SBA holds speed dating for small businesses

About small-business owners hoped to meet their perfect matches Wednesday during a Meet the Lenders event held by the U. It was speed dating, with a twist: Participants were given 20 minutes to pitch their financing needs, in hopes of landing longer appointments and, ultimately, loans from about 40 lenders in attendance. Business owners were encouraged to come prepared with financial statements, business plans and other documents to hasten the process. Last year, fewer than half of the lenders in attendance were business owners, Jefferson said. On Wednesday, however, nearly all the participants were either owners of established businesses, or entrepreneurs with established business plans who were well on their way to starting their own companies. Sinoe Naji of Lansdowne was hoping to impress lenders with her plans for Philly Cares Pharmacy, an independent pharmacy that would focus on the health of girls and women. Agex oversees the small-business lending programs for several banks, including MileStone Bank in Doylestown, which recently received federal funding to increase its small-business lending program. Crissa Shoemaker DeBree: ; email: cshoemaker phillyburbs. Site Archive.

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