Grand County businesses benefit from Northwest Loan Fund
February 19, 2015
Windy Gap Logging is the latest Grand County recipient of a loan from the Northwest Loan Fund (NLF). When recent legislation made it tougher for small logging companies to operate, the Ranch Creek Sawmill in Granby found itself with limited raw materials to produce the lumber products for which it has become known.
Mike Jolovich, owner and operator, decided the best way to make sure they had ample timber was to create his own logging operation to supply the mill with the material it needed. His plan included the purchase of logging equipment, and additional staff to operate it.
Anita Cameron, Director of Business Development for the Northwest Loan Fund, was introduced to Jolovich and assessed the situation. Anita visited his operation and talked to him about his ideas; she was convinced the NLF could help. She coordinated the efforts of Grand Mountain Bank, the Forest Service Loan Fund, and the NLF to accomplish the financing needed for the new Windy Gap Logging operation.
Windy Gap Logging has hired several new employees and is still accepting applications including an experienced Harvester Operator. Inquiries should be directed to Dan Jolovich at 970-887-9225.
When asked about his experience with the NLF, Mike had this to say, "I've never met a more honest, diligent, hard-working individual than Anita. She has a genuine vested interest in the people she works with. She's a straight shooter and incredibly knowledgeable about her business. Whenever we'd encounter a hurdle, she'd just figure out how to move it out of the way. She's a great person to have on your side."
Early in 2014, Aircraft Technical Book Co. of Tabernash used NLF funds to expand into European Aviation (EASA) textbooks. This led to ATBCo. being chosen by SpaceTEC to develop curriculum and a certification for aviation and aerospace technicians.
The Northwest Loan Fund (NLF) offers business loans in the nine Northwest counties of Colorado. The NLF loans money for start-up and expanding businesses. Loans can be used for purchasing equipment, inventory, raw materials, existing businesses, buildings, and other business uses.
For more information visit http://www.NorthwestLoanFund.org or call Anita Cameron at 970-468-0295×119.
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