The IADG Energy Bank continues to show great results. To date, the nearly $2 million Revolving Loan Fund (RLF) has supported 23 projects, with additional awards being made as loans are repaid.

Kol-Gol, located in Waukon, is a manufacturer of specialty wire-formed display equipment, including store displays, agriculture uses, gardening products, and custom designs. The company is a recent recipient of a loan from the IADG Energy Bank, accessing the program to purchase a new Bodor Fiberglass Laser System. This new laser cutter will replace several pieces of older equipment, streamline manufacturing, and reduce the outsourcing of processes to other companies, which will reduce transportation costs. In 2015, Kol-Gol, Inc. also utilized an IADG Energy Bank loan to procure and install an automated metal roller saw, which has since been fully repaid.

ENERGY BANK DETAILS:

• Target Sector: Manufacturing, Private, Industrial, Commercial Project types: Energy efficiency, renewable energy management systems, and energy feasibility studies
• Rate: Below market rate
• Term: 10 years or less Loan Amount: $50,000-$300,000

Visit IADG.com/EnergyBank or contact IADG President/CEO Bruce Nuzum (bnuzum@iadg.com) if you have questions about a potential project.