“News – July 24, 2009”

Farm Tech Attendance Estimated at 80K

 

7/24/09 – It was a successful year for the 2009 Farm Technology Days.  Dodge County Farm Tech Executive Secretary Dave Frohling the early number indicates there were around 80,000 people through the gates during the three-day event. Last year, Brown County’s Farm Tech Days was cancelled halfway through because of severe weather. While rain did cause some headaches for organizers this year, Frohling says it could have been much worse. Farm tech Days 2010 will be held in Pierce County.    

 

Lawton Touts SBA Loan Changes in Beaver Dam

 

7/24/09 – State officials are urging small business owners to take advantage of new options for borrowing money.  Lt. Governor Barbara Lawton was at Northwoods Paper Converting in Beaver Dam yesterday to discuss expanded Small Business Association programs that help company’s access capital immediately and at cheaper rates. The American Recovery and Reinvestment Act includes the new appropriations to enhance existing SBA loan offerings. Changes include temporarily eliminating up-front fees on working capital loans; expanding funding for the SBA micro-loan program through September 2010; and increasing the surety bond guarantee program for large construction projects from a maximum of $2 million to $5 million. The ARC loans, which will be distributed directly by commercial lenders, are 100 percent guaranteed by the SBA and have no fees. Northwoods Paper Converting Chad Abel received a $987,000 SBA loan to expand his building operations, and $20,780 in fees was waived. Abel says they are hoping to add 10-30 new employees.  Business Stabilization Loans are also available for financially-vulnerable businesses in need of temporary relief to keep their doors open. This temporary SBA program will provide deferred-payment, interest-free loans of up to $35,000 to viable small businesses that need help making payments on an existing loan for up to six months.