Home / Knowledge / News / Apparel/Garments / AST Sportswear bags $12.7mn in loans
AST Sportswear bags $12.7mn in loans
04
Jan '13
Mercantile Capital Corporation, one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed a commercial loan for AST Sportswear, Inc. recently for $12,750,000 in total project costs.

AST Sportswear, Inc. is a manufacturer of apparel & headwear made in America, with distribution centers in 15 States. The company primarily specializes in producing active wear under its brand Bayside USA – - from T-shirts, fleece, safety wear, aprons, tote-bags, & headwear to private label garments.

AST’s entire product line is 100% American made – - from the cotton grown in the U.S. to yarn, knitting, fabric dyeing, cutting and sewing at their company owned factories, headquartered in Anaheim. Being a vertical mill allows AST / Bayside to create jobs here in the U.S. and provide superior quality apparel.

“When it comes to SBA loans, people usually think twice about the process,” said co-owner, Taher Dadabhoy. “But, working with Mercantile Capital was a great experience, and the process went smoothly and quickly.”

“They really know how to take care of their clients and I wouldn’t hesitate to use them in the near future again or recommend them to others,” added Dadabhoy.

The SBA 504 Loan Program helps owners of small to mid-sized businesses, like AST Sportswear, Inc., have an opportunity to create wealth and financial freedom. Their specialization in SBA 504 loans allows borrowers to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital, so they can grow even faster

Mercantile Capital Corporation


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X