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Weiler to Receive Guaranteed Loan From the USDA

Posted: Wednesday, October 20th, 2010 at 6:28 am
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 this morning to help provide long-term financing through guaranteed 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 financing in order to move forward with their operations.

Boswell will then continue his stop in Marion County at the Pella Corporation where he will tour the facilities and hold a meet and greet with employees.