 by September 30th.  If you're thinking of lending money, now is the time to give.  The 9 year term is full and the 5 year term is filling up fast so give us a call at 218-387-1939 if you would like to reserve space in a specific term.

If you would like more information about the building project, attend our Expansion Meeting at 7:00 PM on Tuesday, August 21st.  The meeting is being held at the 4-H Log Building by the Community Center. The building team from Builders Commonwealth and board members will be on hand to answer questions about the new building, our temporary space and the Owner Loan Program.  Coffee and cookies will be served.

Friday, August 3, 2012

Owner Loan Terms

Money continues to come in for our Owner Loan Drive.  We have raised $284,000 - almost half of our $600,000 goal!  Our 9 year term has filled, but we still have plenty of space in our 6 year - 8 year terms and there is still a bit of room in the 5 year term.  Interest rates range from 2-4%.  Give us a call at 218-387-1939 and reserve space in a specific term.  We would like to have another $200,000 in hand by August 31st.  Thank you.