By Jack Johnson

Boulder City Review

August 26 was probably the first and last time the six residents of Lakeview Terrace Senior Living Community had their home guarded by the Secret Service, but they can continue enjoying the benefits of the United States government, thanks to a government-backed loan that allowed the facility to be built.

To recognize the fruits of the U.S. Department of Agriculture’s Business and Industry Guaranteed Loan Program, U.S. Sen. Harry Reid, D-Nev., USDA Deputy Secretary Kathleen Merrigan and Congresswoman Dina Titus, D-Nev., visited the new building at 180 Ville Drive for a private ribbon-cutting ceremony.

The guaranteed loan program provides government insurance for loans from private lenders to businesses in rural areas with populations of 50,000 or less so the lenders will be more willing to give loans in the current economic climate.

“This gives the necessary courage in a private downturn,” Merrigan said.

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