Sam's Club Offering Small Business Loans to It's Members.

Tight credit still plagues many Americans, especially small-business owners. Discount warehouse SAM'S CLUB is hoping to ease the burden with a new online program that will provide loans of up to $25,000 to qualifying small businesses members.

As a Sam’s Club Member, you have the advantage by applying for your small business loan through Superior Financial Group’s SBA Loan Program. You’ll benefit from a simple, fast process, as well as exceptional savings on fees, rates and terms.

The primarily online program is a partnership between Sam's Club and Superior Financial Group, and comes in the wake of reports that 15 percent of its small business members were denied a loan in November 2009 -- a three-percentage-point increase since April 2009.

The program will target women, minority and veteran-owned businesses, and pilot members will also receive $100 off the application fee and a 20 percent discount on interest rates.

Approved small businesses will receive 10-year loans for $5,000 to $25,000.

"Access to capital is a major pain point for our members," said Catherine Corley, vice president, membership at Sam's Club, which is owned by retail giant Wal-Mart.

Additional Features and Benefits of the Sam's Members Business loans:

• Easy, one-page online application that can pre-qualify
you in seconds
• Electronic funding and payments without the hassle
of checks or payment coupon
• No prepayment penalties or balloon payments

No Risk Obligation Small Business Loan from Sam's Club.

• Pre-Qualification in Seconds, One Page Online Application

• Quick & Easy Access to Capital

• $5K - $25K, Get Funded in Days

• No Collateral Required - Unsecured

• Perfect for Start-Ups, Home Based and Small Businesses

• Low, Affordable Loan Payments, Low Interest Rate, Prime Plus 4.25% - Today’s Rate 7.50%**

• No Prepayment Penalties or Balloon Payments – You can Pay the Loan off anytime

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