SBA Express / Community Express Program
The Small Business Administration is currently offering
SOHO Small Office Home Office “loans”. We are Technical Assistance Providers
(TAPs) through WoodForest National Bank, Innovative Bank and Business Loan Express. This program consists of pre- and post-loan
technical assistance including—accounting, marketing, e-commerce, business planning,
computer assistance and financial packaging workshops—to help build your business
free
of charge.
Applicants may apply for loan packages in
the following increments $5,000 to $50,000.
Payments are as low as $92.00/month payable over a 7-year period.
Program eligibility, credit approval, and workshop attendance or technical
assistance is required for loan package submission and authorization.
Woodforest applications may be requested by e-mailing Accent on Eduation.
Innovative Bank loan application may be found
at
http://www.innovativebank.com.
Other loan products are available through Career Options, Inc.,
our not-for-profit organization, through Business
Loan Express. Go to the BLX website at
http://www.blxonline.com
for an application and details. We can serve as your technical assistance provider
and process your paperwork for loans up to $50,000.
Process for beginning the loan package for Community Express Loans
All applicants must be prescreened, attend a workshop
or have a one-to one meeting sponsored by Accent on
Education or Career Options,
complete the application, submit the application along with required documents,
and wait up to 48 hours for approval and up to 30 days for completing the lending
process. If you are unable to attend a workshop, you may schedule a one-on-one
meeting with our consultants.
Documents Required for
Loan Submission.
An authorized SBA Technical Advisor approved by Woodforest Bank, Innovative
Bank or BLX may submit loan documents.
The following documents may be required for loan submission:
- Business Organization Information
- SBA Express Loan Application Borrower Information Form (Separate form required for all owners of 20% or more & guarantors)
- SBA Community Express Loan Agreement
- TA Action Plan—with borrower’s and TA’s signature
- Copy of Driver’s License
- Business account checks for application fee—made payable to the bank —if a new account without preprinted information, a statement from bank including business name, account number and routing number is required
- If not a U.S. Citizen; Copy of Green Card or Business Visa Company with Form G845—Document Verification Request Form
If the following criterion does not disqualify you, please
e-mail us for an application for Woodforest National Bank at
info@aoe-inc.com.
Complete application on line for Innovative Bank at
http://www.innovativebank.com or
http://www.blxonline.com
. All applications must be given to us for processing and Certification of Technical
Assistance. You may also contact Accent
on Education for additional details at 713-528-6557.
Community Express Loan Workshops are held at Houston Community
College Campuses—Northeast, Central and Southeast campuses.
Send an e-mail for a copy of the training schedules or contact our offices
for sites, dates and times.
You are
ineligible to apply for a Community Express
Loan if you meet any of the following criteria:
- You are currently under indictment, parole, or probation.
- You have been charged with or arrested for any criminal offense (including offenses which have been dismissed, discharged, or nolle prosequi).
- You have filed for bankruptcy within the past 2 years.
- You have federal/state/local tax liens.
- You have defaulted on a government or student loan.
- You have a felony conviction within ten years.
- You have defaulted on child support payments.
- Not current on Credit Card Accounts.
Community Express Workshops are held at three Houston Community College Campuses—Northeast, Central and Southeast. Send an e-mail for a copy of the training schedules or contact our offices for sites, dates and times.
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