Wednesday, October 20, 2010

Superior Financial Group Initiative

Superior Financial Group was founded in 2005 to provide access to capital for Underserved Businesses utilizing SBA express products. One of only 13 federally licensed non bank lenders (SBLC) allows SFG to focus on innovation and technology to provide speed and efficiency in the Financial Industry. SFG is a leading SBA lender in total number of loans and in six of the Minority owned business groups SBA tracks.

* African American
* Women Owned
* Hispanic Community
* Native American.
* Veteran Loans
* Export Loans

To help support small business and its business members, the Sam's Club, a division of Wal-Mart Stores, Inc., (NYSE:WMT), announced it was testing an online program with Superior Financial Group, which would make $5,000 to $25,000 loans available to its members who qualify. In a November 2009 state of small business survey conducted by Sam's Club, nearly 15 percent of its business members reported being denied a loan to run their operation, up from 12 percent in April 2009. The Sam's Club launched a small business loan pilot program, the first-of-its-kind that would complement other offerings that cater to small business including low rate merchant credit card processing.

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