After many weeks away due to tax season, President Beth Hancock was back to lead members during the weekly meeting. Everyone was excited to see Beth and the happy dollars were flowing with lots of good news from members including, but not limited to, tax season being over, a new job, and a grandson christening. After all business matters were finished, RCSE was fortunate to have a visit from Past President Tony O'Reilly along with Stephen George to talk about the Small Business Assistance Corporation (SBAC).
SBAC is an independent, non profit organization that specializes in "gap" financing solutions for customers. It's first year of service was 1990. SBAC partners with banks and offers 13 different loan programs ranging from $2,500-$5 million. They are unable to loan to non profit organizations. The default rate on loans is 4% which is higher than a bank but lower than others who offer similar services. SBAC has partnered with many local business such as Chatham Eye Associates, Circa 1875, Lulu's Chocolate Bar, Bluffton Oyster Co, Savannah Tire, and Savannah Bee Company. For more information regarding SBAC services, please contact them at 111 E Liberty Street, Suite 100, Savannah, GA 31401.
RCSE in conjunction with Savannah South and Savannah West will be sponsoring a GRSP student for the upcoming 2017/2018 school year.
The selection process was finalized recently and our student has finally completed the process for his journey. Brendan Mungwena from Zimbabwe is the student we are sponsoring. He was born in Bulawayo, Zimbabwe and just recently celebrated his 22nd birthday. Brendan is the fourth born in a family of eight, with one older brother & four sisters. His father is retired and his mother is a house wife. He was originally exposed to Rotary through his sister who is a former Rotaract President. While he was in high school he helped form his school’s Interact Club. He plans to study Accounting/Economics or Business Mgmt while at Armstrong. When asked how the GRSP program will benefit him for the future, he responded “I hope to learn how to develop my country by learning and understanding diverse ways of living. I would like the opportunity to be a part of something big which will bring about world peace. Through interactive and social experiences I would also grow my own way of understanding and expertise on how to be a proficient leader. I also wish to grasp the opportunity granted to me be excelling in my academics.”
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