Fueling Your Small Business with SBA Lending - Online
The SBA does not lend money directly to small businesses. However, the SBA assists in bringing debt capital (i.e., loans ranging from a few thousand dollars up to $5 million dollars) to small businesses across the country by providing incentives such as a guarantee to their lending partners (e.g., non-profit lenders, small community banks, credit unions, regional lenders, and nationwide banks) to assist new and existing small businesses and industries for a variety of purposes.
In this webinar, you will learn about the various SBA loans including the 7a, Micro, and Community Advantage Loan, and gain an understanding of when a Surety Bond might be needed.
Businesses can use SBA loans to:
• Provide long-term working capital for operational expenses or to purchase inventory;
• Obtain short-term working capital, including seasonal financing and exporting;
• Purchase equipment, machinery, furniture, fixtures, supplies, or materials;
• Buy land or purchase, build, or renovate an existing building;
• Expand an existing business; or
• Refinance debt (under certain conditions).
Register by: 10:00 AM May 31
NOTE: For this webinar, there is a two-step registration process. Once you complete your registration with the Small Business Center (SBC), you should receive a confirmation email from firstname.lastname@example.org that includes a Zoom link for the second part of the registration process. If you do not see the confirmation message in your inbox, please check your junk/spam folder. In order to receive the video conferencing login information and guarantee your spot for the webinar, you must also register via the Zoom platform.
Speaker(s): Scott Wolford
Fee: No Cost