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[email protected] More development is on the on the way for Toledo’s southwest side. Superior Rentals, a Marshalltown-based housing developer, has purchased the vacant Deer Creek Medical Center property with plans to convert the existing clinic building into a 24-unit apartment complex. According to Mike Judge, Superior Rentals president, interior demolition work is already underway at the 15,000 square foot facility with plans for apartments to be completed and ready to rent by this summer. The apartment complex will offer 1 and 2 bedroom units with on-site laundry and a small number of loft units that will be built near the current entrance to the clinic. ....
Times-Republican Early in December, the United States Small Business Administration released all Payment Protection Program (PPP) loan data for loans less than $150,000. A total of $949,517.25 went to 277 Marshalltown employers in loans less than $150,000, while a total of $1,574,792.81 in funds went to 37 Marshalltown employers in loans more than $150,000. Funds from PPP loans have helped businesses keep their employees on payroll during the COVID-19 pandemic. The Small Business Administration will forgive loans if business’s meet employee retention criteria and funds are correctly used for eligible expenses. The funds must be spent within a 24-week period, and 60 percent of those funds must be spent on payroll while generally maintaining their usual employee count and payroll costs. ....