Dixieland Electronics Gets Second Mortgage
by July 27, 1998 12:00 am 89 views
Dixieland Electronics of Bentonville was mortgaged May 29 for $350,000.
The mortgage was issued to Dixieland Inc. by the Bank of Bentonville. It is secured with the electronic store’s property at 702 S.E. Fifth St. The loan was signed by Thomas Norwood as president of the company and Kenneth Norwood as secretary.
It was a second mortgage on the property. The company received a $350,000 mortgage Aug. 27 to build a 21,875-SF addition to the company’s existing 6,000 SF on 5.48 acres.
Dixieland Electronics sells and services computers and related electronic equipment used in the retail industry. The company’s customers include Wal-Mart Stores Inc. of Bentonville.