Published: July 06, 2011
Small Business Loan Program Now Offered by Office Depot Through Superior Financial Group
BOCA RATON, Fla. - (BUSINESS WIRE) - Office Depot (NYSE: ODP), celebrating 25 years as a leading global
provider of office
supplies and services, today announced a new partnership with Superior
Financial Group (SFG), the Nation's leading Small
Business Administration (SBA) lender, to provide qualified small
business customers with access to capital in the form of SBA Loans
between $5,000 to $25,000. Customers can apply for a loan by visiting www.officedepot.com/sba.
While the economic recovery is underway, small businesses are still
finding it difficult to obtain business loans. In fact, according to a
recent edition of the Office
Depot Small Business Index, only 56 percent of small businesses that
tried to obtain a loan got all or most of what they needed. However,
America's small business community still remains intent on obtaining the
finances needed to grow their business, with 30 percent of business
owners surveyed saying they are researching more ways to expand their
business.
The Office Depot small business loan program is a first-of-its-kind for
the Company and will help small businesses stretch their budgets in
order to make the investments they need to grow their business and hire
new employees.
"Small businesses are the engine of our economy. We believe this
'Express' loan program will be just what these business owners need to
help jump-start the economic recovery for America," said Monica
Luechtefeld, Executive Vice President of Global E-Commerce for Office
Depot. "We hope the small business community will take advantage of this
opportunity to obtain a loan and get access to the funds they need to
start, run, and grow their business."
Superior Financial Group is one of only 14 that approved Small Business
Lending Corporations federally regulated by the SBA, and specializes in
providing access to credit for main street small business owners and
entrepreneurs.
"Superior Financial Group has uniquely positioned itself as the nation's
top lender of SBA loans to Main Street, and in doing so this new
partnership will allow us to continue to expand our reach to deliver on
all SBA's initiatives to support small business growth and ease resource
challenges," said Tim Jochner, Superior Financial Group CEO. "With
Office Depot's SBA loan program, small business owners will now be able
to obtain the working capital they need to serve their customers at a
time when they need it the most."
Customers can apply through an easy, one-page online application that
can pre-qualify you in seconds. There is no application fee for this
loan. Customers who are approved for a small business loan will receive
10 percent discount off their loan origination fee. The terms of the
loan repayment will be over a period of eight years to help keep monthly
payments low. There is no penalty for early repayment.
For more information about Office Depot's small business loan program,
please visit www.officedepot.com/sba.
To learn more about the products and services available at Office Depot,
please visit your local Office Depot retail
store location or www.officedepot.com.
To become a fan of Office Depot on Facebook and receive exclusive
content, offers and more, please visit www.facebook.com/officedepot.
To follow Office Depot on Twitter, please visit www.twitter.com/officedepot.
About Office Depot
Celebrating 25 years as a leading global provider of office supplies and
services, Office Depot is Taking Care of Business for millions of
customers around the globe. For the local corner store as well as
Fortune 500 companies, Office Depot provides supplies and services to
its customers through 1,641 worldwide retail stores, a dedicated sales
force, top-rated catalogs and global e-commerce operations. Office Depot
has annual sales of approximately $11.6 billion, and employs about
40,000 associates around the world. The Company provides more office
supplies and services to more customers in more countries than any other
company, and currently sells to customers directly or through affiliates
in 55 countries.
Office Depot's common stock is listed on the New York Stock Exchange
under the symbol ODP. Additional press information can be found at: http://mediarelations.officedepot.com
and http://socialpress.officedepot.com/.

Office Depot
Owen Torres, 561-438-0037
Owen.Torres@officedepot.com
or
Mindy
Kramer, 561-438-4276
Mindy.Kramer@officedepot.com
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