CRDC Provides Gap Financing to Retail Startup


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Growing a business from the ground up is exactly what a local entrepreneur did with the start-up of a retail, lawn, garden and pet supply store.CRDC recently provided traditional gap financing to

Growing a business from the ground up is exactly what a local entrepreneur did with the start-up of a retail, lawn, garden and pet supply store.CRDC recently provided traditional gap financing to help assist Jessica Michie with the purchase of land and an existing building at 2600 State Route 103 in Bradford.

“The 4,000 sf industrial building on the five acres of land was vacant and needed work, but Jessica saw the potential to utilize the land and the building to operate her new business, 5 Acres Lawn, Garden & Pet,” said Jennifer Boulanger, CRDC Loan Officer.

With her vision and the construction assistance of Matt, her husband/business partner, they completed the renovations and opened in time for the 2019 holiday season.

“We have had amazing support from the community,” said Jessica Michie, owner of 5 Acres Lawn, Garden & Pet. “Now that the inside retail space is completed, in the Spring we will turn our focus to outside with the construction of a greenhouse where we will offer annuals, perennials, vegetables, fruit trees and shrubs.”

“This will be a year-round business for Jessica and Matt,” added Jennifer. “Jessica has more than 15 years of professional experience in the retail garden industry and was recognized as a top performer in the Northeast by Agway. In addition to redeveloping a vacant building, she has brought additional jobs to the area. We were pleased to work with Sugar River Bank to help successfully provide gap financing to complete the loan.”

“We are thankful to CRDC who worked closely with the bank to create a loan package that we felt very comfortable with,” said Jessica.

Photo Caption: Jessica Michie, Owner, 5 Acres Lawn, Garden & Pet with Jennifer Boulanger, CRDC Loan Officer 



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