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Swink awarded WFI scholarship
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Swink thanked WFI members in attendance, many of whom sponsor and play in the
annual Fitzgerald Scholarship Golf Outing, which raises money for the
scholarships. The 2009 event will be held at the Silver Spring Country Club on
June 10.
FRSTeam adds Baltimore, DC operator
FRSTeam has added Cappy’s Cleaners as an independent licensed operator focusing on the greater Baltimore
and District of Columbia area. Located in Baltimore, FRSTeam by Cappy’s offers restoration services for fabrics and textiles damaged by smoke, fire,
water and mold.
FRSTeam provides insurance carriers and damage mitigation contractors
restoration services for fabrics and textiles damaged by smoke, fire, water,
and mold.
“As a fourth generation drycleaner celebrating 65 years in business, FRSTeam’s family values mirrored our commitment,” said Mike Capobianco of FRSTeam by Cappy’s.
FRSTeam now offers fabric restoration services in 34 U.S. states. Since signing
its first independent licensed operator in August of 2006, FRSTeam has grown to
a network of 28 independent licensed businesses in addition to its seven
company-owned locations. FRSTeam also maintains an operator in Ontario, Canada, and an affiliate
relationship with Johnsons Fabric Restoration Services in the United Kingdom.
CCA endorses Irving Weber Associates
Irving Weber Associates (IWA) has added the California Cleaners Association (CCA) to its list of
endorsing organizations bringing to 16 the number of associations in the IWA
fabric care insurance program.
The program is produced and underwritten in association with the Great Central
Insurance Co. division of Argo Group US.
“This has been a long-time coming,” said David Suber, president of CCA.
“IWA is well respected for providing unmatched insurance protection and service
to the fabric care industry. They have already demonstrated their worth to many
of our members and the added benefit of their dividend-paying workers’ compensation safety group is just icing on the cake.”
Suber added that in California, where workers’ compensation costs can make the difference between staying in business or not,
cleaners need every advantage. CCA members can use any broker they chose or
work directly with IWA to access the program.
Established in 1946, IWA is a fourth-generation insurance agency that
specializes in the design, development, and marketing of insurance programs to
the fabric care industry and offers added advantages to the members of
endorsing associations.
IWA’s comprehensive insurance program includes business owners, automobile, umbrella
liability, and workers’ compensation and pollution liability coverage.
Other industry associations that endorse IWA include the Drycleaning and Laundry
Institute; the MidWest Drycleaning and Laundry Association; the Iowa-Nebraska
Cleaners Association; the Illinois State Fabricare Association; the Midatlantic
Association of Cleaners; the Minnesota Cleaners Association; the North Carolina
Association of Launderers and Cleaners; the Northeast Fabricare Association;
the Ohio Cleaners Association; the Pennsylvania & Delaware Cleaners Association; the Rocky Mountain Fabricare Association; the
Western States Drycleaners & Launderers Association; the Certified Restoration Drycleaning Network; and
Americas’ Best Cleaners.
“We are proud to have earned these endorsements,” said Adam Weber, president of IWA. “They clearly illustrate what we have accomplished and further validate our many
advantages.
Two form new financing firm
Douglas Adams and Steve Schachtel have teamed up to form US Funding LLC, which specializes in drycleaning equipment financing among other industries.
Adams and Schachtel have a combined 40 years of experience in the equipment
financing business.
Adams previously served as director of the garment care financing division of
Butler Capital Corp. Previously, he was president of Delphi Capital Corp.
Schachtel served as long-time divisional president of Lakeland Bank and operated
his own leasing company for 14 years.
“With many financing companies struggling, there is a void in the marketplace,” said Adams. “In these tough economic times, it is more important than ever to give the
customer more flexible financing options. We provide competitive rates and
superior customer service.”
US Funding offers small-ticket “application only” financing up to $100,000 as well as funding for larger transactions including
business expansions and acquisition financing.
US Funding also offers loans up to $10,000 in working capital along with
equipment financing. These funds can be used for any purpose such as
remodeling, paying suppliers or obtaining additional equipment.
In addition, US Funding also offers flexible financing programs. One option
involves having the first six months of the lease or loan payments at $99 per
month with two required advance payments of only $99. This program lets the
customer obtain financing for minimal out-of-pocket costs and five months of
nominal payments.
For more information, contact Doug Adams at dadams@usfunding.us or call (973)
339-9900.
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