Scott and Jessica Wernimont, owners of L & A Systems, LLC, recently received a loan from the Southwest Initiative Foundation's (SWIF) Microenterprise Loan Program to assist with the purchase of Living Connected, Inc. from Ron VanDenBroeke.
Living Connected is a well-established electronic systems integration company located at 902 W. College Drive in Marshall that was started by VanDenBroeke in 2006. The business specializes in audio, video and security systems for both commercial and residential markets. Living Connected offers an integrated approach to installing and maintaining electronic systems with a focus on service, testing and monitoring.
Scott Wernimont has been the key installer and service technician for Living Connected since the business started and will continue to do installation and service, providing a seamless transition for customers and suppliers. He may be reached at 507-337-0057 for service or estimates.
"SWIF is pleased to be able to help with the transition of ownership of this business," said SWIF Program Officer Kurt Thompson. "Succession planning is important for all businesses to consider, enabling the continuation of our Main Street businesses and industries in southwest Minnesota."
Proceeds from the SWIF loan, together with funding assistance from the Southwest Regional Development Commission and Bremer Bank, will be used for the purchase of the business assets and working capital for the business. Scott and Jessica were assisted by Ruth Ann Karty of the Small Business Development Center at SMSU in Marshall, with the extensive business planning involved in this project.
SWIF's Microenterprise Loan Program offers loans of up to $50,000 for starting or expanding for-profit small businesses located within the 18 counties of southwest Minnesota. This program also serves Carver, Stearns and Wright counties.