Small Business Loans with Sam's Club

Small Business Loans with Sam's Club

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(Best Syndication News) - Sam's Club began to offer small business loans ranging from $5,000 to $25,000 for qualifying Sam's Club members. This is a pilot program that is being offered with the Superior Financial Group who is the Nation’s leading Small Business Administration (SBA) lender.

These small business loans are for current business owners and for those that want to start-up a new business venture. According to the National Federation of Independent Business, only half of small businesses got all of the money that they need for their business.

The Sam's Club small business loan is designed to help out Main Street minority, women and Veteran owned small business owners and micro-entrepreneurs. The loans products available are the Community Express, Patriot Express and Export Express loans which are under the Small Business Administration's (SBA's) Premier Outreach Express program.

You can apply for a small business loan if you have membership with the warehouse club. During the initial pilot of the loan program, members that apply online for a small business loan will receive $100 off the application fee for the loan and also a 7.5 APR which is a 25 basis point discount. The loans are 10 years in length and there are no early repayment penalties. The annual membership fee for businesses are $35 per year at Sam's Club.

Sam's Club will be testing store location marketing at some of their locations, but the main test pilot will be offered online at samsclub.com In addition to offering small business loans, Sam's club also offers other business services such as credit card processing.

By: N Wilson

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