Small business funding through the new SBA line of credit program, and the post-fire preliminary assessment being done by FEMA, SBA, and the California Office of Emergency Services in Kern, Butte, and Tehama counties are among topics SBDC director Kelly Bearden discusses on this week’s free webinar.

Other topics include SBA disaster loan observations from past disasters, the approaching Corporate Transparency Act filing deadline, the economy, availability of capital resources programs, and more.

This marks the 325th episode of the “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 sign up to meet with a business advisor at no cost by clicking here!
 
TIMESTAMPS
00:00 Intro
00:36 What’s up today August 28, 2024
03:40 Poll Question #1: “What topic are you here for today?”
05:49 Poll Question #2: “What amount of business funding do you need or want?”
06:51 Poll Question #3: “What is the biggest problem in your business right now?”
08:45 Borel Fire Post-fire Workshop – September 12 at KRV Senior Center in Lake Isabella https://www.facebook.com/profile.php?id=100076322289441
10:18 Other Community Resources
10:36 AltaOne Credit Union Emergency Member Assistance Program https://altaone.org/borel-wildfire-assistance
 
USDA Resources Loss to agriculture, call Amy Rocha at the USDA Farm Service Agency, 661-281-2765 ext. 2745 USDA Farm Service Relief https://www.fsa.usda.gov/state-offices/California/index USDA Emergency Relief for farmers and ranchers https://www.fsa.usda.gov/programs-and-services/emergency-relief/index
 
Kern Community Foundation – https://www.kernfoundation.org/nonprofitstrengthening/available-grants/
 
11:46 Joint FEMA/CA/SBA damage assessment underway
14:19 What have multi-county disasters looked like in the past?
17:30 Disaster Recovery Process
18:40 SBDC Role in Disaster Relief – what the SBDC can help you with
21:30 Capital Corridor
23:02 What is the new SBA Line of Credit Pilot Program https://www.sba.gov/partners/lenders/7a-loan-program/7a-working-capital-pilot-program
 
24:52 Key Benefits of Working Capital Program for Lenders
27:12 Key Benefits of Working Capital Program for Small Businesses
32:45 Transaction Based Working Capital Program – Line Cycle
34:52 Eligible Uses of Proceeds
37:22 Examples of Successful Use of Line of Credit
42:34 Want to Run a Home Daycare Business? Nurture – No Cost Training Program for New Home Child Daycare Businesses https://www.nurturebusiness.org/
43:35 Membership has its privileges https://csubsbdc.com/get-started
44:26 SBDC tools to help your business succeed!
47:50 Questions and Answers with webinar attendees