Art's Way Manufacturing Secures $956,000 Equipment Term Loan From Bank Midwest
Art's Way Manufacturing secured a $956,000 equipment term loan from Bank Midwest to finance a new fiberoptic laser and crane system. The loan has a 6.65% initial interest rate, resetting to 1-month SOFR plus 3.1% after 60 payments. The company aims to improve production efficiency with the upgrade, replacing a 2007 CO2 laser.


