PACIFIC ri'ESTERN LUIUIBER COIUIPANY

Dovid E. Loshley, Colifornio Monoger

518 South lqke Avenue, Posodeno, Colifornio

[umber lndustry Going for New Gopirol Finoncing Plon

The- new long-term (S-year) capital financing plan for manufacturers, announced last Maich by Commiriiat Oiscount Corporation of Chicago, has mlt with .,an overwhelming response" from growth companies in the lumber industry, reports Sidnev Feuchtwanser. oresidenf . This

Sidney Feuchtwa ident. This ruuusuy, rcp()r{s Jrqney l: eucntwanger, presrdent. l hts financing, with a minimum of $100,000= and^a maximum of $1,000,000 to any one firm, has resulted in long-term loans to.{9qr companies-in the lumber field, totaliig g9,10,000. Additional capital loan applications from the inldustry are p-ending, Feuchtwanger said. Growth companies have iound this typi_ of financing particularly helpfril jn meeting the tight bank-credit situation.

The plan differs from short-term bank lending in that the term may run to five years if desired by the Sorro*er.

EIDEMASTER

Pocket Sliding

Door Frames

Model 100A-$7.70

Model 4208-$8.50

No share of ownership or profits or voice in management, is desired by Commercial Discount. This new type of capi- tal loan is based on potential earnings power -rither thln the value of fixed assets of the borrower, or the equity in the business. The usual type of business loan collateral is required, however.

M1j9r emphasis in the new loan program is on growth possibilities in manufacturing. What Commercial Discount looks for in a borrower is a history of company profits, ability to repay the loan, plus expansion posiibiiitiis and proof that the new funds will be put to constructive use.

lockler Fence Srorted in Hcyword

_ Douglas Lockler is now engaged in fence contracting and the retail sale of fencing materials at 198 Grove Way in Ilayward, Alameda County. The new business is cilled Lockler Fence, according to the October listings.

Dependabte Service - Low Gornpetitive prices

Speciolizing in [umber Yqrd Orders

The *dilT??'-''illnao- uni, Completely Assembled-Reody to Operote

Window Frqme

-lncludes-

Windows

Window Stop

Sqsh BqlqncesSosh lock

Full Bound Aluniinum Screen

Double-Hung Unirs-Sliding Units (Sliding Scsh Removoble)

Mqnufqctured in All Sizes

RADC(l

Aluminum

Sliding Windows

C(IMPTETE ST(ICK