American Textile Company Opens Manufacturing Facility in Tifton, Ga.

/PRNewswire/ -- Today, American Textile Company (ATC) officially marks the opening of its new Tifton, Ga. manufacturing facility with a grand opening celebration. As a major manufacturer of basic bedding, ATC chose Tifton as a manufacturing location to strategically service the Company's customers in the Southeast. The 218,000 sq. ft. state-of-the-art facility will manufacture bed pillows, one of the key product categories for future product expansion by the Company. The opening of the Tifton facility finalizes ATC's nationwide pillow manufacturing strategy.

The facility will employ 65 people initially. "In a remarkably short time, the Company has completed facility renovations and brought manufacturing capabilities online. The efforts of these dedicated employees have enabled us to begin manufacturing pillows immediately," commented Mark Bachner, Senior Vice President of Operations for ATC.

"Today's grand opening symbolizes American Textile Company's commitment to providing quality service to our customers throughout the U.S. and Canada," said Lance Ruttenberg, President and Chief Operating Officer. "By manufacturing and shipping pillows from strategically planned locations throughout the country, we have reduced transportation costs for many of our customers and reduced delivery times."

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Wingstop to Add 20 Restaurants in Atlanta Area

/PRNewswire/ -- Just months after being acquired by Atlanta-based Roark Capital Group, Wingstop has announced plans to aggressively expand its presence in the Atlanta area. The fast-growing national chicken wing chain plans to add 20 additional locations in Atlanta over the next several years.

The growth will be accomplished through franchising, and to help local entrepreneurs get into business, the company is offering introductory incentives for new franchisees that join the Wingstop system.

The expansion effort begins with an Atlanta open house April 20-21 where franchise candidates will have an opportunity to learn about Wingstop's plans and meet one-on-one with company executives.

Wingstop has 480 locations throughout the U.S. and Mexico. Based on the success of those stores, the award-winning chain believes Atlanta is an ideal market for growth.

"Our restaurants have a very loyal fan following with a lot of potential for expansion," said David Vernon, vice president of franchise sales for Wingstop. "That, coupled with the simple operating platform of cooked-to-order wings and fresh-cut fries makes Wingstop an ideal concept for entrepreneurs and multi-unit operators in Atlanta."

The Texas-based company was founded in 1994 with a sole focus on cooked-to-order chicken wings sauced in nine proprietary flavors and began franchising in 1997. Today 95 percent of Wingstop's restaurants are franchise owned and operated, and the company has experienced more than seven consecutive years of same store sales increases.


Event registration:


To schedule a one-on-one meeting in Atlanta to learn more about development opportunities, please contact Steve Sweetman at ssweetman@wingstop.com , 919-870-7860 or visit www.wingstopfranchise.com .


Qualifications:


A minimum net worth of $400,000 and liquid capital of $200,000 is required. 

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SBA Disaster Loans Available in Georgia Following Secretary of Agriculture Disaster Declaration

(BUSINESS WIRE)--The U.S. Small Business Administration announces today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Camden, Charlton, Clinch, Echols and Ware counties in southeastern Georgia as a result of drought that began on January 1, 2011.

“When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to assist eligible entities affected by the same disaster”

“These counties are eligible because they are contiguous to one or more primary counties in Florida. The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.

“When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to assist eligible entities affected by the same disaster,” said Skaggs.

Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of the disaster. With the exception of aquacultural enterprises, agricultural producers, farmers and ranchers are not eligible to apply to SBA, but nurseries are eligible to apply for EIDLs for losses caused by drought conditions.

Loan amounts can be up to $2 million, with interest rates of 3 percent for non-profit organizations and 4 percent for small businesses. Terms can be up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. The agency sets loan amounts and terms based on each applicant’s financial condition. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.

To obtain information on the SBA’s Disaster Loan Program, application forms or to apply online visit www.sba.gov, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for people with speech and hearing disabilities) Monday through Friday from 8 a.m. to 6 p.m. ET or send an e-mail to disastercustomerservice@sba.gov.

Completed loan applications must be returned to SBA no later than December 5, 2011.

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