SBDC seminar to dissect business financing options
Small business owners wanting to find out more about loan programs and alternative financing methods can attend a free seminar Nov. 14 at the University of Houston-Victoria.
The UHV Small Business Development Center and the U.S. Small Business Administration are teaming up to present “SBA & Financing Your Business – Alternative Financing.” The seminar will be from 1:30 to 3 p.m. at the SBDC office, 3402 N. Ben Wilson St.
Annie Hudspeth, lender relations specialist for the U.S. Small Business Administration’s San Antonio District Office, will lead the seminar. Among the alternative funding sources she will discuss are:
- SBA loan guarantees
- Factoring companies
“This will be an informative seminar with a lot of useful information for existing business owners and people interested in starting a business,” UHV SBDC Director Joe Humphreys said. “Access to financial capital is such a critical component for a successful small business, so the more business owners know about the options, the better off they will be.”
Hudspeth has extensive experience counseling on financing options for small businesses. She has worked in processing, servicing and liquidation of SBA loans. She currently is assigned to the lender relations division, where she assists lenders with eligibility, servicing and loan liquidation questions, as well as marketing SBA products and services to the public in a 55-county district.
The UHV SBDC offers assistance on starting, growing and financing a business; contracting opportunities; and recovering from disaster. It also helps new businesses start and existing businesses expand through a combination of consulting and training in areas like market identification, raising capital and developing a business plan. Most of its services are free to area small business owners. The center serves Aransas, Bee, Calhoun, DeWitt, Gonzales, Goliad, Jackson, Karnes, Lavaca, Refugio and Victoria counties.
The University of Houston-Victoria, located in the heart of the Coastal Bend region since 1973 in Victoria, Texas, offers courses leading to more than 80 academic programs in the schools of Arts & Sciences; Business Administration; and Education, Health Professions & Human Development. UHV provides face-to-face classes at its Victoria campus, as well as an instructional site in Katy, Texas, and online classes that students can take from anywhere. UHV supports the American Association of State Colleges and Universities Opportunities for All initiative to increase awareness about state colleges and universities and the important role they have in providing a high-quality and accessible education to an increasingly diverse student population, as well as contributing to regional and state economic development.