The Small Business Administration (SBA) Funds Alliance Integrated Technology ’s Growth
Leading Infrastructure Integrator Receives Endorsement by the US Government- SBA
Pasadena, CA- March 5, 2010—Alliance Integrated Technology, a globally recognized provider of IT infrastructure and technology, today announced that the Small Business Administration (SBA) has given its vote of confidence to AllianceIT via financial backing for operating expenses and expansion.
“We have really enjoyed working with our bank, JP Morgan Chase. Within a very short time, they received our company financials and submitted our documents to the SBA and within weeks, we had an answer,” said Mr. Fred Lang, President of Alliance Integrated Technology.
The quick process and approval by the SBA only proves that President Obama’s focus on aiding businesses really works. In late January, President Obama committed to taking the $30B in repaid Trouble Asset Relief Program (TARP) money and re-focusing the funds to help businesses and increase growth. President Obama is incentivizing banks to lend to businesses. "The more loans these banks provide to creditworthy businesses, the better a deal we'll give them on capital from this fund," said President Obama.
“JP Morgan Chase is dedicated to lending to small business, while remaining vigilant regarding our underwriting process. The AllianceIT team has a high level of expertise in their field and the executive members are well respected both for their technical and businessmen acumen. We look forward to a long business relationship together,” said Mr. John Hervey II, CFA/Vice President of JP Morgan Chase.
About Alliance Integrated Technology
Alliance Integrated Technology is a leader in IT infrastructure and application consulting. The company is a consulting based technology organization that focuses on delivering the best solutions to its customers. With over 40 years of experience in the technology industry, Alliance Integrated Technology offers unique expertise to its clients. More information is available at www.AllianceITc.com.
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. More information is available at www.sba.gov.