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Justine Petersen PDF Application for Micro Loan  Form

Justine Petersen PDF Application for Micro Loan Form

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Al I have Dennis Melton here the SBA to say a few words Dennis please come on up well I would like to uh Echo I think what Don said this is our second event of the week and the first one was uh primarily lenders uh we gave out our Awards we give an award uh every year to our top lenders those that make loans to small businesses we base it on dollar amounts that they loan and uh it was a great event we were at the Crown Plaza over in Clayton I think we had about 130 people there but I also want to recognize Rob and his group here gayen Sherry and the Gang here they do a fabulous job adjusting so they are what we call an intermediary lender and that's someone who actually borrows money from SBA and then turns around and makes it in small amounts we call it micr loans used to be 35,000 or less they just raised it to 50,000 or less so what they do is they borrow a pot of money from the SBA they loan it out they're on the hook for it so they're looking for repayment

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