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Two Loans Approved, One Loan Closed
In August, the Loan Committee approved two loans:
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Jason
Howles Landscaping, LLC of Crawford County
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Meadville MFS, Inc. of Crawford County
The
Northwest Commission closed one loan
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Thompson Maple Products,
Inc. of Warren County received a $75,000 ARC loan for
working capital. The company will use the funds to purchase
raw material (logs) to make into high quality hardwood
products.
Dollars
available for loans
Funds are available in the Commission's Revolving Loan Fund (RLF)
to assist with financing an expansion project or assist with
financing a start up venture. The RLF can be used to
purchase a building or equipment. The current rate for the RLF is 4%
fixed for the term of the loan. A building can be financed for
a term up to 15 years and equipment (new or used) can be
financed for a term of five to seven years. The RLF program
requires a private match for the balance of the project
cost.
The Commission also has funds available in the Microloan
program. The Commission borrowed additional funds from SBA to
make funds available to finance machinery & equipment and
working capital. The rate for the Microloan program is 6% and
the typical term is three to five years.
Click here for a list of upcoming events available to small
businesses in the area!
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Export Sales Collection-Please
support the program & report to the Commission!
It is
the time of the year again for the Commission to reach out to its
active clients and ask them to report export sales achieved with
the help of the international marketing program.
Assistance
provided may have been in receiving export technical assistance
via training events or counseling, or by receiving a Market
Access Grant to help offset expenses while traveling overseas.
Perhaps, the client participated in one of the Commonwealth’s
trade missions, or exhibited in an international trade show
organized by the Center for Trade Development. Maybe the client
utilized one, or several, of the Commonwealth’s 20 foreign trade
offices for an agent/distributor search, to receive a market
research report, or a foreign company background check.
All the above
listed services are at no, or subsidized cost to the client. In
order to measure our program’s effectiveness and to ensure the
continuation of these valuable services funded by World Trade Pa,
this program is required to report on performance measurement
metrics. One metric is export sales resulting out of the
assistance provided by the program.
During the
last week of September, the Commission will start forwarding the
Export Sales Confirmation forms. The Commission will distribute
the forms electronically and ask its clients to complete the
requested information and return it. With this collection,
clients are asked to report on export sales which occurred during
the timeframe of April 1, 2011 to Sept. 30, 2011. For a
copy of the Export Sales Confirmation Form, please click
here.
Business
Development Mission to Mexico - November 7-11, Mexico City,
Queretaro, Guadalajara
Pennsylvania’s Center for Trade Development (CTD) invites you on
a business development mission to Mexico.
Mexico’s large
and dynamic economy offers export opportunities in virtually any
industry sector. Some of the top U.S. exports to Mexico include,
but are not limited to: airport & aviation, vehicle components,
plastics, building & construction, computer accessories,
education, electronic components, energy, environmental
technologies, telecommunication equipment, packaging equipment,
security & safety, transportation & ports.
As a mission
participant, you will receive pre-arranged one-on-one business
appointments with pre-qualified business partners, detailed
background information, logistical assistance, services of the PA
trade representative, and follow-up assistance after the mission.
There is a registration fee of $500.
Please click
here
for further information and registration.
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