Event

Micro-Lending for Small Businesses

Apr 15 10:30 am — 12:00 pm
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As a small business, start-up, home based business or first time entrepreneur looking for that critical first loan traditional banks and other senior lenders may not be the best resource. Larger lenders operate in a highly regulated environment with a resulting lower ability to deal with higher risk businesses, first time business owners and start-ups.

There are , however, other sources of funds where the regulatory restrictions are less severe, the lenders are non-profits themselves with social as well as business missions to achieve and/or the lending programs were designed, by Congress or the State of California’s Legislature, to help historically under-represented groups access capital.

These sources of funds are encapsulated in the universe of micro-lenders with a more flexible approach to lending. Micro-lenders typically can lend as little as $5,000 but, generally, have the ability to go as high as $150,000 while other programs can lend up to $350,000 to $500,000.

For the majority of new small business ventures, seeking $25,000 to $75,000, in capital micro-lenders represent a viable and more probable set of financing partners than larger lenders. California has programs offered by both Federal and State programs to help new borrowers get started. These lenders and their programs often offer the best chance for funding for a new venture.

Please join us for this new webinar to better understand how the micro-lending universe can help you achieve your business goals.

The information provided in this webinar and any supplementary materials provided to registrants are intended for educational and informational purposes only and does not constitute professional financial or legal advice. No registrant should act or fail to act on the basis of any material contained in this webinar without obtaining proper financial, legal or other professional advice specific to their situation. The Northern CaliforniaSmall Business Development Center, and its host, the HSU Sponsored Programs Foundation, specifically disclaims any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the information presented in this webinar. By registering for this webinar you acknowledge and agree that you have read, understood, accept and agree to the above disclaimer and that under no circumstances shall the Northern California Small Business Development Center or it’s host, the HSU Sponsored Programs Foundation, be held liable for any claims, losses, or damages of any kind or nature arising out of or in any way related to the information provided in this webinar and/or the registrant’s use of or reliance on said information.

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