Peoria Public Radio Staff
Fri January 31, 2014
Hick’ry Stick closing Elmwood location
“We’ve added more processes to it to allow for greater due diligence. Instituting a loan committee, a full application process that you would submit to any local lender. That application is then reviewed by staff and is then reviewed by the loan committee. So there are many checkpoints along the way,” Rothert says.
Rothert says the County is preparing to see how well the business can repay the remainder on the loan. He says the business has already repaid about $30,000. Rothert says Hick’ry Stick is keeping its Peoria location and restructuring to a catering-only business.