Small Business
Workshop: Access to Capital for Spanish Speaking Business Owners
The Long Beach Small Business Development Center (SBDC) and PalacioMagazine.com have teamed up to sponsor Access to Capital Workshop. The 90-minute workshop will be in Spanish for the attending Small Businesses. The Small Business Development Center (SBDC) helps small business owners succeed with low-cost training and no-cost one-on-one advising from experienced entrepreneurs and industry experts.
The Access to Capital workshop in Spanish will be held on Tuesday, August 9, 2016. It will be on the Pacific Coast campus of Long Beach City College (LBCC), 1305 East Pacific Coast Highway, Building GG, Room 238.
Moderating the Access to Capital workshop
Max Ordoñez
Moderating the Access to Capital workshop is Max Ordoñez. Ordoñez has been an advisor with the Long Beach SBDC for the past five years. He’s also the Alumni Manager for the Goldman Sachs 10,000 Small Business program at LBCC. Mr. Ordoñez’s knowledge base for the Access to Capital workshop comes from more than twenty-five years of experience working with small- and medium-size businesses.
PalacioMagazine.com recently sat down with Mr. Ordoñez to discuss the workshop.
The Path to Access to Capital
Mr. Ordoñez described the two mistakes that Small Businesses have about accessing capital.
“Not being fully prepared,” was his first response.
“One of the goals of the workshop is to have our participants, at the end of the workshop, to have a good roadmap to prepare themselves and their businesses to seek out a loan.”
The other mistake is Small Business not knowing how much money they need and how they will spend it.
With a Small Business loan, “We need to communicate to the bank or banker or lender for that capital exactly how we are going to reinvest that into our businesses.
On the agenda of the Access to Capital Workshop will be a discussion of the types of loans that are available.
“What kinds of loans are the marketplace making to Small Businesses. We’re going to talk about some of the requisites that are required in preparation of that loan.”
According to Ordoñez, “There will be five clear requisites we want all our Small Businesses to understand and be able to address before they meet with the banker.”
Lastly, the goal for the attendees is to get loans so they can grow their businesses and create jobs.
But the workshop will not be a lecture. Mr. Ordoñez has expectations that the workshop will be an interactive meeting with certain deliverables.
“I’m going to ask the attendees to share with me what we need to do and put a list together and that way we’ll have participation as opposed to a lecture.”
The Small Business owners will identify the five important tasks they’ll need to accomplish when they return to their businesses.
For More Information on Access to Capital workshop
The Access to Capital workshop in Spanish will be held on Tuesday, August 9, 2016. It will be on the Pacific Coast campus of Long Beach City College (LBCC), 1305 East Pacific Coast Highway, Building GG, Room 238.
For more information, contact Ted Hiatt, Long Beach Small Business Development Center, (562) 938-5115. You can register for the Access to Capital workshop HERE.
