A New Brighton company has been awarded a 123-thousand-dollar loan. The Standard Horse Nail company – located at 1415 Fifth Avenue in New Brighton – was awarded the loan from the Pennsylvania Industrial Development Authority. State Rep. Jaret Gibbons tells Beaver County Radio newsman Pat Septak that the funds will help pay for renovations to a 25-thousand square-foot facility. He says not only will the money be used to help increase the operations, but he thinks the loan will also help spur economic development in Beaver County.