Small Business Startup News

SBA Brings Small Business Owners, Bankers Together

Written by Jenna Weiner
Published: 8/12/2010

Sacramento office gives business owners a chance to meet with lenders.

The U.S. Small Business Administration recently held a meeting at its Sacramento Office, which brought together both lenders and small business owners. The Sacramento Bee reports that the nearly 50 small business leaders in attendance got a chance to meet with local bankers and small business experts for 10 minutes each, in an effort to educate them on how best to get a loan.

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One of the reasons for the meeting was to help banks understand the issues that small businesses are having when it comes to getting credit and learn how they can best be helped.

"Bankers don't understand us as much we understand them," said Michael Kyalwazi, owner of three Sacramento-area Cafe LeMonde coffee shops, in an interview with the news source. "They don't understand our trials and tribulations. How can we bridge that gap?"

The Sacramento SBA director, Jim O'Neal, said that his organization's event was designed to help entrepreneurs get "used to talking to lenders."

The West Coast Arm of the SBA recently made news for entrepreneurs when Elizabeth Echols was officially sworn in as the Regional Administrator for Region IX of the U.S. Small Business Administration. As part of her post, Echols will focus on California, Arizona, Nevada, Hawaii and Guam.

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