CPE Plus: Important Updates to SBA Financing
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Virtual
1.00 Credits
Member Price $0.00
Overview
• Important updates to SBA 504, SBA 7(a), Express & WCP programs
• Financing a business acquisition with/without real estate
• Equipment carve out on a business acquisition
• Full or partial changes of ownership or partner buyout
• Acquisition/expansion within same industry
• Importance of NAICS, how it affects SBA cap, how it affects down payment
• Seller notes and Claw backs and NO earnouts
• SBA rules vs. Bank rules
• NEW Working Capital Pilot (WCP) program – up to $5MM asset-based line or transaction-based line to support growing small business. Joe Raycraft from SBA will present on this portion.
This event is part of the following bundles:
Leader(s):
Leader Bios
Joe Raycraft, Webster Bank
Joe Raycraft works for the U.S. Small Business Administration as Export Finance Manager for the New England Region and is part of SBA’s Office of International Trade. Joe joined SBA in 2020 after more than 20 years working in commercial lending and international banking. As Export Finance Manager, Joe works to promote SBA export loans and working capital lines of credit through direct outreach to SBA partner lender banks, small business exporters and SBA resource partners. Joe brings more than 25 years of private sector business experience, including international roles in the areas of manufacturing, commercial finance and banking. Most recently, Joe worked at a Connecticut Community Bank where he supported small businesses. Joe earned his B.S. Finance from Babson College and M.A. International Affairs from Ohio University and he served as a U.S. Peace Corps Volunteer in the Dominican Republic.
Kathleen Kelly, Webster Bank
Kathleen Kelly is an SVP, SBA Relationship Manager at Webster Bank in Boston, lending in all of New England and New York. Kathleen has been with Webster bank for 7 years, but has been involved in SBA lending for 22+ years at various banking institutions, offering the gamut of SBA programs for different business needs. Kathleen was awarded the SBA’s Financial Services Champion for Massachusetts and New England. Kathleen is a graduate of University of Massachusetts with an MBA and Northeastern University with a BS in business administration. Webster Bank, HQ in CT, is a Preferred SBA lender, lending in our New England/New York footprint. We have been the #1 SBA lender in New England in recent years and were just awarded the #1 lender to Veterans in Massachusetts.
Member Price $0.00