CRDC recently helped a local Penacook resident and successful business keep a local hardware store - local.
"I grew up in Penacook, and still live there today," said Ana McKenna. "One day I was wondering what was happening with the local hardware store...and then said to myself, I should buy that."
Sitting across the street from Fox Ace Hardware in a local coffee shop on Main Street in Penacook, Ana thought the building that housed the hardware store was a great piece of real estate to own. "I knew people in the area wanted to keep it a hardware store, and there's still a lot of potential to downtown Penacook so I said, why not."
Ana is already a successful business owner in Concord having started McKenna Dance Center thirteen years ago.
"I first reached out to CRDC through the SBA Lender Match because I really appreciated their mission of helping to revitalize communities," said Ana. "Merrimack County Savings Bank was pulled in because the previous owner, who had since passed had an existing mortgage with the Bank. It was great that CRDC and the Bank already had an existing working relationship. Both Jennifer from CRDC and Ryan from the Bank, oh my gosh, they were absolutely incredible to work with."
"It was important to Ana to purchase the building and keep it a local hardware store," said Jennifer Boulanger, CRDC Loan Officer. "She very much wants to continue to invest in her local community. CRDC and Merrimack County Savings Bank worked together to assist in the financing of both the real estate and the business. Ana was determined to keep all four full-time and two part-time employees of the hardware store, she even hired her Father who lives nearby to assist in the day-to-day business operations."
"I always had a good feeling about this place," said Ana as she looked around the hardware store and at her employees, we are all local, and we are all family."
The Fox Ace Hardware Team, Ethan, Darlene, Anna, Wayne, Dylan, Patrick, Ana and her son Cristian with Jennifer Boulanger, CRDC's Loan Officer and Ryan Frazier, Vice President, Commercial Loan Officer, Merrimack County Savings Bank.