Local business awarded $7.1 mil grant
class=”aligncenter size-full wp-image-43299″ src=”http://klax-tv.com/wp-content/uploads/2015/03/southerntextile.jpg” alt=”southerntextile” width=”500″ height=”224″ />A local business is awarded a $7.1 million loan guarantee from the federal government. It’s for Southern Textile on Masonic Drive and is owned by Samuel and Adam Rubin. The company provides textiles for hospitals, nursing homes, and other health facilities.
Fifth District Congressman Ralph Abraham says the money will be used to refinance debt, buy equipment, and renovate the facility.
The loan guarantee is through the USDA.
KLAX ABC 31 News 3/18/15