Lending
Small Towns
Shawn Fernau’s business journey didn’t go how he would have hoped. He rented a building for the first couple years of his business. After purchasing a building in 2016, the building caught on fire on Christmas Eve. His tools, which were inside, were a complete loss as well as the building.
Shawn was then introduced to the Center for Rural Affairs. He applied for and received a loan administered by the Center with funds provided by the Business and Innovation Act (BIA). With these funds, Shawn paid for extensive cleanup after the fire, and was able to put up a brand new building.
