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August 2018BizCap Can Now Provide Rural SBA Loans in Six States!If you are looking at your next expansion project or investment in a rural county and are you having aproblem finding financing for your growing business? Since 2013, small businesses in many rural countieshave found that accessing SBA 504 loans has become difficult because a significant number of ruralCertified Development Companies (CDCs) are no longer in business. The end result is that affected ruralsmall businesses are struggling to find the financing that they need to buy new real estate and machineryneeded to keep their companies growing.So, what can rural small business owners do when they need to finance their company’s growth? BizCapclients can benefit from a new two year pilot program from the SBA. The program allows CDCs like BizCapto issue SBA 504 loans in rural counties in any state that is within their SBA region (BizCap is in Region 5).Region 5 includes Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin. To simplify maters, theprogram applies in any county that has been classified as “mostly rural” or “completely rural” by the USCensus Bureau. Don’t know if your business is located in a rural county? Call us and we’ll let you know.Not familiar with the SBA 504 loan program?504 funds can be used to finance the purchase or construction of owner occupied commercial property orthe purchase of equipment. Benefits of the program include fixing the interest rate for the term of the loan atbelow industry rates. Real estate rates are fixed for 10, 20, or 25 years. Equipment rates are fixed for 10years. In the typical SBA 504 loan structure, the third party lender, bank or credit union, finances 50% of theproject, SBA finances 40%, and the borrower injects 10%. This allows the borrower to retain more of theiroperating cash.Have questions or want to discuss a possible loan? Call Gary Fischer at 937-531-7038 for all the details ofhow an SBA 504 loan, or one of our other loan programs, may be able to help your growing business.

New CDBG Loan ApprovedCounty Corp Development's Board recently approved a Community Development Block Grant (CDBG) loanfor Faith Early Learning Center in Miamisburg. The company is buying the Three Bears Child Care businessand property. As a result, the borrower will take advantage of a 15 year 3.00% fixed interest rate on 40% ofthe eligible project amount.Interest Rate UpdateThe July dip in 20 year new loan rates seems to have been temporary as rates have reversed course andare now nearing June's high.SMALL BUSINESS LOANS AND RATESDid you know that with a BizCap loan, your small business can retain more “cash in pocket” to fundoperations. Why tie up your small business’ cash in long-term capital assets when you can put it to betteruse as you grow your business?SBA 504 LoansSBA 504 loans for new projects and to refinance existing real estate or capital equipment debt could bethe perfect funding solution for your company's growth.10 YearNew LoanRefinance3.308% 5.302%3.308% 5.360%Note RateNote RateEffective RateEffective Rate

20 Year25 YearNew LoanRefinance3.638% 5.301%3.638% 5.350%Note RateNote RateEffective RateEffective RateNew LoanRefinance3.754% 5.351%3.754% 5.398%Note RateNote RateEffective RateEffective RateOhio Regional 166 LoansCDBG LoansOhio Regional 166 loans are availableanywhere in Ohio and have terms of up to20 years, some even without requiring personalguarantees.CDBG loans are available anywhere inMontgomery County, Ohio (excluding the Cities ofDayton and Kettering) and have terms of up to 15years.3.200%3.000%Fixed RateFixed RateDO YOU NEED A SMALL BUSINESS LOAN?Give us a call today to discuss your project and determine which BizCap loan program is best for you.Gary 7.225.6328BizCap is a program of CountyCorp

August 2018 NewsletterNow is the time to schedule an information sessionand tour. We can show you how HIWT can helpprepare you for a rewarding career in welding.

Hobart Institute of Welding Technology conducts informational sessionsand tours during the week. We also have tours scheduled on SaturdaySeptember 15th, October 13th and November 10th, 2018. Come take atour and see how HIWT can help prepare you for an amazing career inwelding. Click here to schedule a tour during the week or call us at 937332-9500 ext 9601 to schedule your Saturday tour.Welder Qualification versus Welder Certification Understanding the Difference

When a student attends one of our two programs here at HIWT, they havethe opportunity to earn four or five (depending on the program) AWS QC7Certifications. Many people confuse the terms "certification andqualification". So, what actually is the difference between a welderqualification and a welder certification?In general, the term "certified" is misused. When an employer is looking for"certified" welders what they are actually looking for or referring to is aQUALIFIED welder. When a company sends an employee to HIWT fortesting or if we send someone to a company to witness testing (i.e. whenone of our CWI's goes to the company's place of business) theemployee/welder will take a weld test. That test is called a WelderQualification. When the welder successfully passes the test, peoplegenerally say they are "certified". This is not true, they are actually"qualified" to weld a certain process/electrodes/positions/material; alldetermined by the WPS (welding procedure specification) their company hadthem test to. It is important to know that you do not have to be anAccredited Testing Facility to administer these tests. When a welder takes awelder qualification test, it pertains to their job and the needs of thecompany they currently work for. When they leave the company, none ofthe so called "certifications" go with them. That is because they were nevercertifications. They were qualifications.

The American Welding Society started a program for Certified Welders (CW)years ago. In order to test welders and certify them in accordance withQC7-93 you must comply with the AWS QC4-89 Standard for Accreditationof Test Facilities for AWS Certified Welder Program. So HIWT had tobecome an Accredited Testing Facility to offer QC-7 Certifications. Thepurpose of this was to provide a way to actually certify welders to variousprocesses for various industries. There is a major difference here. Instead oftesting an employee for a company, now we are testing a person andcertifying that they properly followed welding procedures and their testsmeet the quality standards set by the American Welding Society. A buzzword around HIWT is obviously the QC-7 cert tests. This is the QC793. There are three supplements to QC7-93 each for a particular industry.The first is QC7-93 Supplement C for Sheet Metal Welding code, next wouldbe Supplement F for Chemical Plants and Refinery Piping, and lastly isSupplement G. Supplement G is the AWS Welder PerformanceQualification Testing. This Supplement is used by the school for our QC-7testing. It offers the widest array, and is the best choice for us because wedo not know which industry each of our grads will end up workingfor. Once a student successfully passes a QC-7 test, they are in fact,certified. They will be issued a wallet card, and will be listed on thenational s-national-registry-of-certifiedwelders.The cert(s) obtained while at HIWT do travel with the student and they canbe utilized as long as they renew them every 6 months.In short, if a person does not have QC-7 certification they are notcertified. They may be qualified to weld various welding procedures for acompany, but as a far as AWS is concerned, they are not a CertifiedWelder unless they possess QC-7 certification(s)HIWT is an Accredited Testing Facility for the American Welding Society. Allof our students are tested and certified on site. Paperwork is then sent toAWS where it is processed and the student is sent their certification card.For more information on scheduling welder qualification or weldercertification testing, contact Chip Prinz at 937-332-9502 or emailat Chip.Prinz@welding.org. If you would like to enroll in one of our weldingprogram, visit our website at www.welding.org or contact us at 937-3329500.

What is the metallurgical term forthe hardest microstructure ofsteel?How do you make metallurgy funto learn in the classroom?Instructors: Plan to attend CTE 2019on June 18th & 19th to find out theanswers to these questions and more.Instructors: Schedule your field tripto HIWT now.Don't wait - schedule your field trip to the school. We will give you a tour ofthe 12 acre campus, give your students an instructor demo, as well asprovide information about the school. We will also provide lunch for you andyour students. Contact us at here to schedule a date.Our staff is looking forward to visiting your school.

Janet PiechockiCalvin ScharrerEmily FoxIt's that time of year to schedule one of our Career DevelopmentRepresentatives to come and visit your school. We will do a presentationabout welding and our school as well as answer any questions yourstudents have about a career in welding. Email us at here or call 937-3329500 ext. 9601 to contact a representative and schedule a presentation.Bookstore News:HIWT is your one stop shop for classroomeducational supplies.

HIWT not only offers the curriculum that you have come to rely on, wehave classroom accessories such as posters, calculators, and the popularPocket Welding Guide. Visit the bookstore online at www.welding.org,contact us at 937-332-9508 or email at orders@welding.orgDid you know HIWT has students from all over theUSA? We can share information about our school viaSkype. Just click here and we can schedule a day andtimethatisconvenientforyou.Hobart Institute of Welding Technology, dedicated to welding training andeducation excellence, is a nonprofit educational facility.Hobart Institute of Welding Technology400 Trade Square EastTroy, Ohio 45373937-332-9500www.welding.orghiwt@welding.org

State Board of Career Colleges and Schools Registration No. 70-12-0064HTAccrediting Commission of Career Schools and Colleges No. 000403See what's happening on our social sites.Hobart Institute of Welding Technology, 400 Trade Square East, Troy, OH 45373SafeUnsubscribe swartza@mcohio.orgForward this email About our service providerSent by melinda.jeffery@welding.org in collaboration withTry it free today

Dayton Market UpdateTop Headlines Impacting Commercial Real EstateAugust 13, 2018Sherwood Shopping Center in Troy sold Miller-Valentine Group137 N. Main StreetSuite 600Dayton, OH 45402(937) 293-0900www.mvg.comThe shopping center at 914 N. Market Street wassold to Sherwood of Troy LLC for 1.7 million. The 80,000-square-foot shopping center was built in1957 and has become largely vacant in recentyears. Construction Development BrokerageRedevelopment scenarios include adding newtenants, “frontage development”, and retaining andreinvesting in Needler’s Fresh Market, one of thecenter's anchor tenants.Property SearchMarket ReportsProjects Under ConstructionAugust 16, 2018Local company relocating to Washington Township Adaptive Data Inc. will relocate from its currentlocation at 93 W. Franklin Street in downtownCenterville to 8170 Washington Village Drive. The data collection and labeling solutions companyis moving to the 6,000-square-foot space in theYankee Business Center because it needs morespace. The new space is currently under renovations thatare expected to be done by the end of August.David S. Dickerson, CCIMPresident, Dayton Market

August 17, 2018Local industrial development moving forward A 21 million building permit was recently issued fora planned development at 8556 Trade Center Drivein West Chester. The West Chester Trade Center development willinclude light industrial and flexible logistics space. The first of the six planned buildings is expected toopen in January with the entire developmentcompleted in 2026.August 22, 2018Local retail property sold The Village 41 Shopping Center located at 2443Troy Road in Springfield was sold to OVDSpringfield Holding LLC, based in Lancaster, Ohio,for 780,000. The shopping center was built in 2005 and is 10,090square feet. Current tenants include the Spa Bar and GlamStudio on 41.August 24, 2018Beavercreek mixed-use development moving forward Greene County recently issued a building permit fora 6,900-square-foot property located in the Targetparking lot on North Fairfield Road. The development will have three tenants: DuckDonuts, Orangetheory Fitness, and a Premier Healthurgent care. Construction on the project has yet to begin.(937) 528-4000dave.dickerson@mvg.com

Dayton Metro Library, Dayton SCORE, and the Dayton Area Chamber of Commerce are collaborating on a resource fair and networking event for nonprofit organizations and their leaders. INSIGHTS FOR NONPROFIT LEADERS takes place Thursday, September 27, at the Main Library, 215 E. Third Street in Dayton. Registration and breakfast is 7:30-8:00