A new professional driving school in Milton and a shipping container manufacturer outside Lewisburg are among the businesses recently awarded low-interest loans by a state agency.
A business group working under the names SJR-JLC, LLC and Reis Holdings, LLC, were approved for a 15-year, $164,000 loan, at a 2.75 percent interest rate, to buy the former Professional Driver’s Academy in Milton on Housels Run Road. The land includes a 20.25-acre plot used for driver training and an office building. The total project investment is $428,000.
Custom Container Solutions received a $475,000, 10-year loan at a 2.75 percent fixed rate to buy new equipment and machinery for its expansion into the former Crest Homes building in Milton, which has been unused since 2008.
According to the governor's office, the loan will allow Custom Container to "add additional product lines such as compactors, gondola trailers and hoists, and will include plasma tables, a small can production line system, welding equipment, crane modifications, and other equipment."
Custom Container Solutions had already received a $50,000 state loan for this project and has pledged to put $5.5 million into the expansion.
In Snyder County, a $29,000 loan to Almond Tree Senior Solutions is going toward improving and operating a recently leased 20,000-square-foot building in Monroe Township that is serving as an adult day services center. The total project investment is $122,390.
These loans come from the Pennsylvania Industrial Development Authority (PIDA), a bureau in the Department of Community and Economic Development that focusese on giving loans and lines of credit to businesses that are planning to create and retain "full-time jobs within the commonwealth, as well as for the development of industrial parks and multi-tenant facilities."