Direct Mobile Transit Inc. receives SBA Backed Loan from M&T Bank: Jump start for New Start-up at the Emerging Enterprise Center

New Castle, DE – May 24, 2016

Last Wednesday, Direct Mobile Transit Inc., the newest start-up company at the Emerging Enterprise Center’s business incubator, held their Ribbon Cutting, in front of the four new Ford Transit Vans that were funded in part by the SBA backed Loan received from M&T Bank!

Participating in the Ribbon Cutting were John Fleming, District Director Small Business AdministrationIMG_5808, Yvette O’Donnell and Pat Ponzo from M&T Bank, Frank DeSantis, Program Director of the Emerging Enterprise Center, Mark Kleinschmidt the President of the New Castle County Chamber of Commerce, along with Direct Mobile Transit drivers, NCC Chamber Ambassadors, John Banks and Ellyn Herbert from the SBA, and other friends and family.

Started by brothers, Michael and Charles Bantum, Direct Mobile Transit Inc. looks to capitalize on the aging baby-boomer population by providing quality transportation service that supports the mobility, well-being and health of seniors and mobility challenged residents of New Castle County, Delaware. After spending the time researching their market, developing their business plan, establishing an understanding of the licensing, regulations, and partnerships necessary to operate in this space, and in building up their own capital to start the business, they incorporated in early 2016. Because of the thoroughness of their preparation, they were able to secure a SBA Loan, through M&T Bank, to purchase the 4 wheel chair accessible vans that they will be operating.

IMG_5798According to Mike Bantum, the idea for Direct Mobile Transit came from a personal situation, of having to deal with an aging relative, who although still very active, was no longer able to drive themselves, and wanted the flexibility to make appointments and continue daily activities without having to depend on relatives’ availability, or traditional van-pool services.

Frank DeSantis from the Emerging Enterprise Center said he is very happy to have DMT join the EEC. “Mike and Chuck Bantum are great examples of the type of entrepreneur we need to see in Delaware, as we seek to ‘grow-our-own’ companies. They saw a need, developed a plan to fulfill that need, and created a thorough Business Plan that demonstrated a good grasp of what they would need to do to achieve their vision.”

Direct Mobile Transit is currently working on hiring and training their drivers, and establishing contracts with some key partners. They expect to be up and running in June, providing transportation for facilities, non-emergency medical transportation and personal car service, that puts their customers in control of their mobility.

About Direct Mobile Transit

Direct Mobile Transit: Providing quality transportation service that supports the mobility, well-being and health of seniors and mobility challenged residents of New Castle County, Delaware.

About Emerging Enterprise Center

The Emerging Enterprise Center, a New Castle County Chamber of Commerce Initiative, is a small business incubator designed to provide businesses with a comprehensive program of Support, Advice and Access to resources, in a nurturing environment, so that they can grow their business, develop business skills and graduate with a sustainable business model

EEC chamber bldg


Mike Bantum, President, Direct Mobile Transit, (302) 218-5106

Frank DeSantis, Program Director, Emerging Enterprise Center, (302) 737-4343