State Loans Approved for Area Firms: ; Monongalia, Monroe County Companies to Use Loans for Construction
Charleston Daily Mail › June 17, 2011
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Summary
The West Virginia Economic Development Authority has tentatively approved a $1.5 million loan to FMW Composite Systems Inc. of Bridgeport.
The loan would be for 15 years and would carry a rate equal to the rate on a 20-year U.S. Treasury note plus 0.75 percent. Authority Executive Director David Warner said that if a loan were issued Thursday with those terms, the interest rate would be 4.64 percent.See the full content of this document
Extract
State Loans Approved for Area Firms: ; Monongalia, Monroe County Companies to Use Loans for Construction
FMW plans to use the money to help finance construction of a facility in the Northpointe Business and Industry Park in Preston County. FMW expects to employ 12 workers at the Preston County site after three years.
FMW manufactures...See the full content of this document
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