Thomaston Mills, Inc.’s (Nasdaq: TMSTA) President and CEO Neil H. Hightower today announced that Thomaston Mills, Inc. has completed a $10,000,000 twenty-year loan with WebBank to replace a portion of its high interest rate real estate debt. Two Georgia lawmakers and the U. S. Department of Agriculture (USDA) assisted the Company in obtaining the new loan, which was 90% guaranteed by the USDA’s Business and Industry Program and the North American Development Bank’s Community Adjustment and Investment Program (CAIP).
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