Financing Your Business!

On Thursday, July 18th 2024 the Entrepreneurship Council hosted a seminar on Financing Your Business.  The speakers included Sarah Osmer from SmartBank, Brent McMahan from Small Business Administration (SBA), and Angie Sweatman from The Bancorp.

The different speakers covered what was available for start-ups and pre-existing businesses.  Sarah Osmer covered what SmartBank had to offer.  She also covered what banks are looking for and mentioned how they would partner with SBA and other lending agencies to help small businesses in need of financial support for working capital, equipment and more.  Brent covered various programs offered by the SBA to help with obtaining funds for small businesses which included the 7a program, 8a program, and more.  He also talked about micro loan programs and various programs available to help businesses with things like developing a business plan, training, and much more.  Angie Sweatman spoke on the 504 loan and how they worked with the SBA on Long term loans for buildings purchases and new builds as well as financing equipment in the loan.

There was over 30 registered participants.  The event was great, and the participants left knowing more than they came in with.  If you would like to attend a future event, feel free to visit our site at www.entrepreneurshipcouncil.org or give us a call at (334) 655-0417.

The Entrepreneurship Council is a 501(c)3 organizations.