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Austin AI receives $1.2 million loan

 

September 2009:  Austin AI has received a $1.2 million loan under the US Government's Small Businss Administration and First Community Bank of Dallas ,Texas.

 

The bulk of the funds are earmarked for the acquisition of property and building to support the expansion of AAI's business..

 

Portions of the note are allocated for new production equipment and working capital for adding the headcount required to meet the growth goals.

 

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