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Posts tagged: Business and Industry Guaranteed Loan

USDA Rural Development Loan Guarantee Improves Access to Local Foods in St. Peter, Minn.

The St. Peter Food Co-op has been a valuable asset to the south central region of Minnesota for over 31 years. I realized just how valuable as I sat down to eat lunch at the co-op recently.

General manager Margo O’Brien had just given us a tour and hosted an event to publicly recognize the USDA’s role in financing the new facility. After signing the closing documents on a loan guarantee through nearby Wells Federal Bank and Rural Development’s Business & Industry loan guarantee program, it was time for lunch. Read more »

USDA Administrator Visits the “Show Me State” to Review Business, Telecom and Broadband Investments

Anita J. (Janie) Dunning, Missouri State Director, and Jonathan Adelstein, RUS Administrator (center), painting the Ralls County PWSD No. 1 water tower

Anita J. (Janie) Dunning, Missouri State Director, and Jonathan Adelstein, RUS Administrator (center), painting the Ralls County PWSD No. 1 water tower

A three day visit to Missouri, the “Show Me State” allowed me to join Janie Dunning, Rural Development State Director, to see how rural areas benefiting from infrastructure investments made possible through USDA Rural Development programs and American Recovery and Reinvestment Act (Recovery Act) financing. Read more »

Rural Business and Cooperative Program Administrator Recognizes A Wisconsin Lender for Accomplishments in Business and Industry Program

Serigraph, Inc. officials give  Administrator Canales a tour of the operations at the West Bend Plant. The plant received a B&I loan guarantee through USDA and the Recovery Act.

Serigraph, Inc. officials give Administrator Canales a tour of the operations at the West Bend Plant. The plant received a B&I loan guarantee through USDA and the Recovery Act.

During these hard economic times we know that one of the best ways to help aid our Country in the recovery process is to assist and build businesses that create jobs, and spur growth. In Wisconsin, we had the opportunity to celebrate and highlight our successful efforts from the past year.

USDA Rural Development Rural Business and Cooperative Programs Administrator, Judith Canales, joined U.S. Senator Herbert Kohl and USDA Rural Development Wisconsin State Director, Stan Gruszynski, at a luncheon event honoring Ridgestone Bank in Brookfield, Wis. Ridgestone Bank was the number one Business and Industry (B&I) Guaranteed Loan Program lender in the Nation in 2010. Read more »

With Support from USDA Rural Development a South Dakota Company Expands

Through passion, hard work, and support from USDA Rural Development, Legend Air Suspensions has become a national and international success.  Rural Development South Dakota State Director Elsie M. Meeks and Area Director Tim Potts visited the owner Jesse Jurrens recently to celebrate the accomplishments of his business, Independent Cycle Inc., dba Legend Air Suspensions.

USDA assisted the business through a Business and Industry Guaranteed loan in conjunction with First National Bank, Sturgis, South Dakota.  Mr. Jurrens credits his refinance with the help of Rural Development, increased efficiencies, dedicated employees and internal cost saving measures that made the business not only stabilize but grow their net income this last year. Read more »

Through the Recovery Act, an Oregon Business, Small Bank Find Opportunity and Protect Jobs

A few years ago, RAM Trucking was mainly a hauler of building materials—but everyone knows what happened to the housing market. Yet, RAM Trucking is still on the road and more resilient than ever.

To safely steer his company when the economy began to slide, President Dale Latimer applied a basic principle of driving in hazardous conditions:  When the weather gets rough, keep your tires inflated to the right pressure and make sure you’ve got enough tread.  In this case, getting enough tread meant restructuring the company’s financing and accessing working capital to position for opportunities beyond the construction arena. Read more »

USDA Rural Development Loan Guarantee Helps Business Maintain Equal Employment Opportunities for People with Disabilities

For the last 32 years, Minnesota Diversified Industries (MDI), a non-profit social enterprise, has been dedicated to providing job opportunities for people with disabilities.  Founded in 1964 by John DuRand as an Occupational Training Center, MDI transitioned into an Affirmative Business in 1978.  Company leaders wanted to provide people, specifically people with disabilities, equal opportunity employment.

MDI is an AbilityOne program through which government products and services are set aside for people with disabilities.  With locations in St. Paul, Grand Rapids, and Hibbing, MDI currently employs 131 people, 70 of which are people with disabilities. Read more »