NYBDC's Yuri Schmidt Participates in the SBA's 'Alternative Financing Platforms to Fund Your Business' Panel Discussion
NYBDC's Yuri Schmidt was a panelist on the SBA's Monthly Women in Businesses Entrepreneurial Series, 'Alternative Financing Platforms to Fund Your Business.'
The event, which took place on June 17th in New York City, featured panelists from the U.S Small Business Administration, the Bronx Women’s Business Resource Center, Lower East Side Federal Credit Union and the Business Outreach Center. The discussion was focused on alternative funding options for start-ups and small business owners.
Yuri discussed NYBDC and the 7(a) program as an option for the audience of small business owners. She explained the requirements of the loan program, as well as recommendations to help best prepare for the loan process, including visiting one of NYBDC's many technical assistance providers for guidance.
The overall message from the panelists is to be prepared. Regardless of what outlet a small business owner chooses to access capital, it is essential for them have a clear understanding of their business and the industry in which they are establishing themselves.