Albany, N.Y. – July 2009 – Allan D. Robison, President & CEO for EXEControl Global Solutions, today announced that EXEControl Global Solutions, a Clifton Park, N.Y. company, has met the federal qualifications and has been approved to receive a business loan guaranteed through the American Recovery and Reinvestment Act. According to EXEControl Global Solutions’ banking partner, this is the first business stabilization small business loan made in upstate New York.
“We (EXEControl Global Solutions) are quite excited about the expansion efforts going on at EXEControl Global Solutions. The switching of current debt to a six plus year interest free loan is going to allow EXEControl Global Solutions to be more aggressive with their current expansion efforts. We are in the process of establishing operations in the state of North Carolina and currently in the process of hiring another person for our New York operations,” says Allan Robison.
The SBA business stabilization stimulus loan program was created by the Obama team to provide up to $35,000 of interest free money to companies that have been profitable in the past two years and have felt the effect of the current economic downturn. The loan is paid out over the course of six months, then the company is provided twelve additional months of absolutely no payments followed by a five year interest free repayment program.
EXEControl Global Solutions was founded in 1969 to provide software, technology and general business assistance to private sector companies. EXEControl Global Solutions offers business software, business consulting, networking support and services throughout North America. EXEControl Global Solutions is well known as a corporate partner who helps companies use technology to better their business by growing sales, reducing costs, increasing margins and increasing customer satisfaction.