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Boswell and USDA To Present Guaranteed Loan to Weiler in Knoxville

Posted: Tuesday, October 19th, 2010 at 6:37 pm
Author: KNIA/KRLS News-Samantha Smith

Congressman Leonard Boswell and members of the United States Department of Agriculture will be in Knoxville tomorrow morning to present a Knoxville business with a guaranteed loan that will be used to help the company with its current expansion. Weiler, which is currently expanding its workplace since purchasing land from the Knoxville Chamber of Commerce, will receive a check from Boswell and the USDA to help provide long-term financing through to guarantee loans the company has with Iowa State Savings Bank. The USDA’s Business and Industry Guaranteed Loan Program partners with lenders to back businesses in rural American. It gives lenders incentives to make loans to these businesses and gives the companies a better chance of receiving finances in order to move forward with their operations.