Small Business Spotlight
In honor of Women’s History Month, SBAC would like to highlight two of Savannah’s local small business owners.
Kay Heritage, owner of Big Bon Bodega and Big Bon Pizza speaks about SBAC’s resources and getting funding to take their business from a food truck to a permanent location.
Learn more about Big Bon family here: https://www.bigbonfamily.com/
Katie Rodgers-Hubbard, owner and founder of Lite Foot Company, Savannah’s very first refillery of sustainable products speaks about using SBAC to fund her retail location.
Learn more about the Lite Foot Company here: https://www.litefootcompany.com/
Childcare Industry Workshop Series
What does SBAC do?
SBAC is a Community Development Financial Institution (CDFI).
CDFIs are certified by the U.S. Department of Treasury to help generate economic growth and opportunity within the communities we serve.
As a CDFI loan fund, SBAC offers small business loans ranging from $1K – $5.5M to businesses throughout Southeast GA and the Lowcountry of SC. We also provide business support services to help with business growth and sustainability.
SBAC in the News
SBAC Can Now Process SBA Loans Quicker
The U.S. Small Business Administration (SBA) has granted SBAC in-house approval authority for Community Advantage loans up to $350k. This authority allows SBAC the ability to fund loans quicker without going to the SBA for approval.
President, Tony O’ Reilly says SBAC can now issue loans that other banks would deem too risky and cut down the processing time of that loan by up to ten days.
Let us know how we can help with your small business loan or business education needs.