Business Notes: March 13, 2016
Wilder — Steve Davis, owner of VerMod, the Wilder-based manufacturer of energy-efficient modular homes, has purchased the 20,000-square-foot building on Route 5 that his company has leased for two years. Terms of the deal were not announced. VerMod secured financing for the purchase with support from the Green Mountain Economic Development Corp., the Vermont Small Business Development Center, the Vermont Economic Development...
Money Talk: Mind the GAP Coverage Limitations
Question: In 2012, I financed a 2008 Honda at my credit union. The car was priced at $16,500. With a trade-in, the loan came to $22,000. Guaranteed Auto Protection coverage, or GAP, was factored into the loan payments, which were $464 a month. Last year, the car was wrecked and deemed a total loss by the insurance company. They paid the “book value” of $8,860 to the credit union. However, $6,000 remained on the loan. The GAP coverage...
5 Credit Report Myths You Need To Know
If you think the credit reporting process is complicated and too hard to understand, you’re absolutely right. With several different credit bureaus, countless credit reporting laws and rules, and more than a handful of websites advertising “free” credit reports and scores, it can be hard for the average consumer to fully comprehend what goes into a credit report, how the information is reported and how it can affect a credit score. As...
Business Notes: Feb. 14, 2016
Bethel — GW Plastics last week announced the completion of a major expansion of its Dongguan, China, facilities. The project more than doubled the size of the plant, and the new 125,000-square-foot facility will permit the company to streamline its tooling, molding and medical device assembly operations while leaving room for contract manufacturing growth, the company said in a news release. The company plans to enhance its Asia...
Business Notes: Jan. 24, 2016
Bethel — GW Plastics last week marked the graduation of its second “School of Tech” class and announced that it expects the program to continue growing. Seven Randolph Union High School students — Nathan Gray, Ethan French, Zavier Henderson, Cameron Jarvis, Gurion Lake, Alexander Russell and Connor Wheatley — successfully completed the semester, GW Plastics said in a news release, which also noted the contributions to the program of...
