Description
This SBA workshop is designed to educate small business owners and financial professionals on the fundamentals of SBA financing—with a focus on the SBA 7(a) and 504 Loan Programs. The workshop will provide an in-depth overview of program features, eligibility criteria, application processes, and practical case studies to help participants make informed financing decisions.
Background:
The U.S. Small Business Administration (SBA) offers various loan programs that are vital for our small businesses. The SBA 7(a) loan program offers flexible funding for working capital, equipment, and real estate, while the SBA 504 loan program is ideal for long-term financing of fixed assets. Despite their benefits, both entrepreneurs and financing professionals face challenges understanding the nuances of each program.
Objectives:
- Explain eligibility requirements, documentation needs, and application processes.
- Educate participants on the core features and differences between SBA 7(a) and 504 loan programs.
- Present real-life case studies and success stories.
- Facilitate interactive Q&A sessions to address specific participant questions.
- Empower attendees to make informed decisions regarding their financing options.