Jackson, TN- A free Community and Patriot Express Loan Workshop will be held on May 10 from 9-11 a.m. at the Jackson Area Chamber of Commerce at 197 Auditorium Street in Jackson. The workshop is sponsored by the Chamber and the Tennessee Small Business Development Center of Jackson State Community College.
Participants will learn how to apply for a Small Business Administration Community Express Loan and the Patriot Express Loan for veterans. The loans are available to start ups, full-time and part-time businesses. These loans are payable over seven years. Veterans will receive a 90 day deferral on principal and interest.
Loan amounts are from $5,000 to $25,000 in $5,000 increments, and no collateral or financial statements are required. All partners, principals or co-owners of the business must apply together. Those with a criminal history or anyone who has defaulted on a government loan including student loans are not eligible. Non-profit businesses are not eligible.
Those wishing to apply need to bring the following items to the workshop: photo copy of driver