NOW AVAILABLE: SMALL BUSINESS ADMINISTRATION Economic Injury Disaster Loans in TN
 
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Tennessee small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
 
These loan funds can be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.
 
Applicants do not go through a bank to apply. Instead apply directly to SBA’s Disaster Assistance Program at:
DisasterLoan.sba.gov
 
Tennessee Small Business Development Center (TSBDC) at Southwest Tennessee Community College Staff began training last week with SBA to assist small businesses with their EIDL applications in Shelby and Fayette Counties. No small business applying should pay anyone or a company for assistance. If you would like free one-on-one assistance with your application, want to know more about eligibility, or have other questions, please follow these steps:
 
2. Select “Request Free Advising”
3. Select “Local Advising” and Choose Your County
4. Complete the Requested Information (SBA Counseling Form 641)
5. TSBDC Business Counselor will contact you within 48 hours to set an appointment and/or start the process.
The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship.
 
There is no cost to apply. *There is no obligation to take the loan if offered. Begin to gather this information:
Business information
Contact information and social security numbers for all applicants
Employer Identification Number (EIN) for business applicants
Insurance information
Financial information (e.g. income, account balances and monthly expenses) – Know the total amounts and payments due for debts that will be paid over the next 10 months or longer (i.e. mortgages, credit cards, etc.)
Other key information:
Use Internet Explorer or Mozilla Firefox to apply.
The ‘Help Button’ provides useful information for each page.
Use the ‘Save Button’ frequently.
Be patient and keep trying if you experience slow load times.
What’s next after applying? What should you expect?
You will receive email confirmation that your application has been submitted.
You will receive an email letting you know that your application is under review.
BE PREPARED: You will be contacted by someone from the SBA.
Have your monthly expenses and financial projections ready when contacted (TSBDC can assist).
 
TSBDC counseling will continue via phone, email and online video conferencing methods until further notice. If you have any questions, please email Mrs. Tammy Partee at tpartee@tsbdc.org or swtcc@tsbdc.org.

FOR IMMEDIATE RELEASE

For more information, contact:

James Seacat

(901) 529-4544; jseacat@mifa.org

Cadence Bank and MIFA Team Up for Free Finance Classes

Memphis, Tenn. (May 29, 2015) Cadence Bank and MIFA, the nonprofit social services organization, will present Cadence Community Connection @ MIFA, a series of 12 free monthly classes on personal finance.  Starting June 10 and running through May 11, 2016, the sessions, open to the public, will be held the second Wednesday of each month from 10 to 10:45 a.m. at MIFA’s Midtown headquarters at 910 Vance Ave.

Led by Cadence Bank representatives, the classes offer a range of informative topics including payday loans, holiday budgeting, savings and retirement, credit recovery, student loans, healthcare expenses, and more.

The schedule is as follows:

June 10 – Personal Finance

July 8 – Buddy Banking (introducing children to banking)

August 12 – Student Loans

September 9 – Personal Finance

October 14 – Payday Loans

November 11 – Holiday Budgeting

December 9 – Personal Finance & Income Taxes

January 13 – Crisis Budgeting

February 10 – Credit Recovery

March 9 – Personal Finance

April 13 – Savings & Retirement

May 11 – Health Care Expenses

#   #   #

About Cadence

Cadence Bank proudly contributes to the economic vitality of the communities we serve through financial investments and volunteerism.

About MIFA

Founded in 1968, MIFA serves over 50,000 people annually as it works to unite the community through service. Its mission is to support the independence of vulnerable seniors and families in crisis through high-impact programs

Our vision: Uniting the community through service.

Our mission: Supporting the independence of vulnerable seniors and families in crisis through high-impact programs.

The Beta Epsilon Omega Chapter of Alpha Kappa Alpha Sorority, Inc. presents The Financial Fitness and Homeownership Workshop to be held on June 11th, 2015 at 1524 Madison Avenue from 6 PM8 PM. The event will provide a wealth of information and resources, including: easy savings tips, how to navigate the home buying process, and direct access to on site lending and real estate professionals. The workshop is a great opportunity to learn and/or strengthen overall financial literacy and develop a plan to start building assets.
For more information, contact Ireti Horn 901.605.5587

FinancialFitness-IG

“What Young Adults Need to Know” Banking Seminar

SBA Tennessee’s Business Loan Blitz

Monday February 10, 2014 10:30a & 5:30p

Renaissance Business Center, 555 Beale St.

10:30 Class HERE!     5:30 Class HERE!

 

Need a small business loan to start your business?  Need additional working capital to take your business to the next level?  SBA Tennessee’s Small Business Loan Blitz Week kicks off in Memphis on Monday, February 10th.  Apply for small SBA loans with the #1 SBA Loan Provider based on volume Sue Malone of Superior Financial and proactive SBA microlender, Pathway Lending.  At the conclusion of this workshop, you’ll be fully equipped to apply for a small business loan.  Registration is required. Limited seating.

 

What:  THE ABC’S OF FINANCIAL AID LITERACY/COLLEGE FAIR

Who:  Partnership between Middle Baptist Church (Whitehaven) and Post Secondary Institutions

Where:  Middle Baptist Church (Whitehaven)/801 Whitehaven Lane/Memphis, TN  38116

When:  Saturday, February 2, 2013 / 8:30 AM-12:00 Noon                                                                                    

 TOPICS 

*Data Retrieval System

*Scholarships

*Direct Stafford Loan Program/Undergraduate / Graduate

*Direct PLUS Loan Program

*Lifetime Eligibility Used (LEU)

Keynote Presenter:  Ms. Felicia Orr, Outreach Specialist                                                      Tennessee Student Assistance Corporation

 Complete a Registration Form and return via fax at 901-396-0986, or by mail to Middle Baptist Church, 801 Whitehaven Lane, Memphis, TN 38116 no later than Thursday, January 31, 2013.

 

MBC Registration Form 2013