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Self-Help Ventures Fund
SBA 504 Loan Program e-news Brief
July 2007
 
Thanks to all our lending partners. Each month we deliver current SBA 504 loan rates and share information beneficial to you and your small business customers. For an in-depth look at the SBA 504 program, please visit the 504 section of Self-Help's website at www.self-help.org/504loans.

Thank you for your ongoing support. We look forward to working with you to provide 504 financing for North Carolina's growing small business communities in all seven Self-Help locations statewide.

 
Jim Overton
Director of SBA 504 Lending
CURRENT 504 LOAN RATES

6.79% fixed for 20 years for real estate projects, including acquisition, new construction and major renovation

6.85% fixed for 10 years for heavy-duty equipment and machinery

(as of July 10, 2007)
  ROGERS NOW SERVES WAKE AND NOTHERN JOHNSTON COUNTIES

Louis Rogers has taken on the role of Director of Business Development at Self-Help Ventures Fund for Wake and northern Johnston counties. Rogers relocated to Raleigh from Self-Help's Wilmington office and will continue to serve that area and eastern North Carolina as well. Joe Osowski will continue to serve the Triangle area as a Senior 504 Loan Officer.

Rogers will be responsible for seeking opportunities with lenders on SBA 504 loans. As you know, the program is a partnership between the SBA, Self-Help and banks or other commercial lenders offering small businesses with low long-term, fixed-rate financing for commercial real estate and equipment. Projects range up to $12 million for manufacturers, with as little as 10 to 20 percent owner equity investment, typically in cash or land.

Prior to joining Self-Help as a commercial loan officer in 2001, Rogers was a loan officer for the State Employees Credit Union and a business counselor for the Small Business and Technology Development Center.

Rogers earned a bachelor's degree in economics from the University of North Carolina at Chapel Hill in 1992, with a concentration in banking and marketing. He earned a Master of Business Administration degree with a concentration in international business from UNC-Wilmington's Cameron School of Business.

Rogers has been active in many community and professional organizations, including: Partnership for Economic Inclusion, N.C. Black Chamber of Commerce, Hispanic CDC of Southeast N.C., State Employees Credit Union, Affordable Housing Coalition of Wilmington, and the Wilmington Rotary Club.

You may reach Louis Rogers at (919) 755-2232 or louis.rogers@self-help.org. His office is at 19 W. Hargett St., Suite 507, in Raleigh. You may reach Joe Osowski at (800) 476-7428 or joe.osowski@self-help.org.
GERRY BLOOD: AN APPRECIATION
By Jim Overton, Self-Help's SBA 504 Program Director

When Gerry Blood first came to Self-Help in 1996, I have to admit that I was a bit intimidated: He had about five times as much lending experience as I did, and had probably already forgotten more about commercial lending than I had ever learned.

But he never let my inexperience stand in his way, as he dug into eastern North Carolina and began putting his considerable skills to work on providing small business loans to deserving businesses in and around Greenville. Soon he had built a solid office, an excellent staff - and a track record second to none of helping lenders and small businesses both.

Gerry has now decided that his grandkids are far more fun than Self-Help staffers, and has decided to "retire" - though, given his energy level, that word is likely to be woefully inadequate to describe the energetic lifestyle we know Gerry will keep. We wish him all the best in maintaining his dynamic schedule - and only hope we can pursue life with an iota of his enthusiasm.

Fortunately, we have a great replacement for Gerry. Adelcio Lugo has been working for us in Greenville as a mortgage officer, and will now become the branch director. After he's had time to settle in, he'll be up to snuff on 504 loans and ready to step into Gerry's shoes.

If you want to contact Gerry to wish him luck in his new stage of life, feel free to e-mail him at: geraldblood@msn.com. For now, please call me at (919) 956-4473 to discuss 504 projects for eastern North Carolina.

You may reach Adelcio Lugo at (800) 893-9669 or adelcio.lugo@self-help.org.
In This Issue:
Current 504 Loan Rates
Louis Rogers: New Role
Gerry Blood: Appreciation
Lenders Spotlight
Contact Us
LENDERS SPOTLIGHT: SELF-HELP JUNE 2007 SBA 504 APPROVALS

Thank you for your partnership with some solid deals in June!

LENDER                    LOCATION             INDUSTRY                           PROJECT COST
Bank of America       Huntersville        Ice Cream/Donut Franchise                   $2,110,000   
First Citizens            Black Mountain    Physical Therapy                                  $270,000
GE Capital                Apex                 Online Refrigerator filers seller               $1,400,000
                                                                                         TOTAL               $3,780,000

CONTACT US

Call the Self-Help loan officer nearest you to discuss a project or learn more about how you can use an SBA 504 loan to help your small business customers with expansion needs. 

Charlotte NC Region: Dale Harrold and Ralph Ansell, Self-Help, Great Aunt Stella Center, 926 Elizabeth Ave., Suite 302, Charlotte, NC 28204 * 800-394-7428

Sandhills NC Region: Allen Cofiori, Self-Help, 100 Hay St., Suite 300, Fayetteville, NC 28301 * 800-774-7966

Northeastern NC Region: Gerry Blood, Self-Help, 301 South Evans St., Suite 306, Greenville, NC 27858 * 800-893-9669

Southeastern NC Region: Louis Rogers, Self-Help, 272 N. Front St., Suite 300, Wilmington, NC 28401 * 877-559-4284

Triad NC Region: Anna Tefft, Self-Help, 122 N. Elm St., Suite 1015, Greensboro, NC 27401 and 500 West Fourth Street, Suite 200, Winston-Salem, NC 27101  * 800-269-7426

Central NC Region: Joe Osowski, Self-Help, 301 W. Main St., P.O. Box 3619, Durham, NC 27702 * 800-476-7428

Western NC Region: Tom Byers, Self-Help, 34 Wall St., Suite 704, Asheville, NC 28801 * 800-229-7428

Contact our SBA 504 Program Director, Jim Overton, at 919-956-4473.

Or contact our SBA 504 Marketing Officer, Jamie Miyares, at 919-956-4670. 

This email was sent to jung.ryu@self-help.org, by 504loans@self-help.org
Self-Help Ventures Fund | 301 West Main St. | P.O. Box 3619 | Durham | NC | 27701