Rent-to-own News - New York Premier Rental-Purchase store receives Top New Business award in SBA ceremony

By Dee Dee Yelverton

Premier Rental-Purchase in New York has been recognized as the "Top New Business" by M&T Bank as part of a U.S. Small Business Administration awards ceremony held December 11 at the Syracuse store. Bernard J. Paprocki, U. S. SBA Syracuse district director presented the “Top Commercial Lender of the Year” award to M&T Bank in recognition of the number of loans and amount of money it has lent to small businesses in central New York. M&T Bank and the SBA recognized Premier Rentals as the top new business for M&T Bank in the central New York area. "I am very flattered that they would recognize a small business in the rent-to-own industry as one of their successful stories in its first year of business," says Rick Vadnais, Syracuse, New York, Premier Rental-Purchase store owner. Debra Angarano of M&T Bank says they wanted to recognize the company for its hard work and efficiency.

"Premier Rentals is doing well and we wanted to recognize Rick and his team,” says Angarano. Trooper Earle, Premier president and chief executive officer, is proud of the team's success. "We are very honored," Earle says. "As an SBA approved franchise, we work very hard to make the process of obtaining a loan efficient for our franchisees." Vadnais opened his store in September 2005 and plans to open a second store in the Syracuse area by the end of 2007.