Friday, February 18, 2005
SBDC Presents Course on Gaining Access to Business Capital
SALISBURY, MD---The Small Business Development Center at Salisbury University hosts the seminar “Access to Capital: Micro-Loans for Small Business” 3-5 p.m. Thursday, March 10, in Room 220 of the Power Professional Building at the corner of Wayne and Power streets. Micro and small businesses needing only small loans ($5,000 - $25,000) now have better options for obtaining the capital they need. Learn about what programs and choices micro lenders now provide, including information from Maryland Capital Enterprises Inc. Other topics include the Small Business Administration Community Express Loan Program, a new initiative designed to spur economic development and job creation in untapped rural and inner city communities with venture capital, commercial loan credits and technical assistance. Loans include term loans, lines of credit and commercial mortgages. Proceeds can be used for purchasing inventory, machinery and equipment, land and buildings and for working capital. Following the ATC seminar, representatives from Innovative Bank will be on hand to take applications for their Community Express unsecured loans. The seminar fee is $20, including materials. To register contact SBDC Training Coordinator Jennifer Layton at 410-543-6516 or e-mail SBDCtraining@salisbury.edu. Registration deadline is Monday, March 7. For more information visit the SBDC Web site at www.salisbury.edu/community/sbdc.