News

Power Lift Increases Efficiency to Build Capacity

posted on Monday, January 14, 2019 in News

Power Lift, located in Jefferson, Iowa, received a loan from the IADG Energy Bank to purchase a Power Lift Machine Photo new CNC flat sheet and tube laser cutter. This new system offers increased capacity of both output and types of metal that can be cut, as well as improved quality control.

Power Lift is an innovative company that continues to grow. IADG supported this company as they consolidated five leased locations into one facility, later purchased that building, and then expanded the footprint to add a showroom and offices. Midland Power Cooperative secured USDA REDL&G funds to support this expansion project. The  IADG Energy Bank is a revolving loan fund that is focused on making loans to businesses and industries for qualifying energy efficiency projects within Iowa. Preference is given to manufacturers. Loan amounts range from $50,000-$300,000. For more information, visit IADG.com/EnergyBank.