03.31.10

Leahy Sets Vermont-Wide Small Business Lending Conference For Monday, April 26, In Barre

With tight credit still a problem for some Vermont businesses, U.S. Senator Patrick Leahy (D-Vt.) has organized a free conference for small businesses in Vermont to learn about current lending and financing options available through local banks, credit unions, nonprofits, state entities and the federal government.  The conference will be held at the Barre Auditorium on Monday, April 26, 2010, from 8 a.m. to 12:30 p.m.  More details about the conference and registration information are available on Leahy’s website at http://leahy.senate.gov

“Small businesses are the backbone of Vermont’s economy and an important engine in our economic recovery efforts,” said Leahy.  “Yet more than a year after a deep financial freeze imperiled our economy, some small businesses in Vermont are still struggling to find the working capital they need to invest in new jobs and new markets.  This free conference will help small businesses all over the state better understand the great variety of commercial lending opportunities available here in Vermont.” 

Donna Gambrell, Director of the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund, will keynote the conference and highlight the economic recovery efforts by the Treasury Department can help small businesses.  After the opening session, Vermont business owners and representatives will have an opportunity to meet face-to-face with individual lending institutions to review their business needs and financing options.  Workshops also will be available for businesses to hear directly from banks, credit unions, business development specialists, government procurement counselors and other businesses about how to navigate the lending process and how to secure government contracting and bonding opportunities.

Leahy is partnering with the Vermont Bankers Association, the Association of Vermont Credit Unions, the Small Business Administration, the Vermont Small Business Development Center, the Vermont Procurement Technical Assistance Center, the Vermont Community Loan Fund, the Vermont Economic Development Authority, and USDA Rural Development to make this event possible.

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Conference Schedule

8:00-8:45 a.m.             Registration
Register for the event and for appointments with individual lending institutions

9:00-9:45 a.m.             Opening Session
Remarks of U.S. Senator Patrick Leahy

Remarks of Donna Gambrell, Director of U.S. Department of Treasury’s CDFI Fund

10 a.m.-12:30 p.m.      Business And Lender Matchmaking Event
10-minute appointments with individual lending institutions to review your business needs and financing options

10-11:15 a.m.              Workshop Round 1

11:15 a.m.-12:30 p.m. Workshop Round 2 

Finding Your Way Through The Lending Process
Hear from financial institutions, business development specialists, and businesses on how to put together a strong loan application and navigate the lending process. 

Grow Your Business Through Government Contracting And Understand Bonding Requirements
Hear the Director of Procurement Technical Assistance Center on how to make government contracting part of your business and receive an understanding of business bonding requirements.

Learn About Alternative Financing Options
Hear from financial institutions, state and federal agencies, and business development specialists about alternative financing opportunities for your business.

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Press Contact

David Carle: 202-224-3693