SemiGen Inc., an ISO and ITAR certified RF/Microwave assembly and automated PCB manufacturing company, was recently visited by U.S. Senator, Jeanne Shaheen (D-NH), and U.S. Small Business Administration (SBA) chief, Karen Mills, to tour the Manchester, New Hampshire facility and discuss how the SBA program has helped the company develop and grow.
In 2011, with the help of an SBA 504 loan, SemiGen was able to purchase and fit-out its new Manchester facility. The larger, more fully equipped facility has allowed the contract assembly house, which has a unique specialty in wire bonding and testing of complex microwave circuits, to grow rapidly and add jobs.
“The SBA provided the efficient financing we needed to expand and create new jobs,” said Jim Morgan, President of SemiGen. “Senator Shaheen has been a tremendous advocate in rebuilding our economy and has helped ensure that programs like this stay intact. With the SBA’s help, I am thankful to be a part of a group of individuals and businesses creating manufacturing jobs right here in New Hampshire and not overseas.”
The SBA 504 Loan program is an economic development loan program that offers small businesses another avenue for business financing, while promoting business growth and job creation. As of February 15, 2012, the $50 billion in 504 loans has created over 2 million jobs in the U.S.