The loans will create 75 news jobs and expand the business.
TRAVERSE CITY -- The US Department of Agriculture announced two guaranteed loans totaling more than $7 million that will allow Skilled Manufacturing in Traverse City to hire 75 new employees.
The company produces drive train components for General Motors, but began manufacturing aircraft engine parts and now military aircraft parts.
A market manager for The Bank of Northern Michigan sat down with 7&4's Melissa Smith to explain what the loans will mean for the company and the community.