HCC to Offer Seminar on Small Business Loans

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Last updated:Sunday, Jun 05, 2011 at 12:03 PM Posted:Saturday, Jun 04, 2011 at 11:33 PM

The Small Business Center of Haywood Community College will offer a free seminar entitled “Financing Your Small Business" on Tuesday morning, June 7, from 8-10 a.m. on campus in the Board Room of the Frazell Administration building. Two local lenders will be on hand to meet with potential borrowers of small business loans and lead a discussion on how they can spot weaknesses in their loan applications. Potential borrowers can learn how to design strategies to get the lender to say “yes” to loan requests. Charles Umberger, President of Oldtown Bank, will discuss the new CAP lending program that has routed 86 million to participating banks in North Carolina. Allan Steinberg, Smoky Mountain Development Corporation will discuss the SBA 504 loan, featuring low down payment, longer repayment terms and the new refinancing option on existing real estate.  To preregister for this free seminar, call the Small Business Center at 627- 4512.