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SBA Success Stories
Osceola Foods, Inc.
Osceola, Wisconsin

Project:
$582,000.00 to purchase and remodel a $1,440,000.00 facility.

Third-Party Lender:
The Riverbank

Jobs:
This project allowed the company to retain several jobs and create 9 new employment opportunites within the community.

 
 

The facility had previously been a grocery store that had been unable to maintain significant business to support its operation.  Douglas Rinehart was able to purchase and remodel the building adding several modernized amenities that the previous location had been lacking.

Business has been better than expected upon reopening the location and there was an immediate demand to add additional staff.  The US Small Business Administration 504 Loan Program was instrumental in this project and its success.  Osceola Foods, Inc intends on creating 9 new job opportunities within the next two years.

 
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SPEDCO 3900 Northwoods Drive, Suite 225 Arden Hills, MN 55112 | 651.631.4900 toll free 1.866.977.3326 | Email: spedco@visi.com
2009 SPEDCO, Inc.