Co-op Secures Loan!
Great news. Your Placerville Natural Foods Co-op has just secured a much anticipated $100,000 loan from the Northern California Community Loan Foundation (NCCLF).
When the Placerville Natural Foods Co-op opened it's doors on October 29, 2011, we did so knowing that we were under capitalized, meaning we would still be in need of a cash reserve to help with ensuring stock availability, vendor payments and other cash flow necessities.
For the past 6 months we have been working with a non-profit community lending organization, the NCCLF, to obtain a loan or a line of credit in the amount of $100,000. The funds are to be used to purchase inventory, payment of accounts payable, operating expenses, and much needed capital improvements and equipment purchases.
In January 2013 NCCLF granted our loan! You can expect to see many new improvements in the store soon, including new signage, fewer out-of- stock items, new merchandising plans, a member suggestion/question bulletin, and new paint (along with our member-made new veggie art) on some of the interior walls and much, much more.
Our big thanks go out to Board Members Mickey Kaiserman and Bill Scrivani for shepherding this process through to success!
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