T and L Cedar Furniture
T and L Furniture, located in Buhl, Idaho was the first loan originated by the Idaho-Nevada CDFI. The CDFI loan assisted in financing real estate and new equipment for this business, it is a $30,300, 20 year, fixed interest, 6.75% loan and was made in conjunction with Key Bank real estate and line of credit financings totaling $170,000.
T&L Cedar Lawn Furniture manufactures outdoor furniture in Buhl, Idaho. Most of the sales are done wholesale to garden stores and others that sell furniture. The company does some direct selling to the public and its location and via the web. The company was started in 1986 by Thomas and Leasa Speck. They are sole owners of the Subchapter S Corporation. The company was originally started with an SBA loan from U.S. Bank.
The company has evolved in its 15 years and in 2000 sales reached approximately $250,000. For the most part the products are cedar chairs, tables, planters, decks, patios and other decorative items.
Buhl is located in south central Idaho and is a primarily agriculture area. The five jobs at T and L are among the few manufacturing jobs within the community. You can find T and L on the web at: www.tlcedar.com.
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