|
Photo by Loretta Garcia
The Larremore Family obtained a direct loan
to start an equine service business with the help of Big Bend Region SBDC
Senior Business Advisor, Loretta Garcia.
|
Big Bend Equine Center
Jim and Mandy Larremore, Alpine
Jim and Mandy Larremore asked
Big Bend Region Minority and Small Business Development Center (SBDC) Senior
Business Advisor Loretta Garcia for assistance in putting together a loan
proposal for the purchase a 25-acre horse facility with 24-stall barn, round
pen, four pastures, hay storage and a 3 bed / 2 bath home, located @ 2703
West 90 in Alpine. They wanted to purchase and convert the property to an
equine center because they believed there is currently a need and demand for
a quality horse care center in Alpine. They are confident they can provide
quality care for stalled horses, and provide a safe atmosphere for riders.
The Larremore’s business will offer safe and clean stalls
with the ability to furnish feed plus feed and watering service for those
tenants that so choose, vet care, the
sale of feed to the public and to those tenants that care for there own
horse, access to riding and or training facilities (arena, round pen,
horse-walker and pasture), farrier services, training and/or training
consultations, RV hook-ups for tenants and weekenders, an arena where there
is a safe controlled environment for tenants to work or exercise there
horses, and provide practice cattle for tenants to use, as well as plans to
have barrel races, team roping, ranch rodeo’s, and 4-H paydays. Their
customer base will consist of college students (rodeo students), local
residents with nowhere else to keep there horses, travelers, and weekenders
during local events. They will reach their target market through
advertisements in newspapers, area chambers of commerce, radio, and word of
mouth.
With Garcia’s help, Mr. and Mrs. Larremore obtained a direct loan from
the Fort Davis State Bank and Lawson Allen, President, in the amount of
$137,300 and invested $150,000 of their own money toward this project. They
expect to be open for business by September, 2008.
|