First Thursdays with the SBA

Each month a representative of our local Economic Development and Business Support community will be a guest speaker to discuses a variety of topics. This is a great opportunity to make connections and network with other small business owners.

The course will help find the proper resource for you:

Fund your Working Capital Cycles with 7(a)

  • Term loans and lines of credit are available up to $350,000 through SBA’s Express loan program.
  • SBA’s CAPLines line of credit programs can finance working capital and contract lines of credit up to $5 million.

Register-buttonTIME: 12:00 PM to 1:00 PM

FEE: No fee

LOCATION: 1125 Jefferson Davis Highway

INSTRUCTOR: Ford Scott, Lender Relations Specialist, Virginia District Office, U.S. SBA

 

ABOUT THE INSTRUCTOR: Ford Scott is a Lender Relations Specialist with the Richmond, Virginia District Office of the U.S. Small Business Administration (SBA). Ford is responsible for marketing SBA loan guaranty programs to lenders and economic development organizations throughout Virginia. He received a Bachelor’s degree in Mathematical Sciences from Virginia Commonwealth University.

The SBA is an agency of the Federal Government established in 1953 to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.

In FY 2017, participating SBA lenders made 751 SBA loans totaling over $390 million to small businesses in Virginia (excluding the northern Virginia area). Of the 751 SBA loans:  93 were made totaling $57.9 million under the 504 Loan Program which finances owner-occupied commercial real estate and heavy equipment  97 were made to Veteran-owned small businesses totaling $25.7 million  130 were made to Women-owned small businesses totaling $41.1 million  182 loans made to Minority-owned small businesses totaling $128.3 million.

For more information, please contact our office at 540-654-1383.