Nixon helps Columbia woodworker with state loan
Tue, 16 Feb 2010 22:34:29 GMT —
Gov. Jay Nixon visited a Columbia cabinet and toymaker on Tuesday morning to show off the success of his Missouri Small Loan Program.
Nixon launched that program last year in an effort to help small businesses expand and create more jobs.
Chris Heston said he is a toymaker in a cabinetmaker TMs body. That TMs because the owner of Columbia TMs Traditions In Woodworking Cabinetmakers has expanded his company by creating Timberworks Toys. Gov. Jay Nixon took a tour of Heston TMs business which got one of the governor TMs $24,800 state loans for small business.
Anytime you can borrow money and not cost you a lot in return is a good business decision," Heston said. "I encourage all businesses to use products made in America.
Heston TMs loan allowed him to buy more equipment and hire a fourth employee.
This isn TMt about finding an idea that will maybe work," Nixon said. "This is about trying to take existing small businesses and give them a shot in the arm so they can expand what they are doing.
As of now, more than 40 business owners have received a total of more than a million dollars through Nixon TMs Missouri Small Business Loan Program. An additional $894,841 remains from the original $2 million in the loan pool approved by the Missouri Development Finance Board.
You can apply for a state small business loan by clicking on the link below.