Sam’s Club has begun testing its online business loan program that was announced on July 6, 2010. The program will provide small businesses with access to no collateral loans of $5,000 to $25,000 through established small business lender Superior Financial Group (SFG). SFG is is the largest SBA regulated lender that specializes in lending to small businesses.
The application process is simple with the full cost structure disclosed up front. The application is available through a link on the Sam’s Club site. There is a PDF brochure with the program highlights available on the Sam’s Club site.
The one page application is on the SFG site where the full costs and program details can be found.