AmeriStar gets federal loan through new initiative
MANKATO — A metal fabrication company in Mankato was among 22 small businesses to receive a loan through the new State Small Business Credit Initia...
MANKATO — A metal fabrication company in Mankato was among 22 small businesses to receive a loan through the new State Small Business Credit Initiative, which is intended to help small businesses grow and succeed. AmeriStar Manufacturing got a $492,000 loan through the program that is funded by the federal government. The business is on 9th Avenue, north of Highway 14. The loans announced this week come from two of the SSBCI programs DEED is implementing: one to help companies purchase automation equipment to increase productivity in light of Minnesota's historically tight labor market, and another to help innovative seed- and early-stage technology businesses take off and grow.