Capital-access event showcases business-lending options

Special to The Enterprise

As businesses face the reality that many state and federal grant programs are a luxury of the past, entrepreneurs and business owners looking to grow their companies in a postCOVID economy must rely once again on traditional lending as a way to raise capital.

To showcase the borrowing options available to businesses large and small, the Sacramento Valley Small Business Development Center and the Solano-Napa Small Business Development Center have partnered to present “Recover and Rebuild:

Find the Capital Resources You Need for Your Business” on March 16 at the Davis Veterans Memorial Center, 203 E. 14th St. in Davis.

The evening event, sponsored by Marble Bridge Group, will include a lender presentation at 6 p.m. with a question-andanswer session to follow. At least five financial organizations are expected to attend, including Marble Bridge Group, Wells Fargo, California Capital FDC, Travis Credit Union, First Northern Bank and Working Solutions.

“Between all of these lenders, business owners will learn about a variety of traditional and nontraditional loan opportunities that are available to them right now to help build and expand their business,” said Tim Murrill, director of the SolanoNapa SBDC.

“Over the last three years, there have been an abundance of grant programs that have helped our small businesses,” Murrill added. “As the economy tightens that season is mostly behind us. Businesses are going to have to rely on traditional lending sources such as loans and equity to fund their growth.”

Business owners can also meet one-on-one with the financial representatives and learn about important resources available in the region for business owners from NorCal SBDC, Solano-Napa SBDC, Sacra- mento Valley SBDC, Davis Chamber of Commerce, Ag Start, and California Capital WBC.

Admission is free and light refreshments will be provided.

Registration begins at 5:30 p.m. and preregistration is encouraged at bit.ly/capitalresourcesnet working.