Direct Business Lending

Office Depot Offers SBA Loans

Posted on Tuesday, July 12th, 2011 at 12:15 am.

The aisles of Office Depot have long kept small businesses stocked with stationary, staplers, file folders and other supplies. Now they can pick up another necessity: Cash.

This week, the Florida-based office-supplies chain announced a partnership with Superior Financial Group, a Walnut Creek, Calif. lender, to provide Small Business Loans to qualified borrowers of up to $25,000.

According to the online application, there is no fee to apply and approved borrowers receive a 10% discount off the loan origination fee. The loans can be repaid over a period of eight years, keeping monthly installments low, with no penalty for early repayment.

The move comes at a time when smaller companies are still struggling for credit. A recent study by Pepperdine University found only 17% of small businesses that sought a bank loan in the past six months were approved. Small-business owners consistently rank access to capital as a top concern.

Monica Luechtefeld, Office Depot’s executive vice president of global e-commerce, said in a statement that the new loan program will help small-business owners get the “funds they need to start, run and grow their business.”

Superior Financial Group is a federally regulated Small Business Lending Corporation, which is a non-bank lender overseen by the SBA that issues government-backed small-business loans.

Source

SBA ARC Loan: Is your business in a financial hardship?

Posted on Friday, April 23rd, 2010 at 1:14 pm.

Is your business in a financial hardship, having a difficult time meeting expenses, Direct Business Lending can help you obtain a SBA ARC Loan from the Small Business Administration.

The SBA ARC or America’s Recovery Capital Loan Program can provide up to $35,000 in short-term financing for businesses who are facing immediate hardship, financially. Let Direct Business Lending help package your SBA loan today.

If you would like to speak with a Direct Business Lending Loan Consultant regarding the SBA ARC Loan, please visit Direct Business Lending today.