| |
| |
| |
| |
Program Sponsors |
 |
| |
 |
|
Press Release |
|
|
Small Business Loan Workshop |
| |
| Richmond SBA 05/01/2009 - A small business financing workshop is set to run from 10:00 a.m. to Noon on Thursday, May 21, 2009, announced Ronald E. Bew, District Director of the U.S. Small Business Administration’s Richmond District Office.
The workshop will be held at the offices of the Middle Peninsula Business Development Partnership, located at 125 Bowden Street, Saluda, Virginia 23149. Representatives from the Small Business Administration, Rappahannock Region Small Business Development Center and Middle Peninsula Business Development Partnership will present information on SBA loan programs, counseling services and available technical assistance. Loan applications will be available for SBA Community Express loans.
The workshop will also provide entrepreneurs and small business owners with up-to-date information on enhancements to SBA’s programs as a result of the 2009 Recovery Act. The Recovery Act makes SBA part of the credit access solution, providing the agency with specific tools to make it easier and less expensive for small businesses to get loans.
To register, please call Peggy FaJohn of SBA at (804) 771-2400, Ext.126 or Candie Newman of the Middle Peninsula Business Development Partnership at (804) 758-4917. There is no cost to participate, but pre-registration is recommended.
Under the SBA’s CommunityExpress Loan Program, a loan guaranty is offered to lenders who provide small business loans up to a maximum $250,000. However, lenders have historically used the program to make small business loans from $5,000 to $50,000. A CommunityExpress loan offers an avenue to capital access for small and home-based businesses.
Highlights of the CommunityExpress Loan Program include:
* The SBA does not require lenders to take collateral on loans of $25,000 or less.
* SBA-backed loans may be used for new or existing businesses.
* Technical assistance (Business Counseling & Training) is available. Technical assistance
has been recognized by the SBA as often crucial to the success of small businesses. For this reason, CommunityExpress loans include a technical assistance component.
* Less paperwork for smaller loans and a 36-hour turn-around from the SBA.
* The lender makes the loan decision on behalf of the SBA.
For more information about the SBA’s programs and services, visit the agency’s Web page at www.sba.gov/va and look in the "Financing" section. The SBA extends all programs to the public on a nondiscriminatory basis. |
|
|
