Did you hear the news? Retailers Launch Their Own Stimulus Packages
For some, this could be the right time to launch a business. What strikes me as the most interesting about the article is this note about Sam’s Clubs –
Sam’s began testing the program in May and will soon start marketing S.B.A. loans of $5,000 to $25,000 for its members nationwide. Superior Financial Group, which is managing the loans, gives Sam’s members a $100 discount on the application fee, and lower interest rates, because of how much business it expects through the arrangement.
The Sam’s Club application is online and seems to cut down on the bureaucracy and “nightmare” you’d associate with an SBA loan. According to the article, the small sample of applicants had been approved at a rate of 45% and one man’s revenues jumped from $3000 to $8000 per week because he was able to expand the services he provided for an existing customer!
Perhaps this program can get some good news headed in your direction?
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