SHVF Feb 07 e-News Brief
Self Help Ventures Fund February e-News Brief.htm
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face=Arial,Helvetica,sans-serif color=#000033 size=3><B><FONT
color=#ffffff>Self-Help Ventures Fund<BR>SBA 504 Loan Program
e-News Brief<BR>February
2007<BR></FONT></B></FONT></TD></TR></TBODY></TABLE></TD>
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style="FONT-SIZE: 12pt; COLOR: #e76e27; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#e76e27 size=3><FONT
size=2><FONT face=Arial,Helvetica,sans-serif><FONT
color=#000066><SPAN><B></B></SPAN><BR></FONT></FONT></FONT><BR><FONT
style="COLOR: rgb(0,0,0)" size=2>Thanks to all our lending partners
who helped us kick off the New Year with a strong start. Last month
we announced that we hit new records in 2006 partnering with you to
bring the 504 program to many outstanding borrowers. <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 size=2><A
href="http://www.self-help.org/504loans"
target=_blank>http://www.self-help.org/504loans</A></FONT><FONT
style="COLOR: rgb(0,0,0)" size=2>.<BR><BR>As always, we thank you
for your support and look forward to working with you to provide 504
financing for North Carolina's growing small business </FONT><FONT
style="COLOR: rgb(0,0,0)" size=2>communities in all seven Self-Help
locations across the state.</FONT><FONT style="COLOR: rgb(0,0,0)"
size=2><BR><BR></FONT> <FONT size=2><FONT
face=Arial,Helvetica,sans-serif><IMG contentEditable=false height=30
src="Self Help Ventures Fund February e-News Brief_files/21.gif"
width=102 border=0 name=ACCOUNT.IMAGE.21><BR><SPAN
style="COLOR: rgb(0,0,0)">Jim Overton
<DIV><SPAN style="COLOR: rgb(0,0,0)">Director of SBA 504
Lending</SPAN>
</DIV></SPAN></IMG></FONT></FONT></FONT></TD></TR></TBODY></TABLE></TD></TR>
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<P><STRONG><FONT color=#000066 size=2>504 UNDERWRITING TIP: DEALING
WITH "EXCESS LAND"</FONT></STRONG></P><FONT size=2><SPAN
style="COLOR: rgb(0,0,0)">Recently the SBA Processing Center has
focused on a new policy point: Does our proposed SBA 504 project
involve "excess land?"</SPAN><BR><BR><SPAN
style="COLOR: rgb(0,0,0)">Increasingly, we see appraisals split out
a value for "excess land," which usually is defined as land that is
not absolutely essential for the building we are financing. In
essence, the appraiser includes the footprint of the building,
parking, land needed for setbacks, etc. - then defines everything
else as "excess."</SPAN><BR><BR><SPAN style="COLOR: rgb(0,0,0)">In
most transactions, this condition doesn't raise an issue. As long as
our borrower is buying a property that consists of one tax parcel,
or as long as the "needed" space extends over all tax parcels
involved in the sale, the entire property can be included in the 504
project.</SPAN><BR><BR><SPAN style="COLOR: rgb(0,0,0)">The wrinkle
comes up when the transaction involves multiple parcels, and the
appraiser has defined all or at least one of those parcels as
"excess land." The SBA has concluded that any excess parcels are
"investment property," which is, by regulation, ineligible for SBA
financing. If we can't come up with a clear reason for why we should
include the excess land in the project budget, then we have to
subtract the excess land, and back the cost of that property out of
the project budget.</SPAN><BR><BR><SPAN
style="FONT-WEIGHT: bold; COLOR: rgb(0,0,0)">When could you have an
issue with excess land?</SPAN><BR><BR><SPAN
style="COLOR: rgb(0,0,0)">The following cases are the primary
warning signs that we might have to address this issue in a
project:</SPAN><BR><BR><SPAN
style="COLOR: rgb(0,0,0)">1. When you visit your
borrower's property, you see multiple acres at the site that do not
appear to be used currently as part of business
operations.</SPAN><BR><SPAN style="COLOR: rgb(0,0,0)">2.
You see a survey showing there are multiple parcels involved
in the sale, and you can see that some might not contain part of the
building currently.</SPAN><BR><SPAN
style="COLOR: rgb(0,0,0)">3. The appraisal
contains a value for "excess land" as part of the analysis of
property value, and you're uncertain how that land relates to the
tax parcels involved in the deal.</SPAN><BR><BR><SPAN
style="FONT-WEIGHT: bold; COLOR: rgb(0,0,0)">There are a number of
cases in which we have been able to show that the land is not
"excess" by SBA definition, and include it anyway, such
as:</SPAN><BR><BR><SPAN style="COLOR: rgb(0,0,0)">1.
The project involves additional construction that will extend
the building into the parcels that are currently labeled as
excess.</SPAN><BR><SPAN style="COLOR: rgb(0,0,0)">2.
The business is already using some or all of the excess land -
such as a retail center that needs the land for truck access to the
back of the facility.</SPAN><BR><SPAN
style="COLOR: rgb(0,0,0)">3. The "excess land" is
landlocked, and cannot be developed for any other purpose. Under
these circumstances, there would be no way to convince the current
property owner to split it off and sell it
separately.</SPAN><BR><BR><SPAN style="COLOR: rgb(0,0,0)">In
practice, we are able to resolve most of these issues easily,
without much adjustment to the initial proposed project
structure.<BR></SPAN><BR><SPAN style="COLOR: rgb(0,0,0)">If you're
looking at a project that involves some of the signals of "excess
land," let us know immediately and we'll work through the issues
with you. We'll consistently be on the lookout for this concern, and
alert you to possible ways to address the
issue.</SPAN></FONT></FONT></TD></TR></TBODY></TABLE><A
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face=Arial,Helvetica,sans-serif color=#666666 size=1><FONT
style="FONT-WEIGHT: bold; COLOR: rgb(0,0,102)" size=3>BORROWER
SUCCESS STORY: </FONT><BR>
<DIV align=center>
<DIV style="TEXT-ALIGN: left"><FONT
style="FONT-WEIGHT: bold; COLOR: rgb(0,0,102)" size=3>
<DIV>GERMAN MOTOR WERKS OF ASHEVILLE, INC.</DIV></FONT></DIV>
<DIV><BR><IMG height=125
alt="Scott and Liz of German Motor Werks of Asheville, Inc."
src="Self Help Ventures Fund February e-News Brief_files/27.jpeg"
width=114 align=left border=0 name=ACCOUNT.IMAGE.27></DIV><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 & Lead Mechanic: </SPAN>Scott
Spence</SPAN><BR><SPAN style="FONT-WEIGHT: normal"><SPAN
style="FONT-WEIGHT: bold">Lending Partner:</SPAN> Capital
Bank</SPAN><BR><SPAN style="FONT-WEIGHT: normal"><SPAN
style="FONT-WEIGHT: bold">Location:</SPAN> Asheville</SPAN><BR><SPAN
style="FONT-WEIGHT: normal"><SPAN
style="FONT-WEIGHT: bold">Project:</SPAN> Construction of 10,000 sq.
ft. building </SPAN><BR><SPAN style="FONT-WEIGHT: normal"><SPAN
style="FONT-WEIGHT: bold">Community Impact:</SPAN> Seven jobs
created</SPAN><BR></P></SPAN><BR><BR></SPAN></FONT>
<DIV style="COLOR: rgb(0,0,0); TEXT-ALIGN: left"><FONT size=2>Scott
Spence has been passionate about fixing German cars since his early
teens. After 16 years of running a successful auto repair business
just outside Jackson, Miss., he set his sights on Asheville. Taking
out an SBA 504 loan with Capital Bank and Self-Help, Scott bought
property near a burgeoning commercial area south of I-40 in
Asheville, where he built German Motor Werks of Asheville. The
business provides high-quality service to German-manufactured cars,
specializing in Porsche, Mercedes and BMW. <BR><BR>"Getting the 504
loan was a simple process for me mainly because we had a great
commercial banker, Lacy Cross, at Capital Bank." said Scott.
Lacy's organizational skills and advice helped in putting our
package together to get our business started here in Asheville."
<BR><BR>Scott serves as his own lead mechanic and also manages the
business. He has a colorful history with the German car industry. In
the 1980s Scott worked for Garretson Enterprises, the most winning
private Porsche race team in history. In fact, the inaugural 1987
edition of Bruce Anderson's book, <SPAN
style="FONT-STYLE: italic">Porsche 911 Performance Handbook</SPAN>,
Scott is featured on the cover. <BR><BR>"The first week after
opening our doors on Feb. 5 we did 60 percent of our normal income
from our previous shop in Jackson," said Scott. "That exceeded our
expectations. We billed out about 39 hours that first week! This
week we're coming up on 55 hours billed, and are gaining on average
of about one new customer per day, which is
terrific."<BR><BR>Scott's wife, Elisabeth (Liz), has handled the
books and office work for the business since 2004. Prior to assuming
her position there, she was a successful Hollywood audio specialist
for albums, TV and movies, winning the Cinema Audio Society's award
in 2002 for "Outstanding Sound Mixing for Television - Variety or
Music Series or Specials."<BR><BR>German Motor Werks of Asheville is
located at 1274 Sweeten Creek Road and is open Mon-Fri. 8 a.m. to
5:30 p.m. <BR></FONT></DIV><BR></DIV></FONT></TD></TR></TBODY></TABLE><A
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align=middle bgColor=#000066><FONT
style="FONT-SIZE: 10pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#ffffff size=2><B>In This
Issue:</B></FONT></TD></TR>
<TR>
<TD><IMG height=5 alt=""
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<TD align=middle><A
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href="file:///C:/Documents%20and%20Settings/jung/Desktop/New%20HTML%20Document.html#LETTER.BLOCK4"
shape=rect><FONT
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#000000 size=1>Underwriting
Tip</FONT></A></TD></TR>
<TR>
<TD align=middle><A
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif; TEXT-DECORATION: none"
href="file:///C:/Documents%20and%20Settings/jung/Desktop/New%20HTML%20Document.html#LETTER.BLOCK6"
shape=rect><FONT
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#000000 size=1>Borrower
Success Story</FONT></A></TD></TR>
<TR>
<TD align=middle><A
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif; TEXT-DECORATION: none"
href="file:///C:/Documents%20and%20Settings/jung/Desktop/New%20HTML%20Document.html#LETTER.BLOCK9"
shape=rect><FONT
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#000000 size=1>Current Loan
Rates</FONT></A></TD></TR>
<TR>
<TD align=middle><A
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif; TEXT-DECORATION: none"
href="file:///C:/Documents%20and%20Settings/jung/Desktop/New%20HTML%20Document.html#LETTER.BLOCK10"
shape=rect><FONT
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#000000 size=1>Lenders'
Conference</FONT></A></TD></TR>
<TR>
<TD align=middle><A
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif; TEXT-DECORATION: none"
href="file:///C:/Documents%20and%20Settings/jung/Desktop/New%20HTML%20Document.html#LETTER.BLOCK12"
shape=rect><FONT
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#000000 size=1>Lenders
Spotlight</FONT></A></TD></TR>
<TR>
<TD align=middle><A
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif; TEXT-DECORATION: none"
href="file:///C:/Documents%20and%20Settings/jung/Desktop/New%20HTML%20Document.html#LETTER.BLOCK14"
shape=rect><FONT
style="FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#000000 size=1>Contact
Us</FONT></A></TD></TR></TBODY></TABLE><A name=LETTER.BLOCK9>
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align=middle styleclass="style_RightText"><FONT
style="FONT-SIZE: 8pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#ffffff size=1>
<DIV
style="FONT-SIZE: 10pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif; BACKGROUND-COLOR: #000066"
bgcolor="#000066" styleclass="style_Accent2 RightTitle"><FONT
style="FONT-SIZE: 10pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#ffffff size=2><B>CURRENT 504
LOAN RATES<BR></B></FONT></DIV><BR>
<DIV style="TEXT-ALIGN: left"><SPAN
style="FONT-SIZE: 12pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
styleclass="style_ArticleHeadline"><FONT
style="FONT-SIZE: 12pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#53423a size=3><FONT
face=Arial,Helvetica,sans-serif color=#000000
size=2><STRONG>6.46%</STRONG> fixed for 20 years for real estate
projects, including acquisition, new construction and major
renovation</FONT></FONT></SPAN></DIV>
<DIV style="TEXT-ALIGN: left"><FONT size=2><FONT
face=Arial,Helvetica,sans-serif><SPAN
style="FONT-SIZE: 12pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
styleclass="style_ArticleHeadline"><FONT
style="FONT-SIZE: 12pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#53423a size=3><FONT
color=#000000><FONT size=2><STRONG><BR>6.44%</STRONG> fixed for 10
years for heavy-duty equipment and</FONT> </FONT><FONT color=#000000
size=2>machinery</FONT></FONT></SPAN></FONT></FONT><BR></DIV>
<DIV style="TEXT-ALIGN: left"><FONT size=2><FONT
face=Arial,Helvetica,sans-serif><FONT color=#000000><BR>(as of
Feb.14, 2007)</FONT></FONT></FONT></DIV>
<DIV><SPAN
style="FONT-SIZE: 12pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
styleclass="style_ArticleHeadline"><FONT
style="FONT-SIZE: 12pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#53423a size=3><FONT
face=Arial,Helvetica,sans-serif color=#000000
size=2><BR></FONT></FONT></SPAN>
<DIV style="TEXT-ALIGN: left"><SPAN
style="FONT-SIZE: 12pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
styleclass="style_ArticleHeadline"><FONT
style="FONT-SIZE: 12pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#53423a size=3><FONT
face=Arial,Helvetica,sans-serif color=#000000 size=2>According to
Development Company Funding Corporation (DCFC), interest rates have
climbed a bit as a steady stream of stronger economic data reduced
the chance of a Fed rate cut this year. However, this month's
debenture rate is 58 BP lower than the last interest rate cycle high
in July 2006.
</FONT></FONT></SPAN></DIV></DIV></FONT></TD></TR></TBODY></TABLE><A
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style="FONT-SIZE: 8pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#ffffff size=1>
<DIV style="TEXT-ALIGN: left"></DIV>
<DIV
style="FONT-SIZE: 10pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif; BACKGROUND-COLOR: #000066"
bgcolor="#000066" styleclass="style_Accent2 RightTitle"><FONT
style="FONT-SIZE: 10pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#ffffff size=2><B>NCBA / SBA
LENDERS' ANNUAL CONFERENCE<BR></B></FONT></DIV><BR>
<DIV style="COLOR: rgb(0,0,0); TEXT-ALIGN: left"><FONT size=2>The
N.C. Banker's Association will host an SBA Lenders' Conference Tues.
and Wed., Feb. 27 and 28, at the downtown Greensboro Marriott. Early
bird registration has ended but it's still not too late to sign up.
<BR><BR></FONT><FONT size=2>This is a great opportunity learn how
SBA programs can benefit your small business clients and to network
with other SBA lenders and Self-Help officers from around the state.
Danny Fontana of Triune Capital Advisors, LLC, is the featured
speaker. He is a financial consultant, author of <EM>Waking up to
Wall Street</EM>, and has been an investment commentator on national
NBC News. </FONT>
</DIV></FONT></TD></TR></TBODY></TABLE><A name=LETTER.BLOCK11>
<TABLE id=content_LETTER.BLOCK13 style="MARGIN-BOTTOM: 6px" cellSpacing=0
cellPadding=0 width="100%" border=0>
<TBODY>
<TR>
<TD
style="FONT-SIZE: 8pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif; TEXT-DECORATION: none"
align=middle styleclass="style_RightText"><FONT
style="FONT-SIZE: 8pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#ffffff size=1>
<DIV
style="FONT-SIZE: 10pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif; BACKGROUND-COLOR: #000066"
bgcolor="#000066" styleclass="style_Accent2 RightTitle"><FONT
style="FONT-SIZE: 10pt; COLOR: #ffffff; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#ffffff size=2><B><B
style="COLOR: rgb(255,255,255)"><SPAN style="FONT-SIZE: 11pt">DID
YOU KNOW?</SPAN></B></B></FONT></DIV>
<P class=MsoNormal
style="FONT-FAMILY: Arial,Helvetica,sans-serif"><B><FONT
size=2><FONT size=2><B><SPAN
style="FONT-SIZE: 11pt; COLOR: black"><I> </I></SPAN></B></FONT></FONT></B><FONT
size=2><I><SPAN style="FONT-SIZE: 11pt; COLOR: black"><FONT
size=2>Small businesses pay nearly half of total U.S. private
payrolls.</FONT></SPAN></I></FONT><B><FONT size=2><I><SPAN
style="FONT-SIZE: 11pt; COLOR: black"><BR></SPAN></I></FONT></B></P><B></B></FONT></TD></TR></TBODY></TABLE></A></TD></TR>
<TR>
<TD
style="PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; PADDING-TOP: 0px"
width="100%" colSpan=3><A name=LETTER.BLOCK12>
<TABLE id=content_LETTER.BLOCK12 hideFocus
style="BACKGROUND-COLOR: #ffffff" tabIndex=0 cellSpacing=0 cellPadding=0
width="100%" bgColor=#ffffff border=0>
<TBODY>
<TR>
<TD
style="PADDING-RIGHT: 10px; PADDING-LEFT: 10px; FONT-SIZE: 10pt; COLOR: #f2991b; FONT-FAMILY: Arial,Helvetica,sans-serif; BACKGROUND-COLOR: #ffcc33"
bgColor=#ffcc33
styleclass="style_Accent3 Headline2 ContactPad"><FONT
style="FONT-SIZE: 10pt; COLOR: #f2991b; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#f2991b size=2><B><FONT
color=#000066>LENDERS SPOTLIGHT: SELF-HELP JAN. 2007 SBA 504
APPROVALS</FONT></B></FONT></TD></TR>
<TR>
<TD
style="PADDING-RIGHT: 10px; PADDING-LEFT: 10px; FONT-SIZE: 10pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
styleclass="style_ContactText ContactPad"><FONT
style="FONT-SIZE: 10pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#53423a size=2>
<P><FONT color=#000000><EM>Thank you for making January a positive
month!</EM></FONT></P>
<DIV><FONT
color=#000000><STRONG><U>LENDER </U>
<U>LOCATION</U> <U>
INDUSTRY </U>
<U>PROJECT COST</U> <BR></STRONG>Fidelity
Bank
Oxford
Automotive
Repair
$600,000<BR>First Charter
Bank Charlotte
Salon &
Spa
$388,000<BR>First Citizens
Bank Greenville
Restaurant
$327,500 <BR>First Citizens
Bank
Raleigh Shower Doors
Manufacturer
$500,000<BR>Zions First National Bank
Charlotte Commercial Quick
Printing
<U>
$765,000</U><BR> <STRONG> TOTAL
$2,580,500
<DIV> </DIV></STRONG></FONT></DIV></FONT></TD></TR></TBODY></TABLE><A
name=LETTER.BLOCK13>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>
<TBODY>
<TR>
<TD style="BACKGROUND-COLOR: #ffcc33" bgColor=#ffcc33 height=3></TD>
<TR>
<TD height=2></TD>
<TR>
<TD style="BACKGROUND-COLOR: #000066" bgColor=#000066
height=5></TD></TR></TBODY></TABLE><A name=LETTER.BLOCK14>
<TABLE id=content_LETTER.BLOCK17 hideFocus tabIndex=0 cellSpacing=0
cellPadding=0 width="100%" border=0>
<TBODY>
<TR>
<TD
style="PADDING-RIGHT: 10px; PADDING-LEFT: 10px; FONT-SIZE: 10pt; COLOR: #f2991b; FONT-FAMILY: Arial,Helvetica,sans-serif; BACKGROUND-COLOR: #ffcc33"
bgColor=#ffcc33
styleclass="style_Accent3 Headline2 ContactPad"><FONT
style="FONT-SIZE: 10pt; COLOR: #f2991b; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#f2991b size=2><B><FONT
face=Arial,Helvetica,sans-serif color=#000066>CONTACT
US<BR></FONT></B></FONT></TD></TR>
<TR vAlign=top>
<TD
style="PADDING-RIGHT: 10px; PADDING-LEFT: 10px; FONT-SIZE: 10pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
styleclass="style_ContactText ContactPad"><FONT
style="FONT-SIZE: 10pt; COLOR: #53423a; FONT-FAMILY: Arial,Helvetica,sans-serif"
face=Arial,Helvetica,sans-serif color=#53423a size=2>
<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
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></TBODY></TABLE></A></TD></TR></TBODY></TABLE></DIV>
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