{"id":93650,"date":"2016-02-01T15:00:29","date_gmt":"2016-02-01T21:00:29","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=93650"},"modified":"2016-02-02T07:39:27","modified_gmt":"2016-02-02T13:39:27","slug":"jsdc-readjusts-eldermark-security-interest","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=93650","title":{"rendered":"JSDC readjusts Eldermark security interest"},"content":{"rendered":"<p>Jamestown (CSi) The Jamestown\/Stutsman Development Corporation (JSDC) Board of Directors has voted to make its security interest in a Jamestown firm secondary to a more recent Small Business Administration loan.<\/p>\n<p>Eldermark provides computer software and training for senior care facilities. It opened in Jamestown in 2010 and employs 11 people in Jamestown and 12 in Fargo.<\/p>\n<p>By taking a secondary security interest, loans from the JSDC to Eldermark would be repaid after the SBA loans are repaid if the business fails and its assets are sold to cover debts.<\/p>\n<p>The JSDC awarded $185,000 in grants to Eldermark in 2011. The JSDC could recall portions of the grants if the business were to stop employing people in Jamestown before April 2016.<\/p>\n<p>The JSDC also loaned Eldermark $120,000 in 2011 through the New Jobs Training Fund program. The loan is repaid with money paid as North Dakota State income tax withholding from the employees. Eldermark owes about $70,000 and is current on the loan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jamestown (CSi) The Jamestown\/Stutsman Development Corporation (JSDC) Board of Directors has voted to make its security interest in a Jamestown firm secondary to a more recent Small Business Administration loan. Eldermark provides computer software and training for senior care facilities. It opened in Jamestown in 2010 and employs 11 people [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":27116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,14],"tags":[],"class_list":["post-93650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-jamestown"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/93650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93650"}],"version-history":[{"count":3,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/93650\/revisions"}],"predecessor-version":[{"id":93653,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/93650\/revisions\/93653"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/27116"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93650"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}