If you are like me and millions of other entrepreneurs and small business owners, then the need for start-up and working capital is essential for your business.

The US Small Business Administration now provides its "Community Express" Loan Program, geared primarily to minorities, women, veteran, and businesses in traditionally under-served areas. The loans are funded by two SBA approved lending institutions: Innovative Bank and Superior Financial Group .

The "Community Express" program offers qualified small business owners loans up to $50,000 with a 7 or 10 year term, no prepayment penalty, minimal paperwork and technical assistance as needed. The program is structured to ensure that the borrowers receive appropriate pre and post loan management and technical assistance to help insure a successful business experience.

Contact the banks to find out where you can receive technical assistance in your area prior to applying for the loan. These loans are expensive and should be considered as a last resort for financing. I applied and was approved for this loan in June 2007 by Innovative Bank.

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