IWU Looking Forward to the FutureWritten by Theresa Rose on August 2, 2016
Iowa Wesleyan is ready for the next step in a process that will provide the local university with a $26.4 million loan. The funds would help re-structure current debt and provide working capital to fund the university’s new strategic plan. IWU President Steven Titus said the university is working with USDA and Two Rivers Bank. The loan package must be reviewed and a closing date determined, probably sometime at the end of August or mid-September. President Titus said it’s not a done deal until that date but doesn’t foresee any obstacles to final approval. Join KILJ news Wednesday morning for a more in-depth interview with President Titus when he will pre-view the coming year.