The Business Loan Specialists. 

October 2009 Newsletter
 
City of SavannahChairman's Message...
New Greater Downtown Retail Improvement Loan Program
 
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.
 
________________________________________ 

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
 
Bicycle Link 
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! 
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.
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. 
SBA           City of Savannah            USDA  
The Small Business Assistance Corporation is an equal opportunity lender, provider and employer.
 

Forward this issue to a Friend