Community Express Loan Workshop set

The Tennessee Small Business Development Center at Tennessee Tech University will host a workshop on Nov. 19 entitled "Community Express Loan Workshop."

The purpose of the seminar is to provide a one-stop opportunity for entrepreneurs and small business owners to apply for Small Business Administration-backed loans on the spot. The workshop will take place on Friday, Nov. 19, from noon to 1:30 p.m. at the Vocational Rehabilitation Center located, 955 E. 20th St.

The seminar will be presented by Sue Malone of Superior Financial Group, an SBA lender.

"All entrepreneurs – men and women, students, retirees, current small business owners – everyone is welcome to attend the workshop and apply for a small business loan on the spot," Malone said.

Superior Financial Group is offering small business loans for $5,000, $10,000, $15,000, to $25,000 – in $2,500 increments.

The loans are payable over a 10-year period, and there are some restrictions on obtaining these 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.

If interested in applying for a loan at this workshop, please bring the following items: clear photo copy of your ID or driver's license, evidence of citizenship or legal resident status, your federal tax ID number, and a business check book if you are already in business. Start-up businesses are welcome to apply as well.

Reservations are required and may be made by calling (931) 372-3292 or by registering online at www.tsbdc.org. Admission is free.

The TSBDC network provides free counseling to entrepreneurs and small business owners and operates statewide to assist the small business community. For more information on the TSBDC, visit our website, www.tsbdc.org, or contact the SBDC in Cookeville at (931) 372-3648.

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