Imperial, Nebraska, Feb 21, 2012 -- Allo Communications LLC of Imperial, Nebraska is the recipient of a $1 million loan from Adams Bank & Trust of Imperial backed by a USDA Rural Development guarantee. The money will be used for fiber network expansion and connections in the three communities of Bridgeport, North Platte, and Ogallala serving the rural business in the area.
“The third financing with Adams Bank and Platte Valley Bank provides Allo with capital to continue the expansion of our fiber footprint and the purchase of equipment to connect the numerous customers that are requesting our internet, telephone, and video services. Allo is adding customers in Scottsbluff, Gering, Alliance, Bridgeport, Ogallala and now North Platte. The financing is a key component to Allo’s growth,” said President Brad Moline, Allo Communications LLC.
Brad Moline is a native of Nebraska who returned to his home state after living in a metropolitan area. He understands rural values and sees the opportunities for business in rural Nebraska.
“USDA Rural Development is pleased to assist Allo Communications, LLC in their efforts to bring quality telecommunications to rural western Nebraska,” said Nebraska State Director Maxine Moul, USDA Rural Development. “Technology is key for business and individual growth and economic development in rural communities. It allows rural businesses to compete in the global market, opens opportunities for home businesses as well as makes available educational opportunities.”
“Allo Communications not only employs a significant number of people in Western Nebraska, but Allo also provides the essential, communication infrastructure and services to Western Nebraska that allows cities to attract and retain businesses. Adams Bank & Trust appreciates Allo Communications’ services and we are thrilled to be a part of the expansion,” said Commercial Banker Amanda McGreer, Adams Bank and Trust.
Allo supports 45 jobs and will add 20 jobs with the expansion of service into Bridgeport and North Platte. The average hourly wage will be $21.85. Allo’s continued expansion could be a catalyst to help grow the Panhandle of Nebraska, decrease outmigration and increase the median household income.
Allo Communications received a USDA Rural Development American Recovery and Reinvestment Act Business and Industry Guaranteed Loan for $5.7 million in November of 2009. This funding provided approximately 35-40 miles of additional in-town fiber to Allo’s existing network. This network provided the communities of Alliance, Gering, Ogallala and Scottsbluff with the ability to have high speed internet. In September of 2010 Allo received another USDA Rural Development Guaranteed Loan for nearly $1.1 million to continue expansion infrastructure in Alliance, Gering, Ogallala, and Scottsbluff. Services included commercial and residential telephone, internet and video services.
Allo has been in business since 2003. It takes pride in offering state-of-the-art technology services and quality customer service to rural, small Nebraska towns. Allo is a facilities-based competitive local exchange carrier offering local, long-distance and broadband data services in the six communities it serves. Allo has deployed a state-of-the art local and long distance packet switch and over 75 miles of fiber in these towns. The network is a fiber-to-the premises design that covers 85 percent of the businesses and governmental entities in the six towns providing 200 mega bytes per second of bandwidth to each location. Allo controls the network from end to end. Allo has the capacity to increase their lines to 250,000 and is presently averaging adding 31 to 40 lines per week and offers higher internet speeds than its competitors.
For information on the USDA Rural Development Business and Industry Guaranteed Loan program contact Marla Marx at (308) 632-2195 ext. 1132 or email@example.com.