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Loans Awarded | SBA
Micro-Enterprise Loans | How
to Apply for a Loan | Micro-Enterprise
Technical Assistance Grants | How
to Apply for a Micro-Enterprise Loan
Loans
Awarded in 2003
The following
list includes loans awarded through the Southwest Minnesota Foundation's
Challenge/Revolving Loan Fund, the Technology Development Fund,
and the USDA Intermediary Re-Lending Program. A total of 25
loans were awarded through these programs, totaling $1,853,116.40.
The Business
Finance Program provides "gap financing" to eligible businesses.
This financing supplements the dollars provided by financial institutions
and investors and strengthens financial packages. Financing is intended
to compliment, not compete, with traditional financing sources.
The SWMF will not participate in a project that can be solely financed
through traditional sources. The SWMF actively solicits and promotes
partnerships with financial institutions in all projects.
| Recipient, Type of Business |
City |
County |
Donald
& Catherine Schwarz, dba Jonti-Craft, Inc.
Early childhood
furniture manufacturing |
Wabasso |
Redwood |
Berdette
Schoep, dba Clarkfield Enterprises, Inc.
Manufacture, sell
and distribute hunting, sports & work apparel |
Clarkfield |
Yellow Medicine |
Phil &
Debra Huisken, dba Rustrap Manufacturing
Manufacture molds
& dies for plastic heat sealing industry |
Edgerton |
Pipestone |
Hart Brothers
Properties, LLP (2 loans)
The Computer Man,
Inc. & Hart Heating & Refrigeration |
Marshall |
Lyon |
Mesabi
Academy of KidsPeace, Inc.
Nonprofit organization
that provides correctional & educational programs for
juveniles |
Worthington |
Nobles |
Semper
Virens, LLC
Clinic that includes
allergist, dermatologist, psychologist & various support
staff |
New London |
Kandiyohi |
Allen Harms
Family Ltd. Partnership, dba Bedford Technologies
Plastic lumber manufacturer |
Worthington |
Nobles |
Brent &
Lori Rossow Horse Barn & Hunt Club
Sporting clay course,
hunting preserve and banquet hall |
Lakefield |
Jackson |
Steve &
Lona Lende, dba Lende Sign & Graphics
Produces and installs
quality custom signage & graphics |
Worthington |
Nobles |
Tinklenberg
Lumber of Edgerton (2 loans)
Supplier of lumber
and building supplies |
Edgerton |
Pipestone |
Michael
& Debra Peterson, dba Dayton's Bus Service (2 loans)
School bus service |
Grove City |
Meeker |
Pipestone
Building & Materials, Inc. (2 loans)
Lumberyard |
Minneota |
Lyon |
Ternae,
Inc., dba Southside Lumber of Clara City
Supplier of lumber
and building, remodeling supplies |
Clara City |
Chippewa |
Mountain
Lake Furniture, Inc. (2 loans)
Furniture manufacturer |
Mountain Lake |
Cottonwood |
The Pinske
Edge, Inc. (2 loans)
Manufacturer of tools for countertop
industry |
Plato |
McLeod |
Bergen Standahl, dba Bergen's
Prairie Market |
Milan |
Chippewa |
Lavaflow Interactive, LLC,
dba Identity Sports Marketing |
Luverne |
Rock |
James &
Renae Ries, dba Heartland Eye Care Center
Eye clinics in Hendricks,
Marshall, Canby and Dawson |
Marshall |
Lyon |
Berger
Insurance Agency, Inc., Charles Berger, dba Prairie House
Supportive Living Residence
Board and lodging
with special services for those in residential living transition |
Worthington |
Nobles |
25
Loans Totaling $1,853,116.40
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