Baton Rouge, May 24, 2011 -- USDA Rural Development State Director, Clarence W. Hawkins, recognized Game Equipment, LLC as the "Business of the Year" and Bank of Montgomery as the "Lender of the Year." This event was held at the Governor’s Mansion in Baton Rouge. Both businesses were recognized by USDA Rural Development for their valuable contributions in utilizing program funds made available by the Business and Cooperative Programs.
"These two businesses have worked hard to strengthen our rural communities by providing avenues for job creation and economic growth in Louisiana," said Hawkins.
Game Equipment, LLC received over $3.2 million, which afforded them the opportunity to expand and meet the growing demand for renovations to their sugar cane hauling units. BizCapital, the small business finance arm of Advantage Capital Partners, was the lender for this project.
The Bank of Montgomery approved loans in excess of $29.8 million for rural businesses throughout the state.
USDA Rural Development’s mission is to increase economic opportunity and improve the quality of life for rural residents. The Louisiana USDA Rural Development Business and Cooperative Programs are located at the State Office in Alexandria. USDA Rural Development provides a full range of rural development credit services in rural Louisiana. The Louisiana USDA Rural Development State Office is located at 3727 Government Street, Alexandria, Louisiana 71302, and the telephone number is (318) 473-7920. There are four area offices located throughout the state to serve Louisiana residents. Further information on USDA Rural Development’s loan and grant programs can be obtained by visiting USDA Rural Development’s website at: http://www.rurdev.usda.gov/la .
USDA Rural Development is an equal opportunity lender, provider, and employer. Complaints of discrimination should be sent to: USDA, Director, Office of Civil Rights, Washington, DC 20250-9140.