By Karen Axelton
Looking for a small business loan? Now, getting one might be as easy as visiting the Office Depot website. The office supply giant recently announced a new partnership with Superior Financial Group, a leading Small Business Administration (SBA) lender, to provide qualified small business owners access to SBA Loans of $5,000 to $25,000.
According to a recent edition of the Office Depot Small Business Index, 30 percent of business owners surveyed are researching more ways to expand their business. However, only 56 percent of small businesses that tried to obtain a loan got all or most of what they needed. Office Depot hopes the new program will help small businesses make the investments they need to grow and hire new employees.
Customers can apply through an easy, one-page online application that can pre-qualify them in seconds. There is no application fee for this loan. Customers who are approved for a small business loan will receive 10 percent discount off their loan origination fee. The terms of the loan repayment will be over a period of eight years to help keep monthly payments low. There is no penalty for early repayment.
For more information about Office Depot’s small business loan program or to apply online, visit www.officedepot.com/sba.