EDWARDSVILLE – A Madison County business is alleged to have defaulted on a loan.
National Funding Inc. filed a complaint on Nov. 1 in the Madison County Circuit Court against Daugherty Construction Inc., doing business as Demand Remodeling, and Dennis L. Daugherty Jr. alleging breach of contract.
According to the complaint, the plaintiff alleges that on Dec. 11, 2014, defendants obtained money from it through a business loan agreement with a guaranteed payment. The plaintiff claims the defendants allegedly defaulted and that a payment amounting to $51,000 plus interest at the rate of 5 percent per annum is still due and owing.
The plaintiff seeks judgment in the amount of $51,000 as of June 28 plus statutory judgment interest, plus attorney fees in the amount of 22 percent plus court costs, and for such other and further relief as the court deems fit and proper. It is represented by William W. Asa of Taliana, Buckley & Asa in Edwardsville.
Madison County Circuit Court case number 17-L-1501