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December First Friday: Understanding Small Business Commercial Lending

Is a Small Business Loan Right for Your Business?

Are you looking for funding for your small business? Have you considered a commercial loan, but are not sure if you would qualify? Join us for a conversation with Dyan Macomber, Vice President of Small Business Banking at Bangor Savings Bank and Diane Sturgeon, District Director of the Small Business Administration Maine District Office, to discuss what kind of loans are available for small businesses in Maine.

The workshop will cover the specifics of SBA guaranteed loan programs including small loans for home-based businesses,  construction loans, lines of credit, and others.  We will discuss what commercial lenders look for when considering a small business loan, including credit scores, business plans and collateral.  We will also share local resources that can help female entrepreneurs think critically about how to best invest in their business and reach their financial goals. If you are looking to start or grow your business in 2022, be sure to join us.

Register today!

The CEI offices remain closed to the public, but we're hard at work! Reach out or click here for a list of COVID-19 Business Resources.
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