Financing Alternatives for Small to Midsize Businesses

On September 26, 2011, the Board of Directors of the Connecticut Development Authority (CDA) approved an increase of the automatic enrollment from $350,000 to $500,000 in their Small Business Loan Guarantee Program, also known as URBANK. URBANK is designed to help small entrepreneurial businesses gain access to financing ranging from $20,000 – $500,000 that would otherwise be unavailable by greatly reducing the risks to the lender.

Later this month, CBIA will be offering two programs to help you and your business learn about URBANK and various types of commercial financing available to you and how to acquire them while avoiding the pitfalls that can be trouble for borrowers.

When and where:

Wednesday, October 12, 2011 | Registration: 8:15 to 8:30 am | Program: 8:30 to 10:30 am | CBIA, 350 Church Street, Hartford

Thursday, October 20, 2011 | Registration: 8:15 to 8:30 am | Program: 8:30 to 10:30 am | Blum Shapiro, 2 Enterprise Dr., Shelton

Topics covered:

– Direct commercial loans

– Small business loans

– Low cost financing options

– Accounting pitfalls to avoid in the financing process

Speakers:

Jim Bzdyra, First Niagara (October 12 in Hartford)

Lynn Kornita, Wells Fargo (October 20 in Shelton)

Marie O’Brien and John Lobon, Connecticut Development Authority (CDA)

Dave Rosenthal, Blum Shapiro

Who Should Attend?

You should attend one of these programs if you are an owner, CFO, CEO, or comptroller of a small to mid-sized company (20-500 employees) and are seeking financing.

Cost:

Free to CBIA members and non-members.

For more information or to register, call CBIA’s Lise Clich̩ at 860-244-1977 or email lise.cliche@cbia.com.