Home / Knowledge / News / Textiles / Von Strohm Fiber gets Minority Business Direct Loan
Von Strohm Fiber gets Minority Business Direct Loan
Mar '11
An Ohio minority-owned business has been approved for a $105,000 direct loan through the Ohio Department of Development's Minority Business Direct Loan Program. The loan will enable the company to purchase machinery and equipment, making it easier to expand its business.

Von Strohm Fiber Processing Mill, LLC in South Bloomfield (Pickaway County) was approved for a $105,000 Minority Business Direct Loan. Von Strohm operates a retail operation and produces yarn and roving through manual washing, spinning, and production methods and then sells them to fiber producers and retail customers.

The company plans to move to a 3,000-square-foot pre-fab warehouse and retail facility that will be constructed on 20-acres of land in Orient, Ohio. The loan will assist in the purchase of equipment that will automate the fiber processing functions. The $205,000 project is expected to create six full-time equivalent jobs and retain one position.

The direct loan was made at the recommendation of the Minority Development Financing Advisory Board and is subject to approval by the State Controlling Board.

The Minority Development Financing Advisory Board is charged with providing the Director of the Ohio Department of Development with recommendations for assistance through the Minority Development Direct Loan Program and the Minority Business Bonding Program.

The Ohio Department of Development's Minority Business Enterprise Division works to create a business environment in Ohio that assists in the growth and development of minority-owned, female-owned, and small businesses to help them obtain financing, bonding, and contracts in the public and private sector.

Working with our partners across business, state and local governments, academia, and the nonprofit sector, the Ohio Department of Development works to attract, create, grow, and retain businesses through competitive incentives and targeted investments. Engaged every day in marketing, innovating, investing, and collaborating, the Ohio Department of Development works at the speed of business to accelerate and support the teamwork that is necessary for success by providing financial, informational, and technical assistance to those making an investment in Ohio's future.

Ohio Department of Development

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search