Where is the Money?
[dropcap]M[/dropcap]any business owners are wondering where they can find financing to stabilize or expand their business. To help them succeed, the Inland Empire African American Chamber of Commerce hosts a luncheon, “Where is the Money?” at the San Bernardino Chamber of Commerce on Thursday, July 28 at 11:30 a.m.
“We have brought in the best and brightest funding experts in the Inland Empire to help small business owners locate funds for growth,” said Carl Dameron, president of the Inland Empire African American Chamber of Commerce.
Funding discussions will be lead by: Small Business Administration (SBA) Lender Relations Specialist Stephen Leung, Bank of America Senior Vice President Lasandra Sanders, Small Business Development Center Director Vincent McCoy, and the San Bernardino Economic Development Agency Manager Colin Strange.
According to the SBA, seven out of ten new businesses survive at least two years. Unfortunately, just about half of those businesses fail during the next three years, due to a lack of money.
Small businesses are an indispensable element to the U.S. economy. In fact the SBA cites small businesses as being a major economic engine, employing over half of all private sector employees and contributing to nearly half of the total U.S. private payroll.
In 2011, the Inland Empire economy is expected to gain 5,200 jobs, making a modest turnaround from the deficit faced in 2008-2010, as projected by Dr. John Husing in his Inland Empire Quarterly Report. He goes on to explain that entrepreneurs starting new firms or implementing their fresh ideas stimulate most recoveries.
If you are a small business owner and want to know where the money is for your business, then you don’t want to miss this opportunity.
Admission is free, however if you wish to have lunch there is a $10 fee. All lunch reservations must be made by July 27, 1 p.m.
The Inland Empire African American Chamber of Commerce was established in 1989 to represent, promote and empower African American businesses throughout San Bernardino and Riverside counties. Its mission is to encourage economic and professional development of African American owned businesses, and enhance the quality of life in our community.
To make reservations call Shannan at (909) 888-0017.