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Published: Friday, 4/2/2004

Financing for expansion of Malinta firm approved

MALINTA, Ohio - A local business planning a $400,000 improvement project has been approved for financial assistance from Henry County's revolving loan fund.

JAD Machine, Inc., may receive funding of up to $75,000 for seven years at 3 percent interest, the county Community Improvement Corp. said.

JAD, which makes screw-machine products, plans to expand its output capacity by buying new equipment. Three jobs should be created.

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