Let's Talk: Loans to Small Businesses w. Assistance -Seminar
Let's Talk: Loans to Small Businesses with Assistance from the Small Business Association
May 5, 2020 | 1pm to 2:30 pm
PRESENTED BY: SCORE OF DELAWARE & CHESTER COUNTIES
In Partnership with Western Chester County Chamber & Downingtown-Thorndale Chamber
Join Kimberly B. Stout, Economic Development & Lender Relations Specialist with the U.S. Small Business Administration (SBA) Philadelphia District Office, as she discusses small business loans. In her current role, Kimberly is responsible for promoting the SBA lending programs and maintaining a network of collaborative partners to assist, promote, and protect small businesses.
As a small business, sometimes receiving “financing” (borrowed money) is called “getting credit” and a bank is said to “extend credit” to a loan recipient. This workshop will help you prepare to become credit ready and discuss new and existing sources of business funding. Topics covered will include:
What lenders look for in a loan applicant (the “Five C’s of Credit”)
What a credit score is and why it matters
What’s included in a loan application, including the importance of a Business Plan and cash flow projections and assumptions, AND avoiding predatory lending practice
Updates on SBA Disaster Assistance due to COVID-19.
Speaker: Kim Stout Kimberly is an Economic Development & Lender Relations Specialist. She joined the U.S. Small Business Administration (SBA) Philadelphia District Office in October 2013. As an Economic Development & Lender Relations Specialist, Kimberly will be responsible for promoting the SBA lending programs and maintaining a network of collaborative partners to assist, promote and protect small businesses. Prior to joining the SBA team in October 2013, Kimberly worked as a Business Development Director for Community Action Development Corporation of Allentown. She trained and mentored small business owners and aspiring entrepreneurs on how to start and operate a small business focusing in the areas of business planning, marketing and financial assistance. Stout gained her small business experience while owning and operating a restaurant in Shippensburg, PA. Kimberly earned her bachelor’s degree in Geography/Regional Development and a master’s degree in Organizational Development and Leadership from Shippensburg University of Pennsylvania.