UNION LUMBER GOMPANY

REDWOOD Tree Farmers & Manufacturers Mills: Fort Bragg, Leggett and Willits, California

SalesOffices: SanFroncisco Los Angeles . Chi,cago . NewYork

Member: California Redu;ood, Aeeociation

Lonn Progrom foAid Firms Buying Timber

A new prograrn to provide loans to small firms purchasing timber from national forests is announced jointly by the Small Business Administration and the U.S. Department of Agriculture. The program, developed jointly by the Small Business Administration and USDA's f,'orest Service, will provide small firms with funds for building access roads and thus reduce the strain on working capital needed for normal operating expenses.

Applications to SBA for road-construction loans will be accepted only from small business concerns who are successful bidders for national forest timber sales and who can meet the size, eligibility and credit requirements of the Small Business Administration.

SBA business loans may not exceed $350,000 in Goverment funds to a borrower, but loans of this type will also be limited to the amount of the F orest Service's estimate of the cost of construction of the access road.

Under terms of the agreement with the F'orest Service, the timber to be harvested will provide security for the loan and required collateral will be limited to an assignment of any assigrtable rights under the national forest timber sales contract between the borrower amd the F orest Service.

In case additional funds are required for any legitimate business pu{pose other than for construction of access roads, however, a regrrlar SBA business loan to be secured by other collateral can be considered separately.

In most cases, loans of this type can be quickly handled, the Small Business Administration said, since the Forest Service will have already considered the technical and financial capacities of tJxe small concerns.and found them acceptable.

As soon as joint procedures have been developed for handling road-construction loans of this type, the F orest Service will indicate the availability of SBA financing in its timber sale prospectus. It is anticipated that the program wiU be fully implemented by March 1.

Home Buildlng Unddr Woter

"Fibrforms"-1fus corrugated void boxes designed for poured concrete foundations and flooring-have entered the field of home construction with a unique application in a home built recently on the shores of the Belvedere Lagoon on San Francisco Bay.

A building materials product of Fibreboard Paper Products Corporation, "Fibrforms" have enjoyed wide use in industrial and public building construction, but their incorporation in the foundations of single dwelling units is new.

Their Belvedere application was in the "floating foundation" of a house built on fill land adjacent to a lagoon made popular in recent years as a location for quality suburban homes. "Fibrforms" used in the foundation construction were made of corrugated paperboard fabricated with the interior reinforced with an "egg-crate" of crossed, interlocked sections of paperboard. A water-resistant adhesive was used in the forming of the void boxes, providing further protection against distortion from moisture.

Venturo County Lumber Yords Chcnge Hnnds

OXNARD-One of Ventura County's oldest, continuous businesses has been sold.

Peoples Lumber Co. has sold its four Ventura County yards, located here, in Ventura, in Santa Paula and in Camarillo, to the Sun Lumber Co. of Los Angeles.

Peoples was founded in 1890 in Ventura with one yard and four employees. For many years, Adolfo Camarillo, pioneer county rancher who died several years ago in his mid-nineties, was president of the concern.

(Tell them Aou sae it in The California Lumber Merchant)