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County approves two economic-development loans: refinancing for Chart Welding and $35,000 equipment loan to Jeremiah Smith
Summary
The county’s economic development board sought approval to refinance a revolving loan for Chart Welding and to issue a $35,000 equipment loan to Jeremiah Smith Enterprises; both motions passed at the meeting.
Van Buren County’s economic development items moved forward April 10 after the board approved refinancing terms for a Chart Welding revolving loan and a new $35,000 equipment loan to Jeremiah Smith Enterprises, LLC.
Zack Morris presented the Chart Welding refinancing request. The company borrowed in 2018 to purchase equipment and later had pandemic-related business interruptions. Morris said…
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