KlubHaus61 utilizes loan program

From local sources

JASPER — Alpine Enterprises is utilizing the U. S. Small Business Administration’s 504 loan program for KlubHaus 61, which is due to open Aug. 31.

Indiana Statewide Certified Development Corp. and German American Bank helped Alpine owners Gail Hettinger and Alan Hanselman get financing from the business administration. The money was used to buy and equip the building, which is the former Jasper County Club clubhouse.

KlubHaus61 will be a banquet rental facility and the home base for Schnitzelbank Catering and its 20 full-time employees. Hettinger says the company expects to add another five or more full-time employees in the next few months. As many as 100 employees work for the catering company on a part-time or seasonal basis.

The state group works with local lenders to provide SBA 504 loans to owners of expanding companies. Congress created the SBA 504 program so owners of small businesses could get long-term, fixed-rate loans with lower down payments similar to financing commercially available for large companies.

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