Nova Scotia Business Inc. (NSBI) has authorized an interest-bearing, repayable $200,000 loan to Sable Engineering to help expand its business.
The loan will give the company more working capital to meet the demand of its customers.
Sable Engineering, located in Trenton, Pictou Co., specializes in mechanical engineering design, maintenance and reliability engineering and sales, service and training for laser alignment, and balancing and vibration analysis for heavy industry.
“We are very pleased to have the support of Nova Scotia Business Inc. in helping Sable Engineering to grow in both the regional and global industrial markets,” said John MacKenzie, president and general manager of the company.
Sable Engineering provides maintenance services globally in industries including mining, manufacturing, pulp and paper, and oil and gas.
“Sable Engineering is well positioned to grow, and this loan will assist them in meeting the demands from their clients,” said Mike Queripel, director of business financing, NSBI.
NSBI works with small businesses in Nova Scotia to help them increase their export sales.