Associated Press
DES MOINES, Iowa -- The United States Department of Agriculture has approved a conditional commitment for a guaranteed loan of $2.25 million for Ag Parts, Ltd in Humboldt, Sen. Chuck Grassley, R-Iowa, said Friday.
The loan will be used to provide long-term refinancing for a tractor part refurbishing plant.
"Ag Parts is a viable rural business that helps create jobs and healthy communities," Grassley said. "The funding helps USDA partner with Ag Parts."
