SBA Speeds Disaster Loans In
an effort to quicken the pace
of recovery in the disaster ravaged
zones hit by Hurricanes Katrina
and Rita, the Small Business
Administration (SBA) will expedite
business loans under $100,000
and that meet certain criteria. “Within
the last few days the agency
has introduced initiatives aimed
at speeding up the disaster loan
application process,” says
SBA Administrator Hector Barreto. “Meanwhile,
the sooner the SBA receives the
disaster loan application, the
sooner the loan funds can be
disbursed.” To qualify
for the loans, business must
a gross income greater than $25,000,
a satisfactory SBA loan history,
controlling ownership by an individual
or group of individuals and a verifiable
federal tax return with 12 months
of operations. For more information
call the SBA’s customer service
(800) 659-2955 or visit
its Web site at: http://www.sba.gov
Shirt House Makes Purchase Brick Shirt
House International Inc.
acquired Dianne’s Brick
Shirt House from long-time
owner Dianne Freeze, who
owned the business since
1992. The purchasing company
with its similar name was
recently established by entrepreneurs
Steve Bishop and Paul Marchand
to help ease the transition.
The new business will immediately
become part of a group of
printing business, The Copy
Shop and financial assistance
company, 3B Financial—that
can offer a virtual one-stop
shop for businesses. “We
see it as a good mix,”
Bishop. “We’re creating
a business solutions network that
combines quite a long list of business
services with screenprinting, embroidery
and promotional products.” The
new ownership will expand the company’s
products and services in the coming
months with expansions of its showroom
and its online presence.
part of Redi-Direct
Marketing, a provider
sales and marketing
support, has decided
to change its name
to United Sport Apparel
to better reflect
its product lines
and its new united
approach. The change,
went into effect
at the end of last
month, has been made
in the wake of the
acquisition of Hewitt
Gorga Athletic Wear,
companies that were
purchased this past
spring and summer.
The newly formed company
is also introducing
online product ordering
infrastructure, we're now able to offer
this technological option
to all of our clients,” says
James Lombard, president. “Although
we've always supported
an international customer
base, we anticipate our
business will experience
further growth in both
North American and international
markets due to this new
In The News Investcorp,
owner of Belgium-based
industry giant Polyconcept,
has acquired Almatis,
a Bauxite, AR-based
manufacturer of insulations
and industrial ceramics.
The power of the T: Diamondbackonline.com reports
that the University of Arizona’s
Student Government Association
proposed an emergency bill to borrow
$26,555 from the school’s
entertainment budget to buy 10,000
T-shirts for the university’s
upcoming football game against
Graphic Resource Group Inc. (asi/212886)
was mentioned in an article in CrainsDetroit.com on
how some minority businesses could
be a factor in boosting the business
of minority-owned firms.
The Jewish Ledger (CT)
featured a lengthy interview with
Barbara Schwab, president of Barbara
Schwab & Associates (asi/321274).
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