12.15.09
Comments: Comments Off
Author: twells
Filed In: Uncategorized

Area Lenders Help “Stuff the Stocking” for the Holidays

"Stuff the Stocking" Holiday Drive to benefit Safe Shelter, Inc.

SBAC Loan Officers Stephen George, Wendy Jeffers and Debra Simmons present Natalie Leggette, Safe Shelter, Inc., with three stockings of donated items from the “Stuff the Stocking” Holiday Drive during the December Lenders League Networking Hour.  

“We had a tremendous turn out for the drive,” stated Laura Blake, SBAC’s Loan Packager and founder of the Lenders League. “I want to thank all of the area businesses and members of Lenders League that made contributions to this worthwhile cause.”   

Lenders League is organized by the SBAC and is a free networking group of local bankers and professionals who are looking to expand their business and make connections.   The next Lenders League Networking Hour is slated for Wednesday, January 20th from 4:30pm to 6:00pm at B Matthews, 325 E. Bay Street, Savannah.

11.16.09
Comments: 0
Author: twells
Filed In: Uncategorized

Jeffers Joins SBAC as Sr. Lending Officer: SBA Programs

wendy-headshotWendy Jeffers has joined the Small Business Assistance Corporation (SBAC) as their Senior Lending Officer: SBA Programs. 

A graduate of Valdosta State, Jeffers has worked in the finance industry specializing in SBA programs for over 10 years. She is a certified economic development finance professional as well as a certified consumer credit counselor.

Wendy will primarily focus on supplying information and supporting area small businesses and lenders who may benefit from using SBA 504 and 7(a) loan products.  Incentives include long term, fixed rate permanent financing as well as low down payments.

“Wendy is a tremendous asset to our organization,” stated SBAC President Tony O’Reilly. “Her expertise in finance along with her experience in SBA loan origination will aid us in expanding our loan portfolio and will be a major benefit for our clients.”

The SBAC, located at 111 E. Liberty, Suite 100 in Savannah, 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.

If you would like more information about SBA loan programs, please contact Wendy Jeffers at 912-232-4700, mobile 912-398-3090, email wjeffers@sbacsav.com or visit online at www.sbacsav.com. The SBAC is an equal opportunity lender, provider and employer.

05.11.09
Comments: 0
Author: twells
Filed In: Uncategorized
Tags:

SBA Announces Increased Guaranty on 7(a) Loans

Since the signing of the economic Recovery Act, the Small Business Administration (SBA) has announced they are temporarily waiving certain loan fees and raising guarantees on 7(a) loans up to 90 percent. What does this mean for small businesses? Businesses will more likely be able to obtain capital at a lower cost. 
 
“I believe this is a major step in helping businesses receive financing that has not been available as of recent due to the economic downturn,” stated SBAC President Tony O’Reilly. “The SBAC is an established SBA lender and we are here to assist businesses utilize this opportunity.”  

For more information on SBA loan programs, contact Stephen George, Sr. Business Development Specialist.

05.11.09
Comments: 0
Author: twells
Filed In: Uncategorized

SBA 504 Interest Rate Hits Low 5.25%

Interest rates for the SBA 504 loan program have reached an all time low according to the National Association of Development Companies (NADCO). The effective rate for April 2009 is 5.25%.    “What a tremendous opportunity for small businesses. This is the lowest it has ever been since the program began in 1986,” stated SBAC President Tony O’Reilly.   

The SBA 504 loan program provides small businesses with long term financing for fixed assets. Borrowers that close under the current effective rate of 5.25% will lock in this historically low rate for a 20 year term. Since its inception 504 has funded nearly $40 billion in loans to small businesses. Locally the SBAC participated in lending over $78.5 million.    

For more information on the SBA 504 program, contact Stephen George, Sr. Business Development Specialist.

04.01.09
Comments: 0
Author: sbacteam
Filed In: Uncategorized

SBAC Welcomes Caroline Kambua Steele as Administrative Analyst

The Small Business Assistance Corporation (SBAC) is pleased to welcome Caroline Kambua Steele to its organization as the new Administrative Analyst. Caroline will assist with the daily administrative and technical assignments that include analyzing and interpreting data and preparing correspondence and reports.

“Caroline brings a strong accounting and administrative skills to our organization,” stated Tony O’Reilly, SBAC President. “Her diverse background will be an asset to the SBAC.”

Read More »

01.22.09
Comments: 0
Author: admin
Filed In: Uncategorized

SBAC Names Tracy Wells as Communications/PR Associate

 

Tracy L. Wells has joined the Small Business Assistance Corporation (SBAC) as their new Communications/PR Associate.  

 Tracy will be responsible for implementing communications related projects, assist in coordinating events and will help to promote the various programs offered by the SBAC.

“We are pleased to bring Tracy on board. We believe her expertise and experience in marketing will strengthen our presence in the business community,” stated SBAC President Tony O’Reilly. 

Tracy, originally from northern Indiana, has a background in marketing and communications.  She was previously employed as Vice President of the Greater LaPorte Chamber of Commerce in LaPorte, Indiana. She and her husband Carl now reside in Rincon.

Read More »