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13 February 2006

SBA Loan Clinic

$5,000 to $50,000 SBA Loans
No Collateral Required

The U.S. Small Business Administration in conjunction with the Pell City Chamber of Commerce, Jacksonville State University Small Business Development Center, Jacksonville State Center for Economic Development, and the Alabama Small Business Institute for Commerce are hosting a one-day loan clinic at the Chamber of Commerce Office located at 1618 Cogswell Avenue, Pell City, AL on Thursday, February 23, 2006. Start-up and existing business owners will be able to apply for loans of up to $50,000 that are unsecured (require no collateral) and are backed by the SBA.

Using the Community Express program, the loan program requires the client to receive business counseling from a technical assistance provider (TAP) before approved loans are disbursed. The Jacksonville State University Small Business Development Center will have representatives available to schedule counseling and to assist with the application process. The workshop and counseling are free.

“I’m very excited about these new programs and the participation of our lending partners and resource partners.” says Michael Ricks, Alabama SBA Director. “We now can offer applicants tools that can provide access to capital. These new products and technology provide these services to the citizens of Alabama in a timelier manner.”

The event will be held Thursday, February 23, 2006 from 12:00 noon until 3:00 p.m. Group presentations of the SBA programs will be made at 12:00 noon, 1:00 p.m., and 2:00 p.m.

For more information concerning the loan clinic, contact the Pell City Chamber at (205) 338-3377 or the Jacksonville State University Small Business Development Center at (256) 782-5271.

Funded in part through a cooperative agreement with the U.S. Small Business Administration.

Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact Suzi Donaldson, JSU SBDC, 700 Pelham Rd. North (113-A Merrill Bldg.), Jacksonville, AL 36265, (256) 782-5271, to make arrangements.

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