March E-News
March 2007 e-News Brief
March e-News.htm
—
HTML,
36Kb
File contents
<body topmargin="0" leftmargin="0" rightmargin="0"><!--Copyright (c) 1996-2007 Constant Contact. All rights reserved. Except as permitted under a separate
written agreement with Constant Contact, neither the Constant Contact software, nor any content that appears on any Constant Contact site,
including but not limited to, web pages, newsletters, or templates may be reproduced, republished, repurposed, or distributed without the
prior written permission of Constant Contact. For inquiries regarding reproduction or distribution of any Constant Contact material, please
contact legal@constantcontact.com.--><div align="center" style="background-color:#ffffff;padding-bottom:10px;"><div align="left" style="font-family:verdana,arial;font-size:8pt;color:#000000;width:600;"><font face="verdana,arial" size="1" color="#000000" style="font-family:verdana,arial;font-size:8pt;color:#000000;">Thank you for subscribing to Self-Help Ventures Fund's e-News Brief. To ensure that you continue to receive email from us, please add 504loans@self-help.org to your address book. <div style="overflow: auto;"> </div><div>You may <a style="color:#0000ff;" shape="rect" href="http://visitor.constantcontact.com/d.jsp?p=un&m=1101228340253&ea=jung.ryu@self-help.org&t=1101575901860&lang=en&reason=T&id=preview.1101228340253&id=preview" target="_blank">unsubscribe</a> if you no longer wish to receive our emails.</div></font></div></div>
<div style="background-color:#FFFFFF;" bgcolor="#FFFFFF" align="center">
<table style="width:600px;" border="0" width="600" cellspacing="0" cellpadding="0">
<tr>
<td style="padding:0px;" valign="top" width="100%" rowspan="1" colspan="3">
</td>
</tr>
<tr>
<td style="padding:0px;" rowspan="1" colspan="3">
<table style="width:600px;" border="0" width="600" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color:#000066;" bgcolor="#000066" width="314" rowspan="1" colspan="1">
<table style="background-color: rgb(0, 0, 102);" bgcolor="#000066" border="0" width="100%" cellpadding="5" cellspacing="0" id="content_LETTER.BLOCK1">
<tr>
<td style="color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;font-size:12pt;" styleclass="style_TitleText" rowspan="1" colspan="1"><font color="#FFFFFF" size="3" face="Arial,Helvetica,sans-serif" style="color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;font-size:12pt;"><span style="font-weight: bold;">Self-Help Ventures Fund</span><br /><span style="font-weight: bold;">SBA 504 Loan Program e-news Brief</span><br /><span style="font-weight: bold;">March 2007<br /></span></font></td>
</tr>
</table></td>
<td style="background-image: url('24.gif'); background-repeat: no-repeat; ih-name: ACCOUNT.IMAGE.24; background-color: #FFFFFF; background-position: right 50%" height="173" bgcolor="#FFFFFF" background="24.gif" width="286" rowspan="1" colspan="1" />
</tr>
</table>
</td>
</tr>
<tr>
<td style="padding:0px;width:600px;" width="600" rowspan="1" colspan="3">
</td>
</tr>
<tr>
<td height="4" rowspan="1" colspan="3" />
</tr>
<tr>
<td style="background-color:#000066;" height="7" bgcolor="#000066" rowspan="1" colspan="3" />
</tr>
<tr>
<td style="background-color:#FFFFFF;" height="8" bgcolor="#FFFFFF" rowspan="1" colspan="3" />
</tr>
<tr>
<td style="background-color:#FFFFFF;padding:0px;width:600px;" bgcolor="#FFFFFF" width="600" rowspan="1" colspan="3">
<table border="0" width="100%" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color:#FFCC33;" height="3" bgcolor="#FFCC33" rowspan="1" colspan="1" />
</tr>
<tr>
<td height="2" rowspan="1" colspan="1" />
</tr>
<tr>
<td style="background-color:#000066;" height="5" bgcolor="#000066" rowspan="1" colspan="1" />
</tr>
</table><table style="margin-bottom:6px;width: 584px; height: 236px; color: rgb(0, 0, 0);" id="content_LETTER.BLOCK3" border="0" hidefocus="true" tabindex="0" cellspacing="0" cols="0" cellpadding="5" contenteditable="inherit" datapagesize="0">
<tr>
<td style="font-family: Arial,Helvetica,sans-serif; font-size: 12pt; color: rgb(0, 0, 0);" styleclass="style_Greeting"><font style="color: rgb(0, 0, 0);" size="2">It was great seeing many of our lending partners at the 2007 SBA Lenders Conference in February. <br /><br />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 </font><font style="color: rgb(0, 0, 0);" size="2"><a href="http://rs6.net/tn.jsp?t=evuuq6bab.0.0.6a6fftbab.0&ts=S0234&p=http%3A%2F%2Fwww.self-help.org%2F504loans&id=preview" target="_blank">www.self-help.org/504loans</a></font><font style="color: rgb(0, 0, 0);" size="2">.<br /><br />Thank you for your ongoing support and 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 across the state.</font><font style="color: rgb(0, 0, 0);" size="2"><br /><br /></font> <font style="color: rgb(0, 0, 0);" size="2"><font face="Arial,Helvetica,sans-serif"><img height="30" border="0" name="ACCOUNT.IMAGE.21" width="102" contenteditable="false" src="http://ih.constantcontact.com/fs056/1101228340253/img/21.gif?a=1101575901860"><br />
Jim Overton
<div>Director of SBA 504 Lending </div></font></font></td></tr></table>
</td>
</tr>
<tr>
<td style="background-color:#FFCC33;" height="5" bgcolor="#FFCC33" rowspan="1" colspan="3" />
</tr>
<tr>
<td height="4" rowspan="1" colspan="3" />
</tr>
<tr>
<td style="background-color:#000066;" height="7" bgcolor="#000066" rowspan="1" colspan="3" />
</tr>
<tr>
<td height="4" rowspan="1" colspan="3" />
</tr>
<tr valign="top">
<td style="width:448px;padding:0px;" width="448" rowspan="1" colspan="1">
<a name="LETTER.BLOCK4" /><table border="0" width="100%" cellspacing="0" cellpadding="5" id="textEdit">
<tr>
<td style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,sans-serif; font-size: 8pt;" styleclass="style_MainText" rowspan="1" colspan="1"><div style="text-align: left;"><span style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,sans-serif; font-size: 12pt;" styleclass="style_ArticleHeadline"><font color="#000000" size="2" face="Arial,Helvetica,sans-serif"><strong><span style="color: rgb(0, 0, 102);">CURRENT 504 LOAN RATES</span><br /><br />6.20%</strong> fixed for 20 years for real estate projects, including acquisition, new construction and major renovation</font></span></div>
<div style="text-align: left;"><font size="2"><font face="Arial,Helvetica,sans-serif"><span style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,sans-serif; font-size: 12pt;" styleclass="style_ArticleHeadline"><font color="#000000"><font size="2"><strong><br />6.30%</strong> fixed for 10 years for heavy-duty equipment and</font> </font><font color="#000000" size="2">machinery</font></span></font></font><br /></div><div style="text-align: left;"><font size="2"><font face="Arial,Helvetica,sans-serif"><font color="#000000"><br /><font size="1">(as of March 6, 2007)</font></font></font></font></div>
<div><span style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,sans-serif; font-size: 12pt;" styleclass="style_ArticleHeadline"><font color="#000000" size="2" face="Arial,Helvetica,sans-serif"><br /></font></span><div style="text-align: left; color: rgb(0, 0, 0); font-family: Arial,Helvetica,sans-serif;"><font size="2">Rates continued to trend down this month, as the program surpassed the
$30-billion debentures mark. It took about two and a half years to go
from $20 billion to $30 billion compared to more than five years to get
from $10 billion to $20 billion and nearly 13 years to break the $10
billion mark. Congratulations to all of our lending partners who
contributed to this growth.</font></div></div>
</td>
</tr>
</table></a><a name="LETTER.BLOCK5" /><table border="0" width="100%" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color:#FFCC33;" height="3" bgcolor="#FFCC33" rowspan="1" colspan="1" />
</tr>
<tr>
<td height="2" rowspan="1" colspan="1" />
</tr>
<tr>
<td style="background-color:#000066;" height="5" bgcolor="#000066" rowspan="1" colspan="1" />
</tr>
</table></a><a name="LETTER.BLOCK6" /><table id="content_LETTER.BLOCK6" width="100%" border="0" tabindex="0" hidefocus="true" cellspacing="0" cols="0" cellpadding="5" contenteditable="inherit" datapagesize="0">
<tr>
<td style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;" styleclass="style_MainText"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">
<p style="color: rgb(0, 0, 102); font-family: Arial,Helvetica,sans-serif; font-weight: bold;"><font size="2"><strong>504 UNDERWRITING TIP: DEALING WITH APPRAISALS AND ENVIRONMENTALS</strong><span style="font-size: 12pt;"><br /></span></font></p><font style="color: rgb(0, 0, 0);" size="2">All of our lending partners do a very thorough job of reviewing the environmental reports and appraisals they commission on 504 projects.<br /><br />However, we have to look at them, too - and also make sure they pass muster with the SBA.<br /><br />In many cases, these reports contain information that could cause the SBA to reject the report, or at least ask for additional information, if we have not had a chance to review the report carefully.<br /><br />We've attached a list we received from the SBA of the major reasons why they end up screening out appraisals and environmental reports. The list indicates the sort of information we need to investigate in these reports.<br /><br />To guard against problematic reports, we have several suggestions:<br /></font><ol><li style="color: rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0);" size="2">Get these reports to us as quickly as possible. We understand SBA requirements, and can give you quick feedback on any concerns.</font></li><li style="color: rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0);" size="2">Ask us to give you a quick upfront read on the reports: Will there be issues with Sacramento? Are there ways to address them before sending them in for review?</font></li><li style="color: rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0);" size="2">Hold off on closing until the CDC has SBA approval on both reports (for PCLP CDCs, until they have approved the reports internally). That way you can avoid any surprises that may come out of the review of these documents.</font></li></ol><font style="color: rgb(0, 0, 0);" size="2">Appraisals in particular can create complications for your projects. The appraisal analysis is not simply a matter of ensuring the property has the appropriate value. We must also review the appraisal carefully to ensure there is no information that would require a change in the project financing structure.<br /><br />Similarly, SBA now requires Phase I investigations to be "AAI-compliant." It is important for us to verify that the report addresses ASTM 1527-05 standards, or the SBA will require that the report be redone.<br /><br />In the near future, we anticipate that these standards will change even further. The SBA has been working on an updated Notice on Appraisal Standards for many months, and is also updating environmental standards. Each of these documents will affect prevailing standards, and thus you'll need to rely on us to help you understand how best to comply with these changed standards.<br /><br />Though these standards might sound a little tough, they're all part of our job to ensure we comply with SBA project regulations. If you work closely with us, we can address these issues promptly and effectively, and move your projects along with minimal complications.<br /><br />If you'd like to see our detailed guidelines on CDC standards for lenders on appraisals and environmental reviews, please e-mail </font></a><a href="mailto:jim.overton@self-help.org" target="_blank">jim.overton@self-help.org</a><font style="color: rgb(0, 0, 0);" size="2">.</font></font></td></tr></table>
<a name="LETTER.BLOCK7" /><table border="0" width="100%" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color:#FFCC33;" height="3" bgcolor="#FFCC33" rowspan="1" colspan="1" />
</tr>
<tr>
<td height="2" rowspan="1" colspan="1" />
</tr>
<tr>
<td style="background-color:#000066;" height="5" bgcolor="#000066" rowspan="1" colspan="1" />
</tr>
</table></a><a name="LETTER.BLOCK8" /><table id="content_LETTER.BLOCK8" width="100%" border="0" tabindex="0" hidefocus="true" cellspacing="0" cols="0" cellpadding="5" contenteditable="inherit" datapagesize="0">
<tr>
<td style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;" styleclass="style_MainText"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;"><font style="font-weight: bold; color: rgb(0, 0, 102);" size="2">BORROWER SUCCESS STORY:
TEXACO "XPRESS" LUBE OF ELIZABETH CITY</font><div align="left"><font size="2"><span style="color: rgb(0, 0, 0);"><span style="font-weight: bold;">
<p align="left"><span style="font-weight: normal;"><span style="font-weight: bold;">Owner: </span>Robert "Bob" and Roberta Symuleski</span><br /><span style="font-weight: normal;"><span style="font-weight: bold;">Lending Partner:</span> Wachovia Commercial Mortgage</span><br /><span style="font-weight: normal;"><span style="font-weight: bold;">Location:</span> Elizabeth City, Pasquotank County</span><br /><span style="font-weight: normal;"><span style="font-weight: bold;">Project:</span> Land purchase and building construction</span><br /><span style="font-weight: normal;"><span style="font-weight: bold;">Community Impact:</span> Veteran-owned, rural area, five jobs created</span>
<br /></p></span></span></font><div style="text-align: left;"><div style="text-align: left;"> <span style="font-size: 11pt;"><font size="2"><span style="color: rgb(0, 0, 0);"><br />Retired 30-year Navy veteran Bob Symuleski partnered with his wife, Roberta, in 2002 to open a new Texaco Xpress Lube shop in Elizabeth City, which has a population of less than 20,000. Off State Highway 17 Business, the shop serves northeastern North Carolina, especially Pasquotank County, the area's economic focal point.<br /><br />The wife-husband team says that the SBA 504 loan was instrumental and absolutely necessary in helping get their business off the ground. <br /><br />"When I came down here after having served for 30 years in the Navy, I walked into the bank, talked to Ben Rinehart (WB Commercial Mortgage) and he called Gerry Blood (Self-Help) to set up an appointment," explained Bob. "Three days later we met, I showed them our business plan and they said they could help us out. It was a very enjoyable experience! The paperwork wasn't a hassle because Gerry got our lawyer to get going and help expedite the process and we didn't run into any problems. It was easy!"<br /><br />Bob and Roberta both brought solid management experience to the business. During his last year as a Navy officer, Bob worked part time at a quick lube shop in order to learn the business and worked with a start-up Xpress Lube in Chesapeake, Va. Prior to helping start up the Xpress Lube, Roberta spent five years as an inventory manager for two companies.<br /><br />Texaco Xpress Lube has experienced extraordinary growth since opening its doors, <span style="font-weight: bold; font-style: italic;">tripling</span> its business.<br /><br />"We started out with only four employees and now and we're up to eight," said Bob. "In our first year we serviced between 23 and 25 cars a day, and now we're handling 65 per day! I'm real pleased with what's going on here."<br /><br />Bob and Roberta don't plan to stop here. They're considering signing a lease to open up a second shop that is about six miles from the current shop. Their goal is to capture business within a 10-mile ring of the current location, and they may set up another shop in the vicinity in another five years.<br /><br />"Gerry was instrumental in getting us through the SBA 504 loan process," recalls Bob. "Anytime we had a question, he was always there for us. He made the process as simple as you can possibly get it. Our experience has been unbelievable and I'm really pleased."</span></font></span></div>
</div></div></font></td></tr></table></a><a name="LETTER.BLOCK9" /><table border="0" width="100%" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color:#FFCC33;" height="3" bgcolor="#FFCC33" rowspan="1" colspan="1" />
</tr>
<tr>
<td height="2" rowspan="1" colspan="1" />
</tr>
<tr>
<td style="background-color:#000066;" height="5" bgcolor="#000066" rowspan="1" colspan="1" />
</tr>
</table></a></td>
<td style="background-color:#FFCC33;" bgcolor="#FFCC33" width="2" rowspan="1" colspan="1" />
<td style="background-color:#FFCC66;width:150px;padding:0px;" bgcolor="#FFCC66" valign="top" width="150" rowspan="1" colspan="1">
<table style="margin-bottom:6px;" border="0" width="100%" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color:#000066;color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;font-size:10pt;" bgcolor="#000066" rowspan="1" colspan="1" align="center"><font color="#FFFFFF" size="2" face="Arial,Helvetica,sans-serif" style="color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"><b>In This Issue:</b></font></td>
</tr>
<tr>
<td rowspan="1" colspan="1"><img height="5" border="0" alt="" src="spc.gif" /></td>
</tr>
<tr>
<td rowspan="1" colspan="1" align="center"><a style="color:#000000;font-family:Arial,Helvetica,sans-serif;text-decoration:none;font-size:8pt;" shape="rect" href="#LETTER.BLOCK4"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">Current 504 Loan Rates</font></a></td>
</tr><tr>
<td rowspan="1" colspan="1" align="center"><a style="color:#000000;font-family:Arial,Helvetica,sans-serif;text-decoration:none;font-size:8pt;" shape="rect" href="#LETTER.BLOCK6"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">Underwriting Tip</font></a></td>
</tr><tr>
<td rowspan="1" colspan="1" align="center"><a style="color:#000000;font-family:Arial,Helvetica,sans-serif;text-decoration:none;font-size:8pt;" shape="rect" href="#LETTER.BLOCK8"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">Borrower Success Story</font></a></td>
</tr><tr>
<td rowspan="1" colspan="1" align="center"><a style="color:#000000;font-family:Arial,Helvetica,sans-serif;text-decoration:none;font-size:8pt;" shape="rect" href="#LETTER.BLOCK16"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">SBA Online Training</font></a></td>
</tr><tr>
<td rowspan="1" colspan="1" align="center"><a style="color:#000000;font-family:Arial,Helvetica,sans-serif;text-decoration:none;font-size:8pt;" shape="rect" href="#LETTER.BLOCK17"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">Lenders Spotlight</font></a></td>
</tr><tr>
<td rowspan="1" colspan="1" align="center"><a style="color:#000000;font-family:Arial,Helvetica,sans-serif;text-decoration:none;font-size:8pt;" shape="rect" href="#LETTER.BLOCK19"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">Contact Us</font></a></td>
</tr>
</table><a name="LETTER.BLOCK11" /><table border="0" width="100%" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color:#FFCC33;" height="3" bgcolor="#FFCC33" rowspan="1" colspan="1" />
</tr>
<tr>
<td height="2" rowspan="1" colspan="1" />
</tr>
<tr>
<td style="background-color:#000066;" height="5" bgcolor="#000066" rowspan="1" colspan="1" />
</tr>
</table></a><a name="LETTER.BLOCK12" /><table style="margin-bottom:6px;" border="0" width="100%" cellpadding="0" cellspacing="0" id="content_LETTER.BLOCK12">
<tr>
<td style="color:#000000;font-family:Arial,Helvetica,sans-serif;text-decoration:none;font-size:8pt;" styleclass="style_RightText" rowspan="1" align="left" colspan="1"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;"><div style="text-align: left;">
</div><div style="background-color:#000066;color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;font-size:10pt;" bgcolor="#000066" styleclass="style_Accent2 RightTitle"><font color="#FFFFFF" size="2" face="Arial,Helvetica,sans-serif" style="color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"><b>TOP 7 REASONS FOR APPRAISAL SCREEN-OUT<br /></b></font></div>
<font style="color: rgb(0, 0, 0);" size="2"><br /></font><div style="text-align: left;"><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">1.</span> Appraisal address does not match the Authorization address.</font><br /></div><div style="text-align: left;"><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">2. </span>The
appraisal indicates the property is "'special use" - but the
Authorization does not reflect required additional five-percent equity
injection.</font><br /></div><div style="text-align: left;"><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">3.</span> The
appraisal indicates the borrower is purchasing two separate parcels;
however, the business will use only one parcel. The excess parcel is
not an eligible cost. </font></div><div style="text-align: left;"><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">4.</span> The appraisal indicates the borrower is paying a different price for the property than is reflected in the authorization. </font><br /></div><div style="text-align: left;"><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">5.</span> The
appraisal doesn't provide the needed final valuation. For example, the
appraisal provides an "as- is" value only - even though the budget
includes significant building improvements. </font><br /></div><div style="text-align: left;"><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">6.</span> The
appraisal indicates the borrower is receiving a seller's credit, but it
is not reflected in the costs in the authorization.</font><br /></div><div style="text-align: left;"><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">7.</span> The property history indicates that the purchase is not an arms-length transaction. </font></div></font></td>
</tr>
</table></a><a name="LETTER.BLOCK13" /><table border="0" width="100%" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color:#FFCC33;" height="3" bgcolor="#FFCC33" rowspan="1" colspan="1" />
</tr>
<tr>
<td height="2" rowspan="1" colspan="1" />
</tr>
<tr>
<td style="background-color:#000066;" height="5" bgcolor="#000066" rowspan="1" colspan="1" />
</tr>
</table></a><a name="LETTER.BLOCK14" /><table style="margin-bottom:6px;" border="0" width="100%" cellpadding="0" cellspacing="0" id="content_LETTER.BLOCK14">
<tr>
<td style="color:#000000;font-family:Arial,Helvetica,sans-serif;text-decoration:none;font-size:8pt;" styleclass="style_RightText" rowspan="1" align="left" colspan="1"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;"><div style="text-align: left;">
</div><div style="background-color:#000066;color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;font-size:10pt;" bgcolor="#000066" styleclass="style_Accent2 RightTitle"><font color="#FFFFFF" size="2" face="Arial,Helvetica,sans-serif" style="color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"><b>TOP 4 REASONS FOR E</b><b>NVIORNMENTAL</b><br /><b>SCREEN-OUTS</b><br /> </font></div>
<div style="text-align: left;"><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">1.</span> Address on the environmental investigation doesn't match the address on the Authorization.</font><br /><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">2.</span> Owner of the property does not sign and date an environmental questionnaire. </font><br /><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">3.</span> The environmental questionnaire is not fully completed.</font><br /><font style="color: rgb(0, 0, 0);" size="2"><span style="font-weight: bold;">4.</span> CDC does not provide comments on the "CDC Checklist for Submitting an Environmental Investigation." </font></div>
</font></td>
</tr>
</table></a><a name="LETTER.BLOCK15" /><table border="0" width="100%" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color:#FFCC33;" height="3" bgcolor="#FFCC33" rowspan="1" colspan="1" />
</tr>
<tr>
<td height="2" rowspan="1" colspan="1" />
</tr>
<tr>
<td style="background-color:#000066;" height="5" bgcolor="#000066" rowspan="1" colspan="1" />
</tr>
</table></a><a name="LETTER.BLOCK16" /><table style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,sans-serif;" border="0" width="100%" cellpadding="5" cellspacing="0" id="content_LETTER.BLOCK16">
<tr style="color: rgb(0, 0, 0);">
<td style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;" styleclass="style_MainText" rowspan="1" colspan="1"><font color="#000000" size="1" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:8pt;"><font size="2"><span style="font-weight: bold; color: rgb(0, 0, 0);"><span style="color: rgb(0, 0, 102);">SBA ONLINE TRAINING: A USEFUL TOOL FOR A START-UP CLIENTS</span><br /><br /></span><span style="color: rgb(0, 0, 0);">The N.C. SBA District Office offers <span style="font-style: italic;">SBA Programs and Services Training</span> sessions every <span style="font-weight: bold;">Friday from 9 to 10 a.m. and 12:30 to 1:30 p.m. </span>SBA district employees provide the live training through "Ready Talk" software. Your clients can call and sign into the website for a live PowerPoint presentation covering topics like SBA loan programs, counseling and government contracting. In addition to helping out your start-up clients, these sessions can also serve as refresher courses for you and your colleagues.</span><br /> <br /><span style="color: rgb(0, 0, 0);">Visit </span></font></a><a href="http://rs6.net/tn.jsp?t=evuuq6bab.0.0.6a6fftbab.0&ts=S0234&p=http%3A%2F%2Fwww.sba.gov%2Fnc%2Ftrainonline.html&id=preview" target="_blank">www.sba.gov/nc/trainonline.html</a><font size="2"><span style="color: rgb(0, 0, 0);"> to register and for more information.</span></font></font></td>
</tr><tr><td style="vertical-align: top;"><br /></td></tr>
</table></td>
</tr>
<tr>
<td style="padding:0px;" width="100%" rowspan="1" colspan="3">
<a name="LETTER.BLOCK17" /><table style="background-color:#FFFFFF;" id="content_LETTER.BLOCK17" width="100%" border="0" hidefocus="true" tabindex="0" cellspacing="0" cols="0" cellpadding="0" contenteditable="inherit" datapagesize="0" bgcolor="#FFFFFF">
<tr>
<td style="background-color:#FFCC33;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:10pt;padding-left:10px;padding-right:10px;" bgcolor="#FFCC33" styleclass="style_Accent3 Headline2 ContactPad"><font color="#000000" size="2" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"><b><font color="#000066">LENDERS SPOTLIGHT: SELF-HELP FEB. 2007 SBA 504 APPROVALS</font></b></font></td></tr>
<tr>
<td style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:10pt;padding-left:10px;padding-right:10px;" styleclass="style_ContactText ContactPad"><font color="#000000" size="2" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">
<p><font color="#000000"><em>Thank you for making February a strong month! In addition to the SBA approval below, Self-Help's 504 Credit Committee internally approved six projects.</em></font></p>
<div><font color="#000000"><strong><u>LENDER </u> <u>LOCATION</u> <u> INDUSTRY </u> <u>PROJECT COST</u> <br /></strong>Bank of America Wake Forest Auto oil change & lube shop $530,000</font></div></font></td></tr></table></a><a name="LETTER.BLOCK18" /><table border="0" width="100%" cellspacing="0" cellpadding="0">
<tr>
<td style="background-color:#FFCC33;" height="3" bgcolor="#FFCC33" rowspan="1" colspan="1" />
</tr>
<tr>
<td height="2" rowspan="1" colspan="1" />
</tr>
<tr>
<td style="background-color:#000066;" height="5" bgcolor="#000066" rowspan="1" colspan="1" />
</tr>
</table></a><a name="LETTER.BLOCK19" /><table id="content_LETTER.BLOCK17" width="100%" border="0" tabindex="0" hidefocus="true" cellspacing="0" cols="0" cellpadding="0" contenteditable="inherit" datapagesize="0">
<tr>
<td style="background-color:#FFCC33;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:10pt;padding-left:10px;padding-right:10px;" bgcolor="#FFCC33" styleclass="style_Accent3 Headline2 ContactPad"><font color="#000000" size="2" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"><b><font color="#000066" face="Arial,Helvetica,sans-serif">CONTACT US<br /></font></b></font></td></tr>
<tr valign="top">
<td style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:10pt;padding-left:10px;padding-right:10px;" styleclass="style_ContactText ContactPad"><font color="#000000" size="2" face="Arial,Helvetica,sans-serif" style="color:#000000;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">
<p><font face="Arial,Helvetica,sans-serif"><font color="#000000" size="2">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. </font></font></p>
<p><font face="Arial,Helvetica,sans-serif"><font size="2"><font color="#000000"><strong>Charlotte NC Region:</strong> </font></a><a href="mailto:dale.harrold@self-help.org" target="_blank"><font color="#3300ff">Dale Harrold</font></a><font color="#000000"> and </font><a href="mailto:ralph.ansell@self-help.org" target="_blank"><font color="#3300ff">Ralph Ansell</font></a><font color="#000000">, Self-Help, Great Aunt Stella Center, 926 Elizabeth Ave., Suite 302, Charlotte, NC 28204 * 800-394-7428</font></font></font></p>
<p><font face="Arial,Helvetica,sans-serif"><font size="2"><font color="#000000"><strong>Sandhills NC Region:</strong> </font><a href="mailto:allen.cofiori@self-help.org" target="_blank"><font color="#3300ff">Allen Cofiori</font></a><font color="#000000">, Self-Help, 100 Hay St., Suite 300, Fayetteville, NC 28301 * 800-774-7966</font></font></font></p>
<p><font face="Arial,Helvetica,sans-serif"><font size="2"><font color="#000000"><strong>Northeastern NC Region:</strong> </font><a href="mailto:gerry.blood@self-help.org" target="_blank"><font color="#3300ff">Gerry Blood</font></a><font color="#000000">, Self-Help, 301 South Evans St., Suite 306, Greenville, NC 27858 * 800-893-9669</font></font></font></p>
<div><font face="Arial,Helvetica,sans-serif"><font size="2"><font color="#000000"><strong>Southeastern NC Region:</strong> </font><a href="mailto:louis.rogers@self-help.org" target="_blank"><font color="#3300ff">Louis Rogers</font></a><font color="#000000">, Self-Help, 272 N. Front St., Suite 300, Wilmington, NC 28401 * 877-559-4284</font></font></font></div>
<p><font face="Arial,Helvetica,sans-serif"><font size="2"><font color="#000000"><strong>Triad NC Region:</strong> </font><a href="mailto:anna.tefft@self-help.org" target="_blank"><font color="#3300ff">Anna Tefft</font></a><font color="#000000">, 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</font></font></font></p>
<div><font face="Arial,Helvetica,sans-serif"><font size="2"><font color="#000000"><strong>Central NC Region:</strong> </font><a href="mailto:joe.osowski@self-help.org" target="_blank"><font color="#3300ff">Joe Osowski</font></a><font color="#000000">, Self-Help, 301 W. <font color="#000000">Main</font> St., P.O. Box 3619, Durham, NC 27702 * 800-476-7428</font></font></font></div>
<p><font face="Arial,Helvetica,sans-serif"><font size="2"><font color="#000000"><strong>Western NC Region:</strong> </font><a href="mailto:tom.byers@self-help.org" target="_blank"><font color="#3300ff">Tom Byers</font></a><font color="#000000">, Self-Help, 34 Wall St., Suite 704, Asheville, NC 28801 * 800-229-7428</font></font></font></p>
<p><font face="Arial,Helvetica,sans-serif"><font size="2"><font color="#000000">Contact our <strong>SBA 504 Program Director</strong>, </font><a href="mailto:jimo@self-help.org" target="_blank"><font color="#3300ff">Jim Overton</font></a><font color="#000000">, at 919-956-4473.</font></font></font></p>
<p><font face="Arial,Helvetica,sans-serif"><font size="2"><font color="#000000">Or contact our <strong>SBA 504 Marketing Officer</strong>, </font><a href="mailto:jamie.miyares@self-help.org" target="_blank"><font color="#3300ff">Jamie Miyares</font></a><font color="#000000">, at 919-956-4670. </font></font></font></p></font></td></tr></table>
</td>
</tr>
</table>
</div>
<div align="center" style="background-color:#ffffff;padding-top:10px;">
<table border="0" cellpadding="0" cellspacing="0">
<tr>
<td>
<div style="font-weight:bold;font-family:verdana,arial;font-size:8pt;color:#000000;background-color:#ffffff;padding-bottom:10px;"><font style="font-family:verdana,arial;font-size:8pt;color:#000000;" color="#000000" size="1" face="verdana,arial"><a href="http://ui.constantcontact.com/sa/fwtf.jsp?m=1101228340253&ea=jung.ryu@self-help.org&a=1101575901860&id=preview&id=preview" target="_blank">Forward email</a></font></div>
<table style="font-family:verdana,arial;font-size:8pt;color:#000000;width:600;background-color:#ffffff;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td rowspan="1" colspan="1"><font style="font-family:verdana,arial;font-size:8pt;color:#000000;" color="#000000" size="1" face="verdana,arial">
<a shape="rect" href="http://visitor.constantcontact.com/d.jsp?p=un&m=1101228340253&ea=jung.ryu@self-help.org&t=1101575901860&lang=en&reason=T&id=preview.1101228340253&id=preview" target="_blank"><img border="0" src="safe_unsubscribe_logo.gif" width="118" height="9" /></a>
<div>This email was sent to jung.ryu@self-help.org, by <a style="color:#0000ff;" shape="rect" href="mailto:504loans@self-help.org" target="_blank">504loans@self-help.org</a></div>
<div><a style="color:#0000ff;" shape="rect" href="http://visitor.constantcontact.com/d.jsp?p=oo&m=1101228340253&ea=jung.ryu@self-help.org&t=1101575901860&lang=en&reason=T&id=preview.1101228340253&id=preview" target="_blank">Update Profile/Email Address</a> | Instant removal with <a style="color:#0000ff;" shape="rect" href="http://visitor.constantcontact.com/d.jsp?p=un&m=1101228340253&ea=jung.ryu@self-help.org&t=1101575901860&lang=en&reason=T&id=preview.1101228340253&id=preview" target="_blank">SafeUnsubscribe</a>™ | <a style="color:#0000ff;" shape="rect" href="http://ui.constantcontact.com/roving/CCPrivacyPolicy.jsp?id=preview&id=preview" target="_blank">Privacy Policy</a>.</div>
</font></td>
<td rowspan="1" colspan="1"><font style="font-family:verdana,arial;font-size:8pt;color:#000000;" color="#000000" size="1" face="verdana,arial">
</font></td>
</tr>
</table>
<div style="font-family:verdana,arial;font-size:8pt;color:#000000;background-color:#ffffff;padding-top: 20px;" align="left" id="LETTER.PHYSICALADDRESS"><font style="font-family:verdana,arial;font-size:8pt;color:#000000;" color="#000000" size="1" face="verdana,arial">Self-Help Ventures Fund | 301 West Main St. | P.O. Box 3619 | Durham | NC | 27701</font></div>
</td>
</tr>
</table>
</div></body>
