Leadership & Resources
 

Loans Awarded in Fiscal Year 2006

The following list includes loans awarded through the Southwest Initiative Foundation's (SWIF) Revolving Loan Fund, the Technology Development Fund, and the USDA Intermediary Re-Lending Program.  Twelve loans were awarded in Fiscal Year 2006 through these programs, totaling $1,042,601.

The Foundation's loans are administered by Prairieland Economic Development Corporation (Prairieland EDC) , with the exception of the Micro-Enterprise Loan Program.  Prairieland EDC works with loan clients and/or bankers in the development of applications, review and analysis, closings, and servicing. 


The SWIF Loan Programs provide "gap financing" to eligible businesses.  This financing supplements the dollars provided by financial institutions and investors and strengthens financial packages.  Financing is intended to complement, not compete, with traditional financing sources. The SWIF will not participate in a project that can be solely financed through traditional sources, and it actively solicits and promotes partnerships with financial institutions in all projects.

  Grants
    2006 Grants Listing  
    Component Funds Grants  
    Valspar Grants  
    How To Apply  
  Loans  
    2006 Loans Listing  
    Micro-Enterprise Loans  
    How to Apply for a Loan  
    How to Apply for a Micro-Enterprise Loan  

 

Recipient / Type of Business City County

Ashwill Industries, Inc.

Start-up of a company that provides abrasive water jet cutting services.

 Hutchinson McLeod

C & C Vreeman, Inc.

Purchase of an existing Pizza Ranch franchise.

 Edgerton Pipestone

Jorzach, Inc.

Purchase of a building.

 Canby Yellow Medicine

Nobles County Developmental Achievement Center, Inc.

Construction of a new building.

 Worthington Nobles

Pro Tech Machining, Inc.

Purchase new facility and equipment.

 Darwin Meeker

RD Machine, Inc.

Purchase of equipment.

 Hutchinson

McLeod

Reading Bus Lines, Inc.

Expansion of busing services, with the purchase of four coaches.

 Reading Nobles

Rodman Machining & Design, Inc.

Purchase and improvement of a building, and purchase of equipment.

Jasper Rock

Stark & Sons Construction, Inc.

Purchase of an existing business.

 Buffalo Lake Renville

Willmar Fabrication, LLC

Purchase of equipment.

 Willmar Kandiyohi

Worthington Block and Tile, Inc.

Purchase equipment and vehicles.

Marshall Lyon

Zelaya Auto Sales

Purchase of a building.

Willmar Kandiyohi

12 Loans in Fiscal Year 2006 Totaling $1,042,601

 

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