On Friday, March 13th, 2015, Jeanne Bergeron and I had the pleasure of attending the Women's Small Business Roundtable Discussion in New Orleans, Louisiana. Senator David Vitter, Chairman of the Senate Small Business and Entrepreneurship Committee, and the National Women's Business Council invited women-owned small businesses to share their concerns regarding growth and opportunities in Louisiana. The roundtable discussion focused on identifying opportunities to help Louisiana women successfully launch, grow, and run their own small businesses.
Senator Vitter believes that growing small businesses is vital to Louisiana's economy and way of life. He stated, "It is essential that we get rid of government impediments to growth, reduce the tax burden on small businesses, ensure access to capital, and provide training to owners and entrepreneurs."
Community Business Finance had an opportunity to discuss our 504 Loan Program and how we can help participants meet their financing needs as it pertains to real estate and equipment. Since 2005, our mission is to help companies expand with long-term, low down payment, fixed-rate financing. This is how Community Business Finance fulfills our economic development mission to help businesses grow and, in turn, create jobs in their communities.
Senator Vitter stated he is working to ensure that all small businesses have increased access to capital and that federal lending programs receive the proper oversight to effectively assist small businesses. Community Business Finance understands that the 504 Loan Program is historically underutilized. SBA loan programs have great flexibility, but due to the lack of awareness of program benefits borrowers have trouble accessing these programs. We want to serve the market and educate borrowers on the alternative financing that is out there.
Senator Vitter believes that another significant hurdle to small business growth is a lack of awareness as to what resources are available to train and assist new and expanding business owners. Community Business Finance is proud to assist in borrower education through Small Business Development Centers (SBDCs).
SBDCs provide a large variety of technical assistance to small businesses and entrepreneurs. They are hosted by leading universities and colleges in partnership with the SBA. Their mission is to aid entrepreneurs in becoming business owners and help existing businesses remain competitive. Their consulting services are free of charge and they offer training services at a nominal fee.
Community Business Finance has approved more than 200 loans for a total of over $150,000,000, and created over 2,300 jobs throughout Texas and Louisiana. We are proud to provide the best available financing terms to the businesses we serve.
For more information on Community Business Finance's 504 Loan Program visit our 504 School, or contact our offices:
In Texas call Bill Ebersole at 713-457-1650, ext. 201, or email him at
In Louisiana, call Jeanne Bergeron at 1-800-462-1017 or email her at email@example.com.