Burnham Composite Structures Asked To Repay Forgivable Loans

september 4 2012

Burnham Composite Structures is being asked to repay forgivable loans it secured in 2006 from the city of Wichita and Sedgwick County after falling short of employment-growth projections it made at the time the loan was made.

Burnham builds composite tooling, structures and assemblies for the aerospace industry.

As per city and county documents, the company received forgivable loans of $62,000 each from the city and county in December 2006 to aid in the construction of its new headquarters in Echo Industrial Park on South Hoover Road. Burnham said that along with the new headquarters construction, it would add 60 employees to its staff of 29 within five years.

The company did proceed with the new headquarters construction — a $5.5 million project — but the governments say it has fallen short of its job-growth projections. The governments have worked out an agreement that allows Burnham to repay the loan over the course of five years, in annual installments of $12,400 each to the city and county.

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [52]
Chemical [263]
Composites & Advanced Materials [167]
Construction & Industrial [72]
Consumer and Retail [142]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [164]
Transportation [141]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on