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08/02

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Small Business Administration Small Business Loan Frequently Asked Questions

Where can I speak to someone to help me understand more about the Sam's Club SBA Small Business Loan?

A representative from Superior Financial Group will be more than happy to answer any questions you may have. You can reach them at 1-877-675-0500


How do I apply?
1. Visit http://www.superiorfg.com/main/sq/SamsClubLogin.aspx?sc=SamsClub
2. Enter your email address
3. Enter your Sam's Club membership number
4. Click the "Start Loan Prequalification" button at the bottom of the form.


Where is the online link for this loan program?
Visit http://www.superiorfg.com/main/sq/SamsClubLogin.aspx?sc=SamsClub


What are the requirements for this loan; how do I find if I'm eligible?
The primary requirement is either a new or existing (for profit) small business with a business checking account and your business and personal information. Business must be in an approved SBA industry (excluded are ‘Porn Shops’ or Real Estate Investment type businesses).To find out how much your small business can qualify for go to http://www.superiorfg.com/main/sq/SamsClubLogin.aspx?sc=SamsClub.


Can I apply at my local Sam's?
No - applications are taken online only.


What kind of FICO score is required?
There are no FICO score cuts per se, however, Superior Financial Group looks at a combination of information and scores beyond just FICO. As a baseline, generally scores will be above 540.


Can the money be used to pay off credit card debt?

This is a business loan, money can be used to help manage business cash flow needs so paying-off business credit cards is okay. This is not for personal use or paying off personal loans/credit card debt.


Can I qualify for a loan even though I am not a biz owner? Only a Sam's club member?
No - this is a loan for business owners only.