Lunch & Learn Series
The Subject:
"SBA and USDA Lending Options for Your Business"
Have you ever become frustrated with conventional bank financing for your business? Many small to mid-size businesses struggle with this question every day. One rarely discussed alternative for start-ups and established businesses is the opportunity available through SBA and USDA loan programs.
As a Preferred Lender of the Small Business Administration (SBA), United Community Bank has partnered with the USDA through their Business and Industry Rural Development Program in order to provide small business loans for owners frustrated with traditional bank financing. Through these products, United Community is allowed to offer extended repayment terms, no calls or balloons, and lower equity requirements, resulting in both increased cash flow and peace of mind. As an added incentive to business owners, the bank's relationship with SBA enhances its ability to expedite your loan request while maintaining local credit authority and loan servicing.
At our next Lunch & Learn on Thursday, October 30, learn how these lending programs might assist your business with future growth needs.
The Expert:
After 22 years working for one of Tennessee’s largest regional banks (First American Bank), Sam Hammett ventured into the community banking culture in 2001 and has not looked back. Prior to his current job as Senior Vice President - Commercial Lending with United Community Bank, Sam also worked 9 years with FSGBank. According to Sam, in 32 years, there have been many changes in the banking environment, but none as drastic since the real estate debacle in 2008. While it remains a fulfilling profession, bankers continue to be frustrated with the stringent underwriting environment that was largely influenced by lax regulation of Wall Street and the derivative markets. Furthermore, Sam believes that sound banking should be 'boring banking' consisting primarily of loan and deposit opportunities; exotic investment vehicles are dangerous to our economy and the banking industry. We think you will be impressed by Sam's ability to make sound decisions and yet value relationships - a rare, some would say "dying breed" in the banking industry!
Lunch Provided.
Please join us for other special events during our Celebration of Family Business...
Note: The Legacy Centre's Lunch & Learn Series is a monthly/bi-monthly educational workshop in a small group setting that gives owners and key employees the freedom to ask questions and seek specialized training from experts on professional topics pertinent to their business success.
When
Thu Oct 30, 2014
11:30 a.m. - 1:00 p.m.
Where
The Legacy Centre Office
6312 Kingston Pike
Knoxville, TN 37919