Allen Edmonds Shoe Corp., based in Port Washington, plans more growth for it's company including added warehouse space in the city.
The company is receiving a $20 million loan from Associated Banc-Corp for it's expansion, which also includes more stores in China and around the United States, according to biztimes.com.
Paul Grangaard, president and chief executive officer of Allen Edmonds, told BizTimes that the loan is actually a refinancing of an existing account — but they are increasing the account to finance the company's growth, the article said.
Allen Emonds announced in December it planned to start selling it's shoes in China as a step toward building a more worldwide market, according to News.Yahoo.com.
Allen Edmonds employs 935 people, with about half of them working in Port Washington, according to biztimes.com; the company has added about 200 employees to its Port Washington location over the last 20 months.