The Business Loan Specialists. 

May 2010 Newsletter

Header Forsyth Fence
 
KarlBohnstedt
Chairman's Message...
ARRA Fee Reductions Expire May 30, 2010
 
The SBAC reminds you that the SBA 504 Loan Program's reduced fees and lower rates as a result of the stimulus package will expire May 30, 2010. 
 
How could your business benefit from these funds?
Low Down Payment With financing up to 90% of the project cost, SBA 504 loans offer an affordable down payment option.

Long Term Fixed Rate on the SBA portion. The borrower does not have to worry about unforeseen rate increases.
 
During Stimulus Period (expires 5/30/2010), no origination fee.
 
Predictable Monthly Payments: SBA 504 financing allows small business owners to fix their occupancy costs with an attractive, 20-year, fixed interest rate.*

For more information on the SBA 504 Loan Program, please contact Wendy J. Jeffers, SBAC's Sr. Lending Officer.

Karl Bohnstedt, Chairman
Small Business Assistance Corporation

* subject to eligibility.
 
Google Partners with SBA
 
Google and the SBA partnered to launch an online tool for small businesses. It is designed to help small businesses harness new and existing technologies to grow their businesses. 

Tools for Online Success features tutorials, testimonials, and tips from other small business owners who have utilized specific features on the web to make their business more effective and efficient.

Continued success stories like these are the goal of the Google/SBA partnership. Visit the "Tools for Online Success" website for a full run-down, but here are a few easy tips all small business owners should be using:*

· Establish your online presence. One out of five searches on Google are related to location. Most local online listings such as Google Places are free, and if your business doesn't have a website, there are ready-made site templates and free hosting services that make establishing an online presence easy.
· Use free marketing to reach customers. You can build a fan base with free services like YouTube, Facebook and Twitter that keep your customers in-the-know about new products or specials and aware of promotions. These services are great "word of mouth" platforms - where a customer following you might tell their friends about your business.
· Know your customers. Easy to use web analytics tools can tell you a lot about your customers by analyzing what search term brought them to your website or what they look at while they are there. This information can help you make smart decisions about what you feature and what search terms you should run search ads on.
· Keep an eye on the latest trends. The growing popularity of smartphones means that more and more customers are searching for local information on the go. This makes it all the more important that a business's online presence be accurate and up-to-date. You can link to your menu, give users driving directions, and even post digital coupons.

* courtesy of the SBA.gov website
SBAC Welcomes Mitul Patel, Mary Catherine Mousourakis & Cara Garland

Mitul Patel joined the SBAC as their new Commercial Loan Processor & Packager. Mr. Patel is responsible for the review of financial packages and financial statement spreading for various loan programs. In addition, he analyzes the information and documents for presentation.

Mary Catherine Mousourakis is the new Communications/PR Associate.  Mary Catherine will be responsible for implementing communications or marketing related projects, assist in coordinating events and will help to promote the various programs offered by the SBAC.
 
Cara Garland has joined the SBAC as the Loan Closing & Servicing Assistant. Cara will provide customer support for SBAC and SBA loan closing and post closing administration.

"We are pleased to have Mitul, Mary Catherine and Cara join the SBAC. Their varied expertise and experience continue to strengthen our organization," stated SBAC President Tony O'Reilly. 
 
Mitul can be contacted at mpatel@sbacsav.com, Mary Catherine at mmousourakis@sbacsav.com and Cara at cgarland@sbacsav.com.
In This Issue
Google & the SBA
SBAC Welcomes New Employees
What's Happening
 
 
Mark Your Calendars! 
Celebrate: National Small Business Week!
May 23rd - May 29th

Is there a store, boutique, market you walk by and always want to stop in? Don't wait a minute longer. Take a week to show support for our business neighbors.

Lender's League
Wednesday, May 26th
4:30 p.m. to 6:00 p.m.
Il Pasticcio
2 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.
 

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