CSU Bakersfield SBDCServing Inyo, Kern, and Mono Counties.
Helping Your Business Start, Grow and Succeed

Information on the Small Business Administration’s 7a and 504 loan programs, and recent SBA loan program changes are among topics of this week’s free webinar presented by the Small Business Development Center at CSU Bakersfield.  

Host and SBDC director, Kelly Bearden is joined by Keith Brice, President & CEO of Mid State Development Corp. Brice provides details on the SBA’s 504 loan program, and new SBA loan changes including E-Tran updates.

Kelly is also joined by Dr. Mark Novak, CSUB Dean of the Division Extended Education and Global Outreach. Novak provides an update on the Bakersfield Food Service Management Training Program that launched in September. Successful completion of the online training allows a business to apply for a $5,000 or $10,000 grant through the Bakersfield Entrepreneurship Grant Program.

Jon Urbano, business development manager for Alta One Credit Union also joins Kelly. Urbano discusses the many types of SBA 7a loans for small businesses.

The webinar begins with information on available capital resources programs, and weather-related disaster assistance for businesses from local, state, and federal governments.

This marks the 295th episode of the weekly “Webinar Wednesday” business series that provides news and information helpful to employers and business owners.

The CSU Bakersfield SBDC provides free one-on-one consulting to help small business owners.

New and existing businesses can go to www.csubsbdc.com for more information or to sign up for assistance.

TIMESTAMPS Links in bold blue below are where Dr. Novak, Keith Brice, & Jon Urbano each begin to speak.
00:00 Intro
00:35 What’s up today October 18, 2023
04:23 Poll question #1: “In 2021, The SBA 7a loan guaranteed a grand total of what amount?”
06:49 Status of key local programs
09:46 Kelly introduces Dr. Mark Novak to discuss the Bakersfield Foodservice Management Program https://extended.csub.edu/programs/bakersfield-foodservice-management-pr...
16:55 Capital Corridor: Debt ceiling for small businesses – factors that can limit your ability to raise capital
18:10 Kelly introduces Keith Brice, President & CEO of Mid State Development Corp.
23:27 Keith talks about new SBA loan changes - New: Validation 4363
24:39 NEW: Validation Error 4363
26:37 NEW: Compliance Pre-Check
29:04 Kelly rejoins Keith for discussion
29:56 SBA loan program changes – Kelly and Keith
31:49 Winter disaster info
32:17 SBA disaster loan comparisons
33:51 Keith and Kelly discuss SBA disaster loan comparisons
34:41 SBA disaster loans comparison – residential
35:24 Business Security Improvements Grant Program https://www.bakersfieldcity.us/1118/Business-Security-Improvements-Grant
36:15 On Demand Webinar: All About Economic Injury Disaster Loans https://youtu.be/PKZNfdEnZc0
36:41 Community Calendar: Oct. 26 Small Business Expo, Kern County Black Chamber of Commerce
36:57 Community Calendar: AltaOne Credit Union SBA Lending Mixer – Oct. 19
37:35 Kelly introduces Jon Urbano, Business Development Manager for AltaOne Credit Union
38:36 Who is AltaOne?
39:26 Business Deposits
39:36 Business Loans
39:59 What is the SBA?
40:29 SBA 7(a) Loan Program
42:24 SBA 7(a) Loan Eligibility
44:43 SBA Resources
45:47 SBA Application Process
46:40 Business Loan & SBA Difference
48:08 Contact info for Jon Urbano and conclusion of his presentation
48:52 Kelly rejoins Jon for discussion
51:55 Questions & Answers with attendees - Kelly, Keith, & Jon
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Funded in part through a Cooperative Agreement with the U.S. Small Business Administration and a Grant with the Governor’s Office of Business and Economic Development. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA or the Governor’s Office of Business and Economic Development. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the California SBDC closest to you.