Are California Businesses Paying Too Much To Finance Their Growth and Expansion?

  • 17 Mar 2015
  • 11:30 AM - 2:00 PM
  • Crowne Plaza Hotel - LAX, 5985 West Century Blvd, Los Angeles CA 90045

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Tuesday, March 17th, 2015 (3rd Tuesday)

BIW Meeting & Installation of Officers

Time: 11:30 AM - 2:00 PM

Location: Crowne Plaza Hotel LAX, 5985 West Century Blvd, Los Angeles, CA 90045

Are California Businesses Paying Too Much To Finance Their Growth and Expansion?
(A Mini-Bootcamp on SBA Government Loan Programs for Small Business)

Speakers:  

Mark Morales, VP - HomeStreet Bank, SBA Division          

Natalie Orta - Chief of Economic Development - LA District Office - U.S. SBA

The U.S. Small Business Administration has made some interesting changes in the past few years to make funding more broadly available, opening up new programs and categories of Minoritiy Funding eligibility. Did you know that current Minority Program funding eligibility includes businesses run by Women, Disabled Veterans, Asians, Hispanics, Blacks and, most recently, those in the LGBT community.? Did you know that the ‘Small Business’ covers companies up to $15 Million in size? And compared to other newly launched Business Funding Ventures, such as Amex's new Credit Card  Funding Program featuring a 30% Interest rate, as well as On Deck and others, SBA carries only a 6% annual interest rate. Many CA entrepreneurs have struggled to get financing in the past or are thinking of expanding their businesses in the coming year so are wondering what SBA is all about or if they might qualify. This is a chance to review the options and launch your company on a new road to expansion.

Mark Morales,  VP - HomeStreet Bank, SBA Division 

Mark Morales is the Vice President of the SBA Division of HomeStreet Bank. With over 18 years of business banking experience, Mark’s specialties include SBA financing and loan programs: SBA Contract Loans (CAPLines), SBA Export financing.  SBA 7(a) Business Loans, SBA 7(a) Real Estate Loans, SBA 504 1st Trust Deed Real Estate Loans and Real Estate Bridge Loans.  Mark has addressed meetings for CPA’s, Business Groups, Chambers of Commerce as well as the BIMA group (Beauty Industry Market Access) about how to access to capital and SBA Loan Programs to gain growth capital.  Mark is a Board Member and Treasurer of the LAGLCC and helps the NGLCC with Minority Business Certifications for its members.  He has been a member of BIW since 2011 as well as a Meeting Sponsor last year.


Natalie Orta - Chief of Economic Development - LA District Office - U.S. SBA

Natalie Orta is Chief of the Economic Development Division at the Los Angeles District Office of the U.S. Small Business Administration where she has worked since 1995. She is actively involved in outreach efforts targeting the small business population in Los Angeles, Ventura and Santa Barbara counties.  Natalie has organized and participated in many business seminars and Boot Camps sponsored by numerous civic and private organizations in the LA area. Several of these events were conducted in their entirety in Spanish, which Ms. Orta learned during her fifteen years while residing in Mexico, where she taught English as a second language.


Are California Businesses Paying Too Much
To Finance Their Growth and Expansion?

Tuesday, March 17, 2015

Last year was a stellar year for SBA lending, which is good news for small to medium-sized businesses up to $15 Million in size. In Fiscal Year 2014, the SBA’s flagship loan program, the 7(a) Loan Program, achieved another lending record. SBA approved 52,044 new 7(a) loans for nearly $20 billion in funding, an increase of 12 % in the number of loans and 7.4 % in dollar amounts over the previous year. Now is the time to learn more about this valuable program! Mark  will cover the different SBA loan types for  Export Financing, Business Expansion, Business Purchase, Real Estate Purchase and Tenant Improvements.

If your company has struggled to get financing in the past or are thinking of venturing into small business loan territory for the first time, you may be wondering what SBA's loan programs are all about. Here’s your chance to find out.

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 Early Registration:

  • Members - $45.00 (USD)- Up to 2 guests may be registered at the time of member registration.
  • Non-Members - $65.00 (USD)

Click here to REGISTER NOW

 

RESERVATIONS MUST BE RECEIVED by Monday, March 16th, AT Midnight,

After which a $15 LATE REGISTRATION FEE will apply.

NOTE:  Membership Directories will be distributed to paid members who are present at the meeting.  Others will be mailed following the meeting.

 

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Menu for St. Patrick's Day

Appetizer :  Creamy Potato Leek Soup with Green Watercress Garnish

Entrée Choices:

Irish Corned Beef & Cabbage with Irish Parsley  Red Potatoes and  Roasted Heirloom Carrots

Baked Salmon Hollandaise served with Sauteed Spinach and Baby Red Potatoes

Vegetarian Spinach Linguini tossed with Extra Virgin Oil Over  Bed of Sauteed Spinach and Asparagus topped with Baby Zucchini & Tomatoes

Dessert Green Tea Sorbet  topped with Fresh Berries,  served with Freshly Brewed Coffee, Tea & Iced Tea.

Self Parking & Valet Parking available:

Self Park:  No Charge with Validation at event

Valet Park:  $12.00 with Validation

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Click here to REGISTER NOW

Space is Limited so Register Early


 
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