BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VEVENT DTSTART:20201007T133000Z DTEND:20201007T160000Z X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:Howard County Executive’s 2020 Small Business Series DESCRIPTION:Keynote: Brandon Bellamy\, Velocity Companies\n Finance: Understanding the Lending Process\n\nThe Paycheck Protection Program (PPP) was lifeline for many small businesses. Unfortunately for many small Black and Latino businesses\, this program was a source of frustration as just 12% of black and Latino business owners who applied for PPP (Paycheck Protection Program) loans reported receiving what they asked for\, according to a survey by Global Strategy Group. Sadly\, the Center For Responsible Lending (CRL) predicted this PPP problem back in early April when it found that roughly 95% of black-owned businesses and 91% of Latino-owned businesses "stand close to no chance of receiving a PPP loan through a mainstream bank or credit union." Among the many hurdles faced by minority firms was the fact they lacked a prior relationship with a larger bank or were not adequately prepared from a preparation standpoint.\n\n\n\nTakeaway: Attendees of this seminar will leave with a better understanding of the lending process\, how to foster a relationship with your lending institution and what documents you should readily have available when seeking a loan.\n\n \n\nParticipants:\n\n\n Brandon Mason\, SBDC (Moderator)\n Lisa Anderson\, Anavo Transformation Solutions \n Greg Dorsey\, Kelly Dorsey Law \n Rosa Scharf\, M&T Bank\n\n\n\n Finance: Alternative Financing Options \n\n \n\nUnderstanding your business market and having a plan for success is important for small business owners. Perhaps even more important is financing. Without access to capital\, sustainability and growth will not happen. Furthermore\, financing a startup or small business can be a difficult\, drawn-out process\, especially for those with poor credit\, a short business history\, or no collateral. If you have a low credit score and no collateral to offer\, then one must consider alternative options.\n\n \n\nTakeaway: This session will focus on small business funding options\, examine the benefits of alternative lending\, and provide tips on how to finance your business.\n\n \n\nParticipants:\n\n\n Randy Claxton\, Meridian Management Group\n Antonio Tabora\, Latino Economic Development Center\n Kara Dipietro X-ALT-DESC;FMTTYPE=text/html:
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  1. Keynote: Brandon Bellamy\, Velocity Companies
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  2. Finance: Understanding the Lending Process
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\nThe Paycheck Protection Program (PPP) was lifeline for many small businesses. Unfortunately for many small Black and Latino businesses\, this program was a source of frustration as just 12% of black and Latino business owners who applied for PPP (Paycheck Protection Program) loans reported receiving what they asked for\, according to a \;survey \;by Global Strategy Group. \;Sadly\, the \;Center For Responsible Lending (CRL) predicted this PPP problem back in early April when it found that roughly 95% of black-owned businesses and 91% of Latino-owned businesses &ldquo\;stand close to no chance of receiving a PPP loan through a mainstream bank or credit union.&rdquo\; Among the many hurdles faced by minority firms was the fact they lacked a prior relationship with a larger bank or were not adequately prepared from a preparation standpoint.
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\nTakeaway: Attendees of this seminar will leave with a better understanding of the lending process\, how to foster a relationship with your lending institution and what documents you should readily have available when seeking a loan.
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\nParticipants:\n\n\n\n
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  1. Finance: Alternative Financing Options \;
    2. \n
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\nUnderstanding your business market and having a plan for success is important for small business owners. Perhaps even more important is financing. Without access to capital\, sustainability and growth will not happen. Furthermore\, financing a startup or small business can be a difficult\, drawn-out process\, especially for those with poor credit\, a short business history\, or no collateral. If you have a low credit score and no collateral to offer\, then one must consider alternative options.
\n \;
\nTakeaway: This session will focus on small business funding options\, examine the benefits of alternative lending\, and provide tips on how to finance your business.
\n \;
\nParticipants:\n\n\n LOCATION:This event will be provided through a webinar via Zoom. Please enter emails when registering yourself and others. Registration will close at 5pm on Tuesday\, October 6th. Details for the zoom webinar will be emailed on Tuesday\, October 6th at 5:05pm. UID:e.3580.2661 SEQUENCE:3 DTSTAMP:20260911T081326Z URL:https://business.howardchamber.com/events/details/howard-county-executive-s-2020-small-business-series-2661 END:VEVENT END:VCALENDAR