Sunday, March 7, 2010

Small Business Loan Seminar Scheduled

The Tennessee Small Business Development Center will host a workshop in Cookeville next week on small business lending. The seminar, entitled "Community Express Loan Workshop," is to provide a one-stop opportunity for entrepreneurs and small business owners to apply for U.S. Small Business Administration-backed loans on the spot. The workshop will take place from 10 to 11:30 a.m. on March 18th in the Vocational Rehabilitation Center, located at 955 E. 20th St. The seminar will be presented by Sue Malone of Superior Financial Group, an SBA lender. Superior Financial Group is offering small business loans for $5,000; $10,000; $15,000; or $25,000 - all in $2,500 increments. The loans are payable over a 10-year period, and there are some restrictions on obtaining the loans, according to Malone. Persons with a criminal history or anyone who has defaulted on a government loan, such as a student loan, are not eligible. Non-profit organizations are also not eligible. For more information, call 372-3648.