Grant & Loan Awards: Calhoun County


Equity

Calhoun County

Equity Fund: $300,126

Awarded: 12/07/2009

Applicant: Arlington, Downtown Development Authority of the City of


Description:
Equity loan funds to assist with the expansion of Damascus Fertilizer Company, d/b/a Early Trucking Company (ETC), located in Arlington, Calhoun County, Georgia. ETC is one of the largest employers in Calhoun County with 42 full-time employees who reside in 9 counties. The Company provides several levels of services to Southwest Georgia’s peanut industry. These services include transporting peanuts from farmer to purchaser, transporting peanuts in the hull from buying locations to shelling plants, shipping shelled product to storage, shipping hull fiber to regional feed mills and chicken processors, and delivering bulk oil grade peanuts to regional processors. Increased demand has required an expansion of its truck fleet from 28 to 42 trucks, the purchase of 26 additional trailers and 14 additional full-time drivers. The existing location is no longer adequate for ETC’s expanded operations. Equity funds will be loaned to ETC for land acquisition, site preparation and building construction.


Total Budgeted Project Cost: $2,535,480


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