This new loan programs are called the SBA Express, Patriot Express Loan, Export Express Loan and the new SLA v. 2 Loan Program Workshop. And the class giving all the details on who qualifies and how to apply, etc., is free.
For-profit businesses, both full-time and part-time, including home-based businesses, are eligible.
Those attending will learn how to apply, step-by-step, for U.S. Small Business Administration Working Capital Loans from a lending expert, Sue Malone, director of marketing for Superior Financial, which is a small business itself that helps entrepreneurs get small business loans and is one of the largest SBA licensed lenders in the country.
Having capital readily available is extremely important to small businesses, according to Malone.
“I’ve had several requests from small business owners about these SBA loans,” Malone said. “I’m giving this new class because this is a new SBA loan program.”
These are NOT credit card loans, however. These are SBA guaranteed loans. Malone usually has been able to secure a loan between $5,000 and $25,000 for each business she has worked with.
“It’s important to take the class,” Malone said, “because capital is available. No collateral is required. There are no hidden fees. No prepay penalty. And, the loan works with a businesses cash flow because it has affordable payments.”
To qualify for these loans, 1) the business must be a for-profit business. Startups also qualify; 2) the business must have a positive credit rating; and 3) the loan must be under the business’ name.
And Malone wants to make sure that business owners with less than positive credit make an extra effort to attend this class.
“If you have credit issues, we will address those,” she said. “Don’t let this stop you.”
In addition, other SBA loan program highlights include: Patriot Express loans available specifically for veterans, reservists and the spouse and/or widow of the vet or reservist, as well as a rapid response to the loan application.
Plus, business people attending the class will be able to apply for the SBA loan right at this workshop.
“And, it’s not too good to be true,” Malone said. “We have gotten 30,000 business loans approved in the last nine years. We even kept lending during the recession.”
The SBA loan class will be given on Wednesday, Dec. 12, from 3 to 4 p.m. at the TSBDC at Cleveland State Community College, 3535 Adkisson Dr., N.W.
The classes are free, but registration is required.
Malone hopes to give this class at least once, maybe twice, a year.
To contact Malone, call her at 925-899-8449, or 925-381-8409, or e-mail her at firstname.lastname@example.org.
The local TSBDC, as well as the statewide and online TSBDC, has many more courses available for budding or current entrepreneurs. And most of them are free.
To register online for this new workshop, go to https://www.tsbdc.org/workshop.aspx?ekey=25320027 or call the TSBDC offices at 478-6247.
To see other available classes online, and/or to register, students can also visit www.tsbdc.org.
The center’s office is open Mondays through Fridays from 8 a.m. to 4:30 p.m. and is located in the Technology Building at CSCC in room 126.