How to Utilize The New Treasury Small Business Credit Initiative $10 Billion Small Business Loan Programs — Webinar 3/8
40 states have been approved for SSBCI funding
16 states are accepting SSBCI applications through lenders
Understand SSBCI 2.0 2023 Requirements for Lenders
A Coleman Training Webinar
Date: Wednesday, March 8, 2023
Time: 2:00pm Eastern
Download a Registration Form
The State Small Business Credit Initiative (SSBCI) was reinstated in March 2021 with $10 billion in funding as part of the American Rescue Plan. A considerable jump from $1.5 billion in 2010.
Small business lenders nationwide have been instructed to apply as Treasury approves state programs in “batches.”
This Coleman webinar will give an introduction to SSBCI 2.0 programs for financial institutions to utilize an alternative opportunity to 7(a) and 504 lending.
Leading the way with the most allocated funding is the California Small Business Loan Guarantee Program. An eye popping $20 million max loan amount has gained the attention of lending partners.
What your team will learn:
- Purpose/Use of Funds
- Financing Method
- Qualifications
- Application for lenders
- SSBCI SOP
- Benefits of mitigating risk to loan portfolio
- Benefits of partnership with FDC
- Bank uses its own forms
- Fee 2.5%
- Non-profits eligible
- OK to mandate banking relationship
- Lines of credit up to $20MM
Testimonial: We’re not here to compete with SBA. We work with CDFI’s, Banks, Credit Unions. We want to be the second or third resource that do not meet SBA criteria.
Juan Carlos Hernandez
President & CEO
California Southern Small Business Development Corporation
Why SSBCI?
Small businesses face barriers to securing financing:
Lack of collateral
Short credit history
Small dollar requests
Seeking scarce early-stage equity capital
Located in underserved geographies or markets
SSBCI financing programs are a targeted way to spur private sector lending and investing:
Target local needs
Leverage the best local partners
Designed to support job creation and other local economy benefits, underserved communities, and small businesses owned by socially and economically disadvantaged individuals
Coleman Report Webinar Benefits:
- Coleman Report webinars provide solutions to problems that left unaddressed will jeopardize the SBA loan guarantee.
- We give management the tools to create prudent credit boxes compliant with SBA’s standard operating procedures.
- We train your staff to ensure compliance of existing and new SBA rules and regulations.
- Tips that solve difficult SBA underwriting, servicing and liquidation challenges.
Your Professional Coleman SBA Webinar Instructors:
A former small business owner, Lance Sexton has a successful history of working with small business owners and students related to entrepreneurship and SBA loan origination, servicing, and liquidation.
He has received three training industry awards for his webinar instruction and his 8-week loan closing course.
Lance has over 30 years of experience, including ten years directly managing portfolios of SBA loans. Lance was an entrepreneurship faculty member of the Sam M. Walton College of Business at the University of Arkansas. He is an Executive Vice President of Fountainhead Commercial Capital and has been affiliated with Coleman Publishing for over eight years
.
Bob Coleman is the founder of Coleman Publishing, a publisher of newsletters, reports, data, conferences, webinars, online training videos — to help finance professionals become small business lending experts.
Bob is the nationally recognized expert on small business financing. He has appeared frequently on Fox Business News, NPR and other numerous media outlets. He is sourced by all print media. He is a frequent speaker about small business lending throughout the US and EU. Bob has a BA in Medieval History from the University of California Santa Barbara and a MBA in Real Estate Finance from the University of Southern California.
Bob has earned numerous awards as a producer of events and video training.
His passion is getting capital to Main Street and Rural American small business.
How the Webinar Works
We use GoToWebinar as the webinar platform.
We will open the webinar for attendees to join at 1:30 pm ET. This will give each attendee thirty minutes before the webinar begins to troubleshoot any technical issues. Call (818) 790-4591 if you need assistance.
Recording
All Coleman webinars are recorded and a link is sent to all attendees.
Single Site License
The single site license grants your institution one viewing of the webinar. It is permissible to use a single site license on one device in a conference room to be viewed by multiple attendees The webinar can be viewed on any device.
Multiple Site License
A multiple site license is an unlimited access pass for anyone at your institution. You will be given a link that will be usable to anyone with your email domain.
Webinar Links and Handouts
The webinar link will be included on your sales receipt.
The link will also be included when we send the presentation and handouts. These will be sent by eod the day before.
Participants Earn Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for SBA and your regulators.
Questions
Questions throughout the webinar are strongly encouraged. There are two ways to ask a question. The first is to ask the question via the chat box on the GoToWebinar dashboard. The second is to send an email to joseph@colemanreport.com. Also, feel free to ask pre and post-webinar questions.
Telephone Only Option
You may also choose to listen to the program on your telephone. The phone number will be provided with the handouts.
The Fine Print
1) Substitutions are allowed at no charge.
2) Cancellations receive a 100% credit for any Coleman product.
3) As with all our products, we offer a 100% money back satisfaction guarantee — no questions asked.
Three Easy Ways to Order
1) ONLINE — Register and pay online via Paypal
2) EMAIL –Send an email to joseph@colemanreport.com with “Webinar Registration” in the Subject Line. We will do all the paperwork and either send you a sales receipt or an invoice. Pay your Quickbooks generated invoice with a credit card. Download a Registration Form
3) PHONE — Call Joseph, Bob or Michael at 818-790-4591.
Bob Coleman
Publisher, Coleman Report
bob@colemanreport.com