The SBAC, in partnership with the Savannah Development and Renewal Authority, is offering a temporary loan program to assist retail businesses in a designated area within Downtown Savannah during the holiday season.
Retailers located within the boundaries of River to Victory Drive and from West Boundary to General McIntosh; and from MLK and Montgomery from the River to 52nd Street are eligible for this program.
The loan program offers funds up to $7,500 with a 5% fixed rate and 5-year repayment period. Borrowers can use the loan to purchase inventory, advertise, payroll, merchandising, or working capital to sustain or expand daily operations.
For more information on the Greater Downtown Retail Improvement Loan, please contact Stephen George, SBAC's Sr. Business Development Specialist.
Marie Murphy, Chairman
Small Business Assistance Corporation
SBA 504 Interest Rate Hits All Time Low of 4.86%
20 Year Debenture Rate for October, 2009
This is the first time the 20-year fixed interest rate on SBA 504 loans has dipped below 5.00% to 4.86%.
If you have ever thought about purchasing commercial property, now is the best time. The SBAC is here to help owners of small and mid-sized businesses get the financing they need. We are still closing loans that allow entrepreneurs to capitalize on low down payments and extremely low interest rates.
SBA 504 Benefits
Lender Benefits & Business Owner Benefits
For more information on SBA 504 Loans contact the SBAC at 912-232-4700 or email sbac@sbacsav.com.
SBAC Clients Prove They are the Best
Since 1989 the SBAC has been assisting small businesses located within southeast Georgia and the low country of South Carolina with their funding needs. Below are just a few examples of the SBAC's & Savannah's best!
Congratulations to SBAC Client Structured Green, LLC for receiving the "Innovative Achievement in Sustainability" Award from the Creative Coast Alliance.
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Congratulations to all SBAC Clients Who Received Savannah Magazine's 2009 "BEST OF" Awards
BEST ITALIAN & KID FRIENDLY DINING
Bella's Italian Cafe
BEST SUSHI
Sushi-Zen
BEST NEW RESTAURANT
Sol
BEST TAKE-OUT
Zunzi's Take Out
BEST BARBECUE
Blowin' Smoke BBQ
BEST FURNITURE/HOME DECOR
24e
BEST FASHION VALUE
Red Clover
BEST MEN'S CLOTHING
J. Parker Limited
BEST BAR FOOD/COCKTAILS/FIRST DATE/GIRLS' NIGHT OUT/MEETING SINGLES
Jazz'd Tapas Bar
BEST NIGHTLIFE TRIVIA/GAME NIGHT
Locos Grill and Pub
BEST LATE-NIGHT SPOT
Saya Lounge
For a complete list of award winners contact the Savannah Magazine. Information taken from the September/October issue of Savannah Magazine.
In This Issue
SBA 504 Rate Hits All Time Low
SBAC Clients are the "Best"
Lenders League
SBAC Loan Programs
Lenders League Networking Hour at
Blowin Smoke BBQ
John Skiljan, Owner of Bicycle Link, with his sisters Michelle Skiljan and Dana Skiljan at the Lenders League Networking Hour.
Mark Your Calendar!
Wednesday, November 4th
4:30 p.m. to 6:00 p.m.
Tantra Lounge
8 E Broughton St., Savannah
Network, Meet Area Lenders and Stay Informed!
Email your RSVP
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
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