This new loan programs are called the SBA Express, Patriot Express Loan, Export Express Loan and the new SLA v. 2 Loan Program Workshop. And the class giving all the details on who qualifies and how to apply, etc., is free.
For-profit businesses, both full time and part time, including home-based businesses, are eligible.
Those attending will learn how to apply, step-by-step, for U.S. Small Business Administration Working Capital Loans from a lending expert, Sue Malone, director of marketing for Superior Financial, which is a small business itself that helps entrepreneurs get small business loans and is one of the largest SBA licensed lenders in the country.
These are NOT credit card loans. These are SBA guaranteed loans.
Some of these SBA loan program highlights include: no collateral necessary; no prepayment penalty required; no hidden fees involved; affordable payments available; the establishment of credit in the business’ name; Patriot Express loans available specifically for veterans, reservists and the spouse and/or widow of the vet or reservist; as well as a rapid response to the loan application.
Plus, businesspeople attending the class will be able to apply for the SBA loan right at this workshop.
The SBA loan class will be given on Wednesday, Dec. 12, from 3 to 4 p.m. at the TSBDC at Cleveland State Community College, 3535 Adkisson Drive, N.W.
The classes are free, but registration is required.
To register online for this workshop, go to https://www.tsbdc.org/workshop.aspx?ekey=25320027 or call the TSBDC offices at 478-6247.
To see other available classes online, and/or to register, students can also visit www.tsbdc.org.
The other class given onsite at the CSCC TSBDC premises in December is the Federal Procurement Workshop, which is a seminar on how to get government contracts.
It will be given a week before the SBA loan class on Wednesday, Dec. 5, from 9 a.m. to noon.
This free seminar will go over the basics of how to get government contracts and become a federal supplier.
Topics included are: how to market to the federal government; how to find government business opportunities; information regarding federal codes; how to find information on the Internet related to government contracting; and understanding the government contracting process.
The seminar is sponsored by the Small Business Development Center, in cooperation with the U.S. Small Business Administration and the University of Tennessee Procurement Technical Assistance Center. The PTAC helps Tennessee companies find bid opportunities, understand the government contracting processes, meet quality control standards, and bid successfully in the government marketplace.
Registration is required. Go to: https://www.tsbdc.org/workshop.aspx?ekey=2532002.
But the local TSBDC, and the statewide and online TSBDC, have many more courses available for budding or current entrepreneurs. And most of them are free.
Some are given at specific sites and others are online. Courses include such topics as: Business Start-Up; Experience Talks: Social Media Marketing; Beginning Quickbooks; Advanced Publisher; Writing your own Business Plan; How to Become Bankable; 4 Keys to Success; An Hour with my Attorney; Research for Business Planning; An Hour with a Bookkeeper; IRS Small Business Tax Workshop; Introduction to Web Pages, and many more.
Cleveland’s local TSBDC is just one branch of the 14 statewide network centers and seven affiliate offices made up of business consultants and based in Tennessee. TSBDCs provide expert business advice to all types of businesses, from retail to professional, service or manufacturing, etc.
First, a personal consultant is assigned to each client who helps guide the potential business owner through the various steps to establishing their own business. The TSBDC also provides referrals to the extensive resources they have available to find the best answers to any business questions.
And, other than a few specialized training courses, all of these services are free.
Six associates help area entrepreneurs out of the Cleveland TSBDC offices.
David Hudson is the director of Cleveland’s center. He develops, directs and markets the various programs for five counties: Bradley, McMinn, Meigs, Monroe and Polk. He has extensive business experience, including running companies out of Guatemala. He is fluent in both English and Spanish.
Lynn Chesnutt is a small business specialist who specializes in financial planning and bank financing and can assist business owners with initial business assessments, financial projections, business plan preparation and preparing for loan applications.He also has 29 years of banking and financial services experience right here in East and Middle Tennessee.
Robert Hotchkiss is one of the small business specialists at the center. He helps business owners start their businesses, and also helps the businesses grow and become more profitable. His expertise includes financial planning, initial business assessments, licensing and tax information, financial projections, business plan preparation, and preparing for loan applications. He also has 20 years of experience in the banking industry, environmental protection sector, assisting nonprofits and managing several loan funds.
Lisa Janes is another one of the center’s small business specialists. She specializes in marketing and social media marketing, target marketing, branding, brochure design and website design. Janes also has experience in real estate, pharmaceutical sales, merchandising and public relations.
Chapin Miller also is a small business specialist who specializes in assessing business needs, business plan preparation and financial projections. His experience includes working closely with banks and local chambers in providing business development assistance, as well as 40 years of experience in commercial banking.
Alisha Rice is the center’s information processing specialist. She maintains the center’s social media sites, assists in coordinating training events, does bookkeeping, date entry and manages the front office. Rice has experience in social services, nonprofits, procurement and workforce development.
The center’s office is open Monday through Friday from 8 a.m. to 4:30 p.m. and is located in the Technology Building at CSCC in Room 126.