CPE PLUS: Understanding Advantages of SBA Financing With Program Updates
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Virtual
1.00 Credits
Member Price $0.00
Overview
There have been many changes in SBA lending in the past years and we are expecting more this year. This presentation will be an overview of SBA financing rules with any updates and a chance to ask questions. Financing through the SBA, small business administration, allows a smaller or in some instances no down payment, a longer term, a collateral shortfall and is the difference between getting the loan and not getting the loan. The SBA 7(a) program is frequently used for business acquisition financing, partner buyouts or partial buyouts and the SBA 504 loan program is frequently used for acquisition of fixed assets, majority owner-occupied commercial real estate or equipment with a life of 10 years or longer.
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Leader(s):
Leader Bios
Kathleen Kelly, Webster Bank
Kathleen Kelly is an SVP, SBA lender at Webster Bank in Boston, lending in all of New England and New York/New Jersey. Kathleen has been involved in SBA lending for 24 years at various banking institutions, coming up on 9 years at Webster. She has offered the gamut of SBA programs for different business needs, much of which is business acquisition financing, partner buyouts, partial buyouts or majority owner-occupied commercial real estate.
Kathleen frequently presents on SBA financing for businesses, many to Veteran business owners, Veterans exiting the military. Kathleen is a graduate of University of Massachusetts with an MBA and Northeastern University with a BS. She serves on two boards, VETRN, www.vetrn.org, which offers a 6 month online program for Veteran business owners based on a course in strategic business planning, business cashflow and financial management, and BLDC, www.bostonbusinessloans.org, a loan fund for businesses located and employing in the City of Boston.
Member Price $0.00