Join us, and learn how to better protect your small business.
VEDC Tri-State Business Opportunity Fund has partnered with Travelers to bring you this FREE Small Business Risk Education workshop.
DID YOU KNOW you could be held liable for the auto accident of an employee? WHAT WOULD YOU DO if your supplier couldn’t deliver an item you use in your end product? COULD YOUR BUSINESS STAY OPEN if there was a natural disaster or if you had major surgery?
Learn safety and loss prevention strategies, and develop a plan to address your business risks. Travelers, one of the nation’s leading insurers will discuss risk management including how to identify and reduce risks.
Topics covered in this workshop:
Keeping your business up and running
Managing business relationship risk
Driver and vehicle safety
Participants who complete this workshop are eligible and encouraged to apply for a microloan.
Minorities and women-owned businesses are encouraged to participate.
5:00 pm – 6:00 pm Check-in, Networking and Complimentary Dinner Provided
6:00 pm – 8:00 pm Workshop
Call 212-231-4313 for more information.
Four women among first recipients of new ‘Microloans for Micro-Entrepreneurs Program’ presented by VEDC and Avon LLC on March 13, 2017.
Sherman Oaks, CA – Four entrepreneurs were among the first recipients of the Microloans for Micro-Entrepreneurs Program developed for home businesses by VEDC – a non-profit small business lender founded in 1976. The one-day educational seminar and salute to micro-entrepreneurs was held in partnership with New Avon LLC at VEDC’s Los Angeles, CA offices.Read More
Small business owners may not know about all their funding options. This workshop provides a framework for making decisions about which type of funding fits your business situation and needs. It orients you to the gamut of ways to raise money for your business, from crowd funding, through alternative lenders, to conventional bank and other loans.
Your instructors will represent institutions that fund businesses at various stages of development. New small business owners will from profit from knowledge of self-funding, crowd funding and other money sources more receptive to newer start-ups. Growing and established business owners will learn about community lenders and conventional banks more willing to bankroll businesses with a longer track record.
At the end of this workshop, you will be able to:
- Compare self-funding, financing from friends and family, alternative institutional lenders, and alternative community lenders, and conventional bank lenders, including pros and cons of each
- Describe the factors funders evaluate in deciding to extend a loan (e.g., credit scores)
- Define “leverage” and its risk to you and the funder
- Calculate the real cost of new money to your business
- List the funding options for newer businesses
- Distinguish between alternative community lenders and conventional banks for more established businesses
- Outline the loan application requirements for traditional banks
- List the financing options appropriate to your own business and its development stage: new, growing or established
- Summarize ways to find the right lender for your situation
Beth Goldberg is District Director of US Small Business Administration’s New York District Office, covering 14 New York City area counties. These 14 NYC, Long Island and Lower Mid-Hudson counties include approximately 1.6 million small businesses with a $322.7 billion payroll.
Need money to purchase equipment, inventory, expand or restructure your business? Need money but the banks can’t help? Come and learn about available loans, alternative financing, the 5 C’s of Credit Analysis and more! This all about business loans workshop is open to anyone interested.
money to purchase equipment, inventory, expand or restructure your business?
Need money but the banks can’t help? Come and learn about available loans,
alternative financing, the 5 C’s of Credit Analysis and more! All about
business loans, our workshop is open to anyone interested.
Necesita dinero para comprar equipo / inventario, ampliar o reestructurar su negocio? ¿Necesita dinero para su negocio, pero los bancos no pueden ayudar? Ven y aprende acerca de los préstamos disponibles, la financiación alternativa, las análisis de crédito, y mucho más!
Need money to purchase equipment, inventory, expand or restructure your business? Need money but the banks can’t help? Come and learn about available loans, alternative financing, the 5 C’s of Credit Analysis and more! All about business loans, our workshop is open to anyone interested.
JOIN VEDC AT THE SMALL BUSINESS ADMINISTRATION’S ALTERNATIVE LENDING RESOURCE CONFERENCE FOR SMALL BUSINESSES
There may be other options when you need to borrow money for your business when traditional banks will not lend to you. This event will introduce you to alternative lenders and other business resources.
(Pictured above) Andy Lau, Owner of Gunbae Korean BBQ and Karaoke Restaurant, approached two traditional financial institutions, but was unsuccessful in the search for financing given the venture’s early stage, start-up nature. It wasn’t until the New York City Lower Manhattan Business Solutions Center referred him to VEDC Tri-State Business Opportunity Fund that he was able to source the funding needed for the restaurant build-out. Gunbae is located at 67 Murray Street in New York.
To register for this FREE Small Business Resource Conference, or for additional information:
Contact the SBA at 212-264-1763.
All SBA programs and cosponsored programs are extended to the public on a nondiscriminatory basis. Reasonable arrangements for persons with disabilities will be made, if requested at least 2 weeks in advance, by contacting the SBA at 212-264-1763.