Quick-turn Equipment Loans: partnering with banks to help local businesses

Dick DeBolt founded Twin Ports Testing (TPT), headquartered in Superior, Wisconsin, in 1972. TPT’s success depends on capable employees equipped with state-of-the-art tools. As technology changes, making costly equipment upgrades are a key to staying competitive.

DeBolt’s call to the Northland Foundation was excellent timing. Northland’s Business Finance Program had recently introduced Quick-turn Equipment Loans which are made in partnership with a borrower’s bank to cover as much as 100% of equipment up to $300,000 total. As the name implies, loan approval can happen within a few days of Northland receiving documentation from the bank.

The Quick-turn Loan for Twin Ports Testing, in collaboration with their bank, enabled TPT to buy an optical emission spectrometer (OES). The OES is a portable dynamo that can travel out into the field to analyze the chemical make-up of steel on-site, in real time.

Read more about Twin Ports Testing's story, and view the specifics of Quick-turn Equipment Loans.

For more information about the Business Loan Program, contact our Director of Business Finance, John Elden.