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Untangle The Financial Web

10:41AM / Wednesday, October 07, 2009
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PITTSFIELD, Mass. - For small business owners stuck in a web of confusion of how to get financing and where to go, they now can learn to get to ‘yes’ by understanding their financing options, the requirements and the decision-making process utilized by lenders and grantors.

On Wednesday, October 21, 2009 from 9 a.m. to 11 a.m. the Berkshire Regional Office of the Massachusetts Small Business Development Center Network (MSBDC) will present Untangling The Financial Web. The workshop will be held at 75 North Street, suite 360, Pittsfield, MA.

According to one of the presenters, Robert H. Nelson, Massachusetts District Director for the US Small Business Administration, the SBA is committed to help untangle the web of confusion around financing. “We are here to help you start, grow and succeed in business and we are doing everything we can to make sure that small business leads us out of this recession."

And financing is available. Director Nelson states, "together with our lending partners and technical resource partners, we are making an impact in Massachusetts. SBA loans are up a phenomenal 73% when comparing pre Recovery Act activity to post Recovery Act.” But more needs to be done to get financing out to small businesses.

Susan Mongue, Senior Business Advisor of the Berkshire Regional Office for the Massachusetts Small Business Development Center will conduct the workshop. Besides the SBA and the MSBDC, local lenders and community business partners will be on hand to answer questions.

The event is co-sponsored by Berkshire Bank, Berkshire Chamber of Commerce, Greylock Federal Credit Union, Lee Bank and Legacy Banks.

Since space may be limited, those wishing to attend are encouraged to pre-register by contacting the Small Business Development Center at (413) 499-0933 between 9:00 a.m. and 2:00 p.m., or selecting Training Seminars online at www.msbdc.org/berkshire. The fee for the workshop is $35 and due upon registration. Checks should be made payable to The University of Massachusetts.

The MSBDC offers free, confidential counseling services to small business in Berkshire County through the Pittsfield office with outreach counseling available in Great Barrington and North Adams by appointment.
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