Faribault Rental Has Been Local Staple in Minnesota for 30 Years

A murky economic climate has many business reeling, but then again, not all businesses have witnessed the ups and downs of the modern business cycle like Faribault Rental has.

It is celebrating its 30th birthday Wednesday.

Owner and operator Chuck Budde fondly remembers his first loan, taken in 1980 to buy the old rental facility in Faribault.

He took the loan at 18.5 percent.

"I was just happy to get one," he said, chuckling. "This isn't the first time I've seen tough economic times."

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