Chairman's Message...
SBAC...Making the News!
The Small Business Assistance Corporation will be promoting our dozens of positive Success Stories to the Savannah media and to you each month as a featured piece before its publication.
We'll highlight a successful small businesses that via one of our 12+ loan programs was able to market, grow and expand. These are the businesses who form the backbone of our community and transform their neighborhoods.
You will see these articles appear in the BiS (Business in Savannah), The Savannah Herald and occasionally on the WSAV website. There are great things happening in small business - let's spread the news!
Karl Bohnstedt, Chairman
Small Business Assistance Corporation
What can $2500 do for your business?
Pollard's Lawncare is the dream of James Pollard. He launched in early 2007 and soon had over 30 commercial and residential customers. With an expanding customer base, he needed to upgrade to industrial equipment and hire extra help. So, Mr. Pollard visited the Small Business Assistance Corporation (SBAC). He reviewed several options with one of the Loan Officers and selected the Small Steps to Success loan program as the best fit for his small business need.
Pollard's Lawncare received a $2,500 Small Steps to Success loan. With the acquisition of the new equipment, "I am able to bid on the larger jobs and create a job for someone who needed a second chance," stated Mr. Pollard.
"I encourage an entrepreneur who is trying to expand their business to apply," Mr. Pollard continues, after admitting he hesitated to apply after his first visit to the SBAC.
Debra Simmons, SBAC's Community Development Loan Officer, explains, "The Small Steps to Success Loan Program offers financing to entrepreneurs who cannot access the traditional forms of commercial financing for their business. The idea is to fund business projects in incremental steps enabling borrowers to acquire successively larger loans based upon need and repayment record. For example, in Step One a client may receive up to $2,500 for a term of one year. However, by Step Four the maximum loan amount has increased to up to $15,000 for a term of sixty(60) months." Loans can be made for a variety of business purposes: from product testing to startup to business expansion.
Small businesses in the service industry are well-suited because of their traditionally low overhead burdens. Entrepreneurs with little collateral and credit history issues are also good candidates since the program establishes management capability and a repayment track record for the business.
SBAC clients are the Best of 2010
The SBAC congratulates its many clients who were named the Best of 2010 by Connect Savannah readers.
24e. Jazz'd Tapas
B&D Burgers The Lady & Sons
Ballastone Inn Mellow Mushroom
bar food Merry Maids
Bella's Italian Cafe Noble Fare
Bicycle Link Primary Arts Supply
Blowin' Smoke Red Clover
Carlito's Savannah Day Spa
Casbah Soho Cafe
Churchill's SOL
Dixie Motors Spanky's
Driftaway Cafe Sushi Zen
EOS TailSpin
Gallery Espresso Tantra Lounge
Hirano's Towne, Inc.
Loco's Wangs II
J.Parker's, Ltd. Whelan Chiropractor
The Jinx Zunzi's
In This Issue
What can $2500 do for your business?
2010 Best of Savannah
Mark Your Calendars!
Lenders League
Wednesday, July7th
4:30 p.m. to 6:00 p.m.
Bella's Italian Cafe
4220 Habersham St., Savannah
Network, Meet Area Lenders and Stay Informed!
Email your RSVP
Featured Presenter is Jennifer Salandi, Ballastone Inn. Enter to win $50 gift certificate to the Ballastone Inn. Must be present to enter & win.
What is the SBAC?
The SBAC is a is a specialized, non-profit business development organization licensed by the U. S. Small Business Administration and supported by the City of Savannah and the U. S. Department of Housing and Urban Development to promote economic growth. Since 1989 the SBAC has been offering loan products in the City of Savannah, southeast Georgia and Low Country of South Carolina.
Business Loan Programs
SBA 504 Loan Program
SBA 7(a) Loan Guaranty Program
SBA MicroLoan Program
Savannah Regional Small Business Capital Fund
City of Savannah Direct Loan Program
City of Savannah Business Loan Guaranty Program
HUD Special Purpose Loan Program
Martin Luther King Revolving Loan Program
USDA Loan Program
Contractor/Vendor Working Capital Loan Program
Small Steps to Success Loan Program
Green Solutions Loan Program
CONGRATULATIONS!
2010 Savannah Area Chamber Small Business Award Recipient
Goose Feathers Express Bakery Cafe
2010 Savannah Area Chamber Small Business Award Nominee
Furniture Buzz, Inc.
2010 Savannah Area Chamber Small Business Advocate Nominee
Linda Jaeger
Join Our Mailing List
Subscribe to our mailing list and you will receive free e-mail updates and information from the SBAC. The SBAC respects your e-mail privacy and does not sell your information to any outside entity.
Small Business Assistance Corporation
111 E. Liberty Street, Suite 100
P.O. Box 10750
Savannah, Georgia 31412
Toll Free: 888.287.2137
Phone: 912.232.4700
Fax: 912.232.0385
The SBAC is a is a specialized, non-profit business development organization licensed by the U. S. Small Business Administration and supported by the City of Savannah and the U. S. Department of Housing and Urban Development to promote economic growth.