LITTLE ROCK — 2 TAC terminals go
under new control
TAC Energy, a division of Dallas-based Truman Arnold Cos., has transferred control of its North Little Rock and Caddo Mills, Texas, terminal operations to JP Energy Partners of Irving, Texas.
Terms of the agreement were not disclosed.
TAC owned 100 percent of the North Little Rock and Caddo Mills terminals, which store refined petroleum products.
The move allows TAC Energy to focus on its energy marketing and aviation-services business, said Greg Arnold, chief executive officer of TAC. TAC markets refined fuels in 48 states and has aviationfueling stations in 14 major markets.
With the transaction, Greg Arnold will serve on the board of JP Energy Partners.
Truman Arnold Cos.
was formerly based in Texarkana, Texas.
- David Smith
Lender notes loan
available at 4.01%
The Arkansas Capital Corporation Group of Little Rock said Thursday that the Small Business Administration’s 504-program loan rates are available at 4.01 percent, the lowest 20-year, fixed-rate loan available since the program began in 1987.
Through the 504 loan program, borrowers get low, fixed-rate loans with no balloon payment or demand feature for up to 20 years.
The low rate puts commercial real-estate loan rates in the range of fixed rates that residential consumers get for home mortgages, said Jay Wisener, executive vice president with Arkansas Capital.
The Small Business Administration loan also can be used to purchase machinery and equipment, Wisener said.
Arkansas Capital is a private, nonprofit lender that provides capital to businesses through several programs.
- David Smith
State index echoes
U.S. market, falls
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 1.41 to 242.62 Thursday.
“U.S. stocks fell on Thursday as nervousness over the ‘fiscal cliff’ negotiations outweighed positive economic data,” John Blackwell, senior vice president and managing director of equity trading at Stephens Inc. in Little Rock, said referring to talks over looming tax increases and spending cuts.
The Arkansas Index moved lower as nine stocks declined and seven advanced.
USA Truck gained 6.4 percent in average trading, continuing a recent trend of large swings in value.
Windstream Corp.
gained 1.5 percent in below-average trading.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 25 on 12/14/2012