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Friday, June 26, 2009

Provincial Loan Maintains Jobs

A St. Stephen company will be able to maintain 60 jobs in the town thanks to a provincial loan guarantee. The province is giving S-W-P Industries 1.4 million dollars in loan guarantees to be used as working capital.
The company produces fencing using eastern white cedar, spruce and Chinese fir-- and-- is a value-added re-seller of vinyl and aluminum fencing products. Company president Stephen Crabbe says this is a tough time for many businesses because access to credit has been severely limited by the global financial collapse.

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