FOR IMMEDIATE RELEASE
Wednesday, January 25, 2012

State Treasurer Clint Zweifel announces $113,500 in low-interest loans in Sullivan and Marion Counties

MILAN, Mo. – State Treasurer Clint Zweifel (ZWY-ful) announced today he has awarded low-interest Missouri Linked Deposit Program loans to Justin Brinkley, a Sullivan County farmer from Milan, and Brownell Woodworking in Maywood, which specializes in cabinets and specialty woodworking projects.

“Today’s loans tell the story of growth in Missouri – Justin and Brownell Woodworking are expanding a family farm and local small business,” Treasurer Zweifel said. “Justin is using his $100,000 loan to purchase livestock and help cover operating costs, such as feed and fuel. Brownell Woodworking is a two-man operation that is using its $13,500 loan to expand its shop and purchase new equipment, increasing production and revenue. Every day, I am approving new loans throughout the state that are helping keep our farms and small businesses strong.”

Brinkley’s loan will save him an estimated $7,500 in interest over the next five years should he choose to take out loans for that period. UMB Bank partnered to make the loan. 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. Statewide, nearly $906 million in loans have been approved impacting more than 15,000 jobs and farmers.

About the Missouri Linked Deposit Program
The Missouri Linked Deposit Program is managed by State Treasurer Clint Zweifel. Missouri-based small businesses with up to 99 employees and farmers are eligible to receive a loan through the Missouri Linked Deposit Program based on lender underwriting standards. Additionally, local governments, housing developments and alternative-energy focused projects may qualify for the low-interest loans. About 130 lenders with 350 branches throughout Missouri use the Missouri Linked Deposit Program. An extensive list of participating lenders and program eligibility guidelines are online at www.treasurer.mo.gov/LinkedDeposit.