NEWS RELEASE

FOR RELEASE: Thursday, October 17, 2013
CONTACT: Natalie Likness, Governor’s Office of Economic Development, 605.773.3301

Aberdeen Area Radiator Approved for MicroLOAN

PIERRE, S.D. – Aberdeen Area Radiator, a start-up radiator repair shop in Aberdeen, S.D., was recently approved for a MicroLOAN by the South Dakota Development Corporation.

“The low-interest financing programs are particularly beneficial to young entrepreneurs like Ryan,” said Gov. Dennis Daugaard. “It’s hard to create a business when you’re young and just starting out. I am pleased when our programs can help make entrepreneur’s ambitions into realities.”

Aberdeen Area Radiator has preliminary plans to open by Nov. 1.

“I’ve always wanted to be my own boss and own my own business. The low-interest rate on this loan will help me build my business,” said Ryan Dallmann, owner of Aberdeen Area Radiator. “I wanted to give people in and around the Aberdeen area more options when it came to their radiator needs. The South Dakota Governor’s Office of Economic Development has been very helpful setting me up with the right people to help my business succeed.”    

Aberdeen Area Radiator will start out as a sole proprietor company, but Dallmann is confident there is room to grow once business starts to take off.

“I’ll definitely need the help with bigger projects once my clientele builds,” Dallmann said.

Aberdeen Area Radiator will repair radiators for customers primarily in the agricultural and commercial sectors. Dallmann has been in the radiator business for more than 10 years.

For more information about the MicroLOAN South Dakota Loan Program and other financing programs offered through the GOED, please visit us on the web at www.sdreadytowork.com.

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