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On April 3rd the City of Balch Springs Economic Development hosted a lenders RoundTable with the US SBA (Small Business Association) Dallas-Ft. Worth Office. In attendance were representatives from BB&T, Chase Bank, Prosperity Bank and Movement Mortgage along with SBA's Michelle Torres and Ahmad Goree and Alliance Lending Corporation's James Stokes.
The informational two-hour event detailed the SBA 7 (a) program, lender match program and the SBA 504 Program with the local bankers and city staff.
Michele Torres also shared that 21 SBA loans were approved between 2015-2017 in the City of Balch Springs, 89 jobs were retained and 53 new jobs created with the SBA loan programs.
For more information on SBA loans or how to start a small business please visit the SBA website at www.sba.gov.