Tag Archives: small business

SBA loan fuels growth of Adams lab

Laboratory, Analytical & Biological Services of New Oxford relied on a federally-funded SBA 504 loan through Adams Economic Alliance to move from East Berlin and ren-ovate a larger facility, shown above, near Cross Keys in eastern Adams County. PHOTO/SUBMITTED

When Fred Richstien II sought financing last fall to expand his business in Adams County, he heard about a federal loan program that might help him achieve his vision.. By summer, he had a financing package totaling $845,000 in hand for his company, Laboratory, Analytical & Biological Services, or LABS, of New Oxford, part of which included a Small Business Administration 504 loan facilitated by the Adams Economic Alliance.

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A Conversation With: Stephen Gift

Stephen Gift, 63, founded Gift CPAs (formerly Gift and Associates) in 1984 and is today its managing member. The firm was named the 2019 large practice Accounting Firm of the Year by the Professional Association of Small Business Accountants. Gift CPAs has offices in five midstate locations, including Mechanicsburg and Harrisburg.

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A Conversation With: Laura Deitch

Laura Deitch, owner, Pure Barre Mechanicsburg (Submitted photo)

Laura Deitch, 36, opened Mechanicsburg Pure Barre more than two years ago after falling in love with the discipline in New York City, where she worked in public relations and communications. She also teaches classes in the studio, and plans to open a second location later this year.

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The Whiteboard: No excuse not to know thy competition

To plan military strategy, you would start by gathering facts. You would want detailed information about the enemy’s disposition, numbers, armaments and war-fighting doctrine. You’d want detailed maps of the terrain, climate reports and reports on the population where the fighting might take place. You would want frequent, regular updates to this information. Do you take that kind of approach to your business or nonprofit strategy?

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