“It was huge. Getting that loan at an interest-free rate allowed us to get the project done rather than doing it piece by piece.”
Lindsey Richards always wanted to own a business.
Business is a perfect fit for Richards, who has vast entrepreneurial experience. She started working with her family at their own screen printing shop when she was 15. It wasn’t long after, Richards knew she would one day own her own shop.
Alpine Impressions in Spearfish remodeled their storefront with the help of SEDC’s Business Facade Loan Program.
Richards bought Alpine Impressions in 2002 and since, has grown the company to serve a statewide market. Richards credits part of her success to Spearfish Economic Development.
As a SEDC member, Richards was able to use the organization’s Business Façade Rehabilitation (BFR) Loan Program to help pay for costs associated with an Alpine Impressions face lift.
The BFR Loan Program provides funding assistance to help businesses in commercial districts with improvements such as:
- Facade Painting
- Repair or replacement of awnings, window treatments, doors and signage
- Architectural & engineering design
- Public access improvements including handicap accessibility
- Fire sprinkler improvements
“It was huge,” Richards said. “Getting that loan at an interest-free rate allowed us to get the project done rather than doing it piece by piece.”
The BFR Loan Program offers loans for up to $20,000 and are available to eligible property owners and/or tenants of commercial buildings. The interest rate is a maximum 6% per annum.
Alpine Impressions storefront was transformed from what Richards said was “sad” to inviting for Spearfish residents and visitors.
Richards’ business has grown tremendously over the years, she said. She employs four and eight years ago she added an automatic screen printer, which allowed her to grow Alpine Impressions market.
Because of her success, she encourages other businesses to invest in economic development and take advantage of assistance programs such as the BFR Loan Program.
“SEDC’s loan helps with the beautification of the city and also the small businesses we have in town,” Richards said.
SEDC member businesses interested in learning more can call the SEDC office at (605) 642-3832