A Bedford County business has been approved for a low-interest loan through the Pennsylvania Industrial Development Authority, according to Rick Siger, secretary of the Department of Community and Economic Development.

Siger on Thursday announced the approval of more than $1.5 million in new, low-interest loans through PIDA to support major innovation in manufacturing, business expansion and create new jobs. 

Brumbaugh Mountain Welding LLC, through the Southern Alleghenies Planning & Development Commission, was approved for a 15-year, $200,000 loan at a 5% fixed interest rate to construct a 50′ x 144′ x 20′ steel building to serve as its new operating facility.

The larger facility will be located at Guyer Corner Road in New Enterprise and will allow the company to perform needed aluminum metalwork for Martin Truck Bodies and provide the capacity to bid and perform metalwork for larger commercial customers.

The total project cost is $640,655, with additional financing through a $425,000 loan from Hometown Bank and a $15,655 equity contribution from the borrower.

Brumbaugh Mountain Welding will create two full-time jobs and retain two existing jobs within three years