Demystifying Federal Funding for Your Small Business

Event description

Are you a small business owner looking to take your venture to the next level? This informative session, hosted in partnership with the State Small Business Credit Initiative (SSBCI) Program and the Penn State Small Business Development Center (SBDC), will equip you with the knowledge to navigate the world of federal funding and explore opportunities specifically designed to support small businesses like yours. This FREE event will take place in-person at 200 Innovation Blvd., State College, PA 16802 with a Zoom option for anybody needing to join virtually.

Join us as we welcome representatives from both the U.S. Small Business Administration (SBA) and the Pennsylvania Small Business Development Center (PASBDC) for an in-depth exploration of three key funding programs:

•        SBA 7(a) Loan Program: Learn about the most popular SBA loan program, used for a variety of business needs, from working capital to equipment purchases.
•        SBA 504 Loan Program: Discover a program focused on financing fixed assets like real estate and machinery, with a focus on long-term, fixed-rate financing.
•        SSBCI (State Small Business Credit Initiative) Funding: Explore resources offered through the PASBDC, funded by the SSBCI program,which provides technical assistance, counseling, and loans to help small businesses thrive.

Throughout this hour-long session, you'll gain insights on:

•        Eligibility requirements for each program.
•        The application process, including key steps and documents needed.
•        Expert advice from SBA and PASBDC professionals on how to strengthen your application.
•        Real-world examples of how these programs have helped small businesses succeed.

Don't miss this valuable opportunity to:

•        Gain a comprehensive understanding of these federal funding options.
•        Identify the program that best aligns with your specific business goals.
•        Ask questions during our dedicated Q&A session and get personalized guidance from the presenters.

Empower your business with the resources it needs to flourish! Register today!

Presenters:

•        Lynn Vozniak, Lender Relations Specialist, SBA Western Pennsylvania District Office
•        Will Hooten, Assistant Director, SSBCI at PASBDC

This PA SSBCI training program is specifically designed for small businesses owned by socially or economically disadvantaged individuals (SEDI) and very small businesses (VSB) with fewer than 10 employees. The PASBDC provides Technical Assistance for VSB or SEDI-owned businesses that are applying for, preparing to apply for, or have previously applied for federal or state funding.

“This project is being supported, in whole or in part, by federal award number SSBCI-21031-0044 awarded to the Pennsylvania Department of Community and Economic Development (DCED) by the U.S. Department of the Treasury.”