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March 2, 2007

SBA Community Express Loan Program set for March 12

Both existing and start-up businesses may gain valuable insights at the free SBA Community Express Loan Program Monday, March 12 from 6 – 8 p.m. at the ÍøÆØÃÅ Administration Building, room 2-105.

The program is specifically designed to increase working capital, help business owners meet daily operating expenses and accelerate growth.

The title loan is intended to provide business working capital after acquisition has been completed. Start-up businesses are allowed, and there is a fast turn-around time.

The loan range is from $5,000 – 50,000. Decisions are primarily based upon the Fair Issac Credit Scoring Model (involving personal payment habits) and SBA eligibility. The listed interest rate is WSJ Prime plus 4.75 percent. No collateral is required. This is an unsecured loan program with 85 percent SBA guarantee. There is no prepayment penalty.

For more information, contact (318) 342-1224.

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