4.926% 504 20 year term, December 2018
4.990% 504 25 year term, December 2018

 

Western Container Corporation

November 2015

 

Western Container is a manufacturer of spiral wound paper tubes and precision cores. They convert recycled paperbound ribbons into spiral wound cylinders for the winding, converting and packaging industries. Started in 1942, the company originally supplied paper caps to a highway and railroad flare manufacturer. The company grew to include the labeled can market during the 70's and 80's, supplying grated cheese, coffee creamer and sugar composite cans. In 1999 and 2000 the company expanded again, producing converting and film cores.

 

A four time user of the SBA 504 loan program, Jeffrey Perrigo, owner of Western Container, knew where to turn when he saw an opportunity to expand. With the help of WBD who provided the 504 loan and Gateway Community Bank who financed the loan, Jeffrey was able to add a 10,000 sq foot expansion onto his building. The expansion will house finished goods made by machinery purchase with other 504 loans and serve as much needed warehouse space. Since their first WBD funded loan in 2011 the company has gone from 26 employees to 35 employees. This latest project will add three additional members to the Western Container staff.

 

 

Funded

November 2015

 

Owner(s)

Jeffrey Perrigo

 

Bank & Lender

Gateway Community Bank, Jeffrey S. Vohs

 

Financing

Purchase of real estate and construction

 

Jobs Created & Retained

Created 3 jobs

 

Public Policy Goals/Local Development Goals

Assisting a manufacturer

 

Project Amount

$542,000

 

WBD Contact

Diane Byler

 

Diane's Personal Page

 

Email Diane

P: (608) 316-7132

Western Container is a manufacturer of spiral wound paper tubes and precision cores. They convert recycled paperbound ribbons into spiral wound cylinders for the winding, converting and packaging industries. Started in 1942, the company originally supplied paper caps to a highway and railroad flare manufacturer. The company grew to include the labeled can market during the 70's and 80's, supplying grated cheese, coffee creamer and sugar composite cans. In 1999 and 2000 the company expanded again, producing converting and film cores.

 

A four time user of the SBA 504 loan program, Jeffrey Perrigo, owner of Western Container, knew where to turn when he saw an opportunity to expand. With the help of WBD who provided the 504 loan and Gateway Community Bank who financed the loan, Jeffrey was able to add a 10,000 sq foot expansion onto his building. The expansion will house finished goods made by machinery purchase with other 504 loans and serve as much needed warehouse space. Since their first WBD funded loan in 2011 the company has gone from 26 employees to 35 employees. This latest project will add three additional members to the Western Container staff.