Bennington Banner Newspaper Archives Apr 17 1965, Page 6

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Bennington Banner (Newspaper) - April 17, 1965, Bennington, Vermont Al Hennington Banner saturday april 17, 1965 Sim sen industries gets loan via economic Opportunity act by Bob Hagerman Montpelier a the Small business administration has approved a $15,000 loan to Sim sen industries inc. Of Bennington according to an announcement this week by William p. Geary acting regional director. The loan yet to be actually received according to Charles d. Senecal Sim sen president will be used for working capital and should result in. Some expansion of employment at the barely a year old Needles Trade company. The loan was described by Geary As a direct one that is without participation by private Banks and was authorized under the recently passed Federal economic opportunities act. As such Geary indicated the loan carries a certain unique status. Anti poverty act he explained that the Sim sen application for an economic Opportunity loan had been received a Short time after the Federal anti poverty legislation had been approved. At that time Geary said guidelines for approvals of this Type of loan had not been fully developed. But based on certain general criteria among them the fact that the loan would be expected to have a direct bearing on local economic opportunities by opening up additional jobs Sim sends application was approved. Under administrative pro Weld Wood for family rooms for care free Upkeep and lasting Beauty interesting Stair treatment features Short length Oak Weld Wood panels. Fireplace seat is topped with Matching Oak Weld Wood Cut to fit around the Stone. Pre finished surf Wood makes a handsome Wall and concealed bar. Stop in for free estimates and. Take a look at other id eau using u eld Good a . Dewey amp sons Mckinley St. Dial 2-6516 Bennington it. Beautiful Maple finish furniture Signet. A solid hut to Wood Frame a finished in Maple a Latex webbing Large selection of lovers 3 pieces Reg. S2hh in 229 434 main St. Bennington dial 7-7133 Cedres now developed Geary continued an area must first have organized a Community action group and that the group must have developed a general plan of Steps to be taken against problems of poverty in the Community. Before a businessman can now have an application for an economic Opportunity loan considered by the sea the Community s plan of action must first have been approved by the Federal Agency administering the program and the businessman s prospective use of his loan must be shown to fit into the Community a general plan. Employment about 40 Senecal said that employment at Sim sen has been running at slightly Over 40, though the company is now in what is expected to be a Brief a Between styles Slack period. A we have a Good volume of business booked for the fall a he said Quot and even if Only 50 per cent of this actually comes through we will be busier than we Ever have the company produces on a contract basis shirts and other garments some of them designed by sen Cal himself. Geary said that aside from the special economic Opportunity loan category there Are two other Basic types of loan available through the sea. One of these is the a a participating loan under which the applicant must first apply to private Banks for his needed funds. The upshot is that a private Bank May put up a part of the necessary loan with the sea loaning the balance. Geary explained that the sea under Federal policy is not supposed to compete with private Banks and for this reason a prospective applicant for an sea loan must first e x h a u s t private financing sources. For what Geary indicated could be a variety of reasons however an industrialist or businessman May not be Able to get a loan from private Banks in which Case he May apply for a a a direct loan from the sea. Geary said that a businessman May not be Able to get a loan from his local Bank simply because the Bank currently is Short on funds or for some other reason not related to the Bank a assessment of the risk. Thus concluded Geary an applicant for a direct loan a does no to come to the sea with a great Deal of prejudice against other state Loans other Loans to Vermont businesses issued through Geary a office during March were Brown Derby Motel inc. Of Montpelier direct loan of $140,000 Canfield printing co. Of fair Haven participating loan of $40,000 Champlain Container and Box corp. Of Burlington participation loan of $25,000 Corker Coal co. Of Montpelier participating loan of $30,000 Glen Crest foods inc. Of South Royalton participating loan of $250,000 pecks Flower shop of Morrisville direct loan of $5,600 and Vermont sport car Center inc. Doing business As b amp p rambler and sport car Center inc., direct loan of $15,000. The o new houses Given electric certificates officials of the Central Vermont Public service corp. This week presented Gold medallion certificates to two homeowners in the Bennington county area who have All electric Homes. This brings to about 130 the number of electrically heated Homes in the county. One of the recipients was miss Hilda Peacock whose White clapboard two bedroom House on Twitchell Hill in Shaftsbury commands a sweeping View of it. Anthony and the mountains to the East. The House was built by her brother George Peacock. The living room has a floor to ceiling Corner window facing South a Brick fireplace and indirect lighting. Between the living room and dining area which adjoins the Kitchen is a Brick planter built especially for mrs. Clarissa Peacock who lives with her daughter. They moved in about a year ago. The Kitchen has Birch cupboards. The second certificate went to or. And mrs. Robert Dewey of Frost Road Bennington. Their yellow Cape cod style House is known As a the bostonian a and was built by Colony Homes of South Glens Falls . The Dewey moved in on Jan. 23. The House has four bedrooms and two Baths upstairs. On the first floor Are a living room that runs the length of the North Side of the House a Kitchen family room dining room and Bath. Coppertone Kitchen appliances match dark stained Wood cabinets. The de yes have six children living at Home and one who is married. William t. Eddington Eddington joins wills Agency in real estate William t. Eddington has joined the expanded real estate department of the wills Agency it was announced this week by George w. Buck and Peter Don Avan or. Of that firm. The Agency engaged in real estate and general insurance since 1915, will continue in its quarters on South Street next to the Post office. Eddington a resident of 350 Elm St., is married to the former Deborah Sibley and both Are graduates of the University of Vermont. They have four children and Are lifelong residents of the area. Eddington served in the army from 1943 to 1946 and graduated from uvminl949. He then joined his father in the Chevrolet Cadillac Dealership and has been its president for the last eight years. A charter member of the Bennington rotary club Eddington is a director of the Bennington co operative savings and loan association and a director and member of the executive committee of the Bennington county Industrial development corp. The old timer Speaks it May be True that hard work never killed anyone but you never heard of anyone relaxing to death either. The latest equipment Kathy Berry demonstrates use of the new ism a typewriter in the Bennington High school business department during Beni a a annual Spring open House wednesday evening. Watching proudly Are Carlton w. Holmes and Robert e. Houle business teachers and mrs. Walter Berry Kathy s Mother. Buckler garage renovates Williams and Bugbee inc., local dealer for International trucks and rambler cars has begun a major renovation of its garage on East main Street. By the time work has finished according to Joseph f. Latif company president the Automo bile Agency will have a new showroom new office and a new parts room. Latif said that an open House will be held in conjunction with the grand opening. Whats going on of Nve Fil by Ca 201 South St. O store to dad see masonry tools fire Brick . Horn products All types water proofing products Morse c amp b Block North inc. Dial 442-2260 Hennington i t Swarc Bernz Matic Pencil flame Torch proud Moeft or. And mrs. Robert Dewey display a Gold medallion certificate Given them by Joseph a. Mcdonough of Central Vermont for their All electric Home on Frost Road in Bennington Village. At left is Benjamin Hulett of Shaftsbury the electrical contractor. Remove paint Putty solder gutters sweat Copper tubing Light charcoal fires was your heating Bill High this past Winter of the answer is yes Call Comfort heat and insulation in Bennington at 442-2010 or in Man-1 Chester at 362-1816 your area s Only professional insulation. We can save you 50% of that expense next Winter and keep you Home Cool this summer too. To find now Call now the answer for 101 jobs that need heat 6 49 Greenberg amp son inc. 321 main St. Dial 2-6325 Bennington contractors George Peacock at left built this House on Twitchell Hill in Shaftsbury for his sister Hilda. He is posing with Benjamin Hulett electrical contractor and Joseph Carroll of the Central Vermont Public service corp. Gerald e. Morrissey inc general contractors commercial Indus Ial residential land surveying a Iii Leech St. Bennington it. Phone 2-5701 or 2-2321 re roof theme roofing of All types easy terms 115 Pratt St. Phone 442-2317 Monument roofing amp Sheet Metal co. Bennington miss Peacock s electric Home George Peacock building contractor so. Shaftsbury it. Of you Are planning an addition to your business or Home or planning to build Call this number today 442-4941 appliance sales amp ser vice All popular brands of appliances we ser vice All makes of appliances Call today dial 442-5295 Star electric inc. Affiliated with Central radio amp electric of North Adams 506 main St. Bennington it. This is a Vinyl floor you Don i believe it t Hank you. Vermont natural look by design in Luran Regency by Sondura Vinyl floors so real looking you la want to reach Down and touch it. Vermont Flagstone has All the rugged new f England Beauty of the real thing. With All the wonderful ease of cleaning and Tough wearing characteristics of Vinyl. Install Vermont Flagstone in any room in your House. Even in basement playroom Ottil Ity room. Tough Vinyl scientifically embossed to hide any accidental indentations. Cleans like a dream. As stain free and As scrub free As a floor can be. No open seams when installed with Sandural a exclusive Luran Viny Weid. Dirt tight watertight seams. 4 95 see new lorb no Regency in new natural look patterns at our showrooms now 320 Elm Street furniture inc Bennington Vermont phone 442 5131

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