Tradestar Corp., a manufacturer of equipment for explosives companies, has received approval for a $508,000 Small Business Administration loan guarantee from Deseret Certified Development Co. to purchase the land where it currently operates at 3150 W. 8600 South.
Don Allred, Tradestar owner, said his company has been leasing the property since 1989, when the company was established. "We want a permanent home and to be able to improve the facility. Without having ownership, that hasn't been feasible," he said.Allred said the ground has been used for the same type of work for 20 years. The property is well suited to the business. "It was formerly owned by IRECO. When they sold the businesses, a few of us who were employees at the time decided to resume operations," Allred said.
The five-acre piece of property contains a 12,000 square-foot warehouse and a 20,000 square-foot shop building.