The U.S. Small Business Administration (SBA) offers a range of loan products designed to empower businesses like yours, especially those from underrepresented groups. Join us for this enlightening seminar where we'll delve into the SBA's top three loan products: the SBA 7(a), SBA 504, and the SBA Microloan Program.
Key Takeaways:
SBA 7(a) Loan Program: As the SBA's flagship loan program, the 7(a) offers flexibility, longer terms, and lower down payments compared to other financing options. Ideal for businesses needing financial help for a variety of general purposes, from working capital to purchasing real estate or equipment.
SBA 504 Loan Program: Focused on economic development, the 504 loan is perfect for businesses looking to purchase major fixed assets such as land or buildings. Discover how this program can offer low down payments and fixed-rate financing, making it easier for businesses to expand and modernize.
SBA Microloan Program: Tailored for smaller financial needs, the Microloan program provides loans up to $50,000. This is a fantastic option for startups, businesses in their early stages, or those needing smaller amounts of capital. Learn about the unique benefits, including the provision of valuable training and technical assistance.
Who Should Attend?
All small businesses with fewer than 500 employees are encouraged to participate, especially those from underrepresented groups. Whether you're just starting out or looking to expand, this seminar will provide you with the insights and knowledge to navigate the SBA's top loan offerings.
Join us and equip your business with the financial tools and knowledge it needs to thrive in today's competitive landscape. Register today and take a step closer to realizing your business dreams!
👉 You will receive Zoom meeting access information to this webinar with your event registration confirmation.
Speaker(s): SBA
Co-Sponsor(s): Kingsport Chamber, Kingsport Office of Small Business Development & Entrepreneurship (KOSBE), TSBDC, East Tennessee State University, Johnson City Jonesborough Washington County Chamber, Bristol Chamber, Greene County Chamber
The cooperative agreement between KOSBE and East Tennessee State University is partially funded by the U.S. Small Business Administration (SBA). SBA’s funding is not an endorsement of any products, opinions or services. SBA funded programs are extended to the public on a non-discriminatory basis. Additional funding is provided by the Tennessee Board of Regents and the state of Tennessee. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Please contact Madison Greene - mgreene@tsbdc.org; 400 Clinchfield Street, Suite 100, Kingsport, Tennessee 37660.
Fee: No Cost