Maywood, MO
A Marion County business is the recipient of a low-interest Missouri Linked Deposit Program loan, according to State Treasurer Clint Zweifel.
Brownell Woodworking in Maywood, which specializes in cabinets and specialty woodworking projects, has received a $13,500 load to expand its shop and purchase new equipment.
Brownell Woodworking will save an estimated $1,500 in interest over the next five years should it choose to take out loans for that period. United State Bank partnered to make the loan.
Since January 2009, northeast Missouri has received more than $117 million in loans impacting nearly 2,000 jobs and farmers, according to Zweifel.