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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 Administration
, 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.
According 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. www.directmobiletransit.com
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
Contacts:
Mike Bantum, President, Direct Mobile Transit, (302) 218-5106
Frank DeSantis, Program Director, Emerging Enterprise Center, (302) 737-4343
FedEx Launches Fourth Annual Small Business Grant Contest: $100,000 in Prize Money up for Grabs in 2016 Contest
FedEx is conducting a small business grant contest. The contest offers grants to 10 small businesses, with a collective prize pool of $100,000. One Grand Prize winner of $25,000, one $15,000 winner, and eight $7,500 prizes will be awarded. The 2016 FedEx Small Business Grant Contest is open to U.S.-based for-profit small businesses that have less than 50 employees and have been operating for six months or more. To enter, participants must visit www.fedex.com/grantcontest and enter their contact information, write a short profile about their business and upload four photos of their business or product, including their logo. While not required, participants also have the option of submitting a 60-second “elevator speech” video to supplement their entry.
The contest entry period is open from May 3 to May 30, 2016, with voting to take place from May 17 to June 13, 2016. Following a judging period, winners will be announced on July 11, 2016 at www.fedex.com/grantcontest.
Emerging Enterprise Center Announces K-Video & Web Productions as official videographer sponsor for all business education events for 2016 at the EEC
10 business education events are scheduled for the remainder of 2016.
New Castle, DE, May 2016: The Emerging Enterprise Center (EEC) has officially announced that K-Video & Web Productions will be the official videographer sponsor for all business education workshops for the remainder of 2016. One of the key missions of the EEC is to help businesses develop business skills to tackle not only the nuts and bolts aspects of running a business but also marketing, networking, and sales skills so that they can grow. K-Video has been a member of the New Castle County Chamber of Commerce (affiliated with the EEC) for over a year now and has never taken on a series this large with the Chamber. With this new sponsorship, the EEC can provide one more benefit to its businesses for attending the business education workshops.
The Emerging Enterprise Center wants you to join us for Educational Workshops and Networking! Find a workshop for you and your business at www.eecincubator.com. Register today at www.eecincubator.com. Contact Frank DeSantis at [email protected] or 302-737-4343 for more information on the Emerging Enterprise Center and its many programs that assist businesses in the community.
About K-Video & Web Productions
K-Video & Web Productions specializes in Safety, Training, and Marketing video production. K-Video has been providing high quality, affordable video solutions since 1980. Our clientele ranges from small, local businesses to large, global corporations. We develop products that will represent your organization with pride and integrity.