Houstonian Corner (V9-I17)

UCB Has Abundant Funds For SBA & Other Commercial Loans

PCC-USA Forum On SBA Loans – Taxes and Investments

The Pakistan Chambers of Commerce (PCC)–USA in Houston is one of the leading associations of USA Entrepreneurs of Pakistani origin.

Every month, PCC-USA organizes a business seminar. Their last forum was on Small Business Administration (SBA) Loans, the taxes one pays to Uncle Sam, and proper investments to save money and taxes.

The United Central Bank (UCB), whose staff is mainly from our community, is a leading financial institution for SBA Loans and called the Nationwide SBA Preferred Lender. Vice-President Sam Rukh, Assistant Vice-President Aziz Raheem, Assistant Vice-President Zafar Khan, and Commercial Lending Officer Lee Lightfoot were present to give a brief history of UCB and how they have an abundance of money available for viable small business.

UCB also celebrated their 20th Anniversary this past Tuesday with a grand luncheon at all their locations. For more information, one can call Sam Rukh or Zafar Khan at 713-395-8822, Aziz Raheem at 713-395-3371, or Lee Lightfoot at 713-395-4607.

Also a part of the forum was H. R. Shaikh & Seyar – LLP, who are one of the leading CPA firms in Texas and Georgia. The owners are Haroon Shaikh and Farooq Seyar. Basic concepts behind the two hundred new changes to the Tax Law that have come into effect after the tax tables and Literature of Year 2006 were prepared, was presented by CPA Mohammad Rashid Yousuf – CPA/CFP.

He emphasized that computer filing should be used for this year, since all the new changes are on the computer, but missing on paper. Those with an extension to file their taxes and who want to utilize these new tax laws can get further information from Mohammad Rashid Yousuf at 713-328-4148.

Larry Herman CPA – CFP, Senior Partner at H. R. Shaikh & Seyar – LLP, spoke eloquently about mutual funds and other vehicles that can be used to save on taxes and, in turn, for ones’ retirement. Larry Herman can be reached at 713-328-4101.

Gov. Perry, Black Caucus take up TSU issues (AP)

Gov. Rick Perry will soon meet with the Texas Legislative Black Caucus to talk about the future of Texas Southern University.

In order to get the school’s huge debt under control, the governor wants to replace the school’s board of regents with a single conservator who would be in charge of spending.
The plan has come under fire with some TSU staff members saying the governor should simply replace the board with competent candidates and allow them to solve the school’s problems.

Good Role Models

Houston couple donates $2 million to OSU

A Houston-based energy marketer and his family donated $2 million today toward a building project for the Oklahoma State University business school. University officials said that in honor of the donation, OSU would name the trading floor of its Spears School of Business the Charles L- Watson Trading Floor.

Watson is a 1972 OSU business graduate. He is the co-founder and chairman of Eagle Energy Partners, a business established in 2003 that focuses on the purchase, distribution and sale of natural gas and electric power. He also is chairman of a venture capital company and a partner in a real estate firm.

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