Webinar – Transforming the Small Business Lending Process (And How to Do It In Your Community)
Presenter: Jonathan Snyder, Director, Business Financial Resources for the Philadelphia Commerce Department Jonathan Snyder, who administers the Philadelphia Capital Consortium, explains this innovative program that turns the typical capital-seeking process on its head. Business owners seeking capital for their business can complete and submit a single standardized initial form which is distributed to all of the lenders comprising the Philadelphia Capital Consortium. Lenders interested in funding the business contact the owner, so the owner needs only submit full applications to lenders they know already are interested in helping them move their business forward. This is a high-impact initiative an IBA/Local First group could help coordinate or administer.