Financing ·
On June 22, 2026, Art’s-Way Manufacturing Co., Inc. entered into a credit facility with Bank Midwest for a $500,000…
ARTWArts Way Manufacturing Co Inc
On June 22, 2026, Art’s-Way Manufacturing Co., Inc. entered into a credit facility with Bank Midwest for a $500,000 revolving line of credit. This reserve line is secondary to the company's existing $4,000,000 line of credit and matures on March 30, 2027, with an initial interest rate of 6.225% per annum (1-month SOFR plus 2.600%). The funds were used for deposits on a new fiberoptic laser and crane system for the Agricultural Products Segment. Upon installation in approximately 16-18 weeks, the balance will convert to 15-year term debt at an estimated rate of 6.50% per annum. The company manufactures agricultural equipment.