SBA Line of Credit Program and Borel Fire Disaster Update

Small business funding through the new SBA line of credit program, and the post-fire preliminary assessment being done by FEMA, SBA, and the California Office of Emergency Services in Kern, Butte, and Tehama counties are among topics SBDC director Kelly Bearden discusses on this week’s free webinar. Other topics include SBA disaster loan observations from past disasters, the approaching Corporate Transparency Act filing deadline, the economy, availability of capital resources programs, and more.

This marks the 325th episode of the “Webinar Wednesday” business series that provides news and information helpful to employers and business owners.

The CSU Bakersfield SBDC provides free one-on-one consulting to help small business owners. New and existing businesses can go to www.csubsbdc.com for more information or to sign up to meet with a consultant at no cost.

TIMESTAMPS
00:00 Intro
00:36 What’s up today August 28, 2024
03:40 Poll Question #1: “What topic are you here for today?”
05:49 Poll Question #2: “What amount of business funding do you need or want?”
06:51 Poll Question #2: “What is the biggest problem in your business right now?”
08:45 Borel Fire Post-fire Workshop – September 12 at KRV Senior Center in Lake Isabella
https://www.facebook.com/profile.php?...
10:18 Other Community Resources
10:36 AltaOne Credit Union Emergency Member Assistance Program
https://altaone.org/borel-wildfire-as...

USDA Resources
Loss to agriculture, call Amy Rocha at the USDA Farm Service Agency, 661-281-2765 ext. 2745
USDA Farm Service Relief https://www.fsa.usda.gov/state-office...
USDA Emergency Relief for farmers and ranchers https://www.fsa.usda.gov/programs-and...

Kern Community Foundation - https://www.kernfoundation.org/nonpro...

11:46 Joint FEMA/CA/SBA damage assessment underway
14:19 What have multi-county disasters looked like in the past?
17:30 Disaster Recovery Process
18:40 SBDC Role in Disaster Relief – what the SBDC can help you with
21:30 Capital Corridor
23:02 What is the new SBA Line of Credit Pilot Program
https://www.sba.gov/partners/lenders/...

24:52 Key Benefits of Working Capital Program for Lenders
27:12 Key Benefits of Working Capital Program for Small Businesses
32:45 Transaction Based Working Capital Program – Line Cycle
34:52 Eligible Uses of Proceeds
37:22 Examples of Successful Use of Line of Credit
42:34 Want to Run a Home Daycare Business? Nurture – No Cost Training Program for New Home Child Daycare Businesses https://www.nurturebusiness.org/
43:35 Membership has its privileges https://csubsbdc.com/get-started
44:26 SBDC tools to help your business succeed!
46:53 Major Cal State Bakersfield Small Business Conference coming October 19
47:50 Questions and Answers with webinar attendees



#SBA #smallbusiness #borelfire