Building Capacity: Steps to Becoming an SBA Microlender in Washington State Webinar Replay

‍

Providing microloans to very small businesses is a powerful tool for leveraging successas an Entrepreneurial Support Organization. There are often limited options for small businesses to access financing, especially among those businesses that have been historically marginalized or have operated outside of traditional lending institutions.  

VIDEO REPLAY‍

‍

This virtual workshop was held on May 21, 2024 and offered information about the SBA, their Microlenders in WA and presented information about how to become an SBA Microlender in Washington state.

‍

Presenters:

~ Janie Sacco, Outreach and Marketing Specialist with the Seattle District Office of the U.S. Small Business Administration‍

~ Karen Campbell, Director of Financial Stability at SNAP Financial Access (SFA)‍

~ Chanue' Fizgerald, Executive Director and Founder, WA African American Chamber of Commerce, Tri-Cities ‍

~ Lisa Smith, Executive Director, Washington State Microenterprise Association

‍‍

Janie Sacco provided information about the U.S. Small Business Administration’s (SBA) Microloan Program, Karen Campbell of SNAP Financial Access in Spokane WA presented the operational side of the program and Chanue' Fitzgerald shared about the Washington African American Chamber of Commerce in the Tri-Cities as a prospective SBA microlender, why microlending is vital for the businesses she serves and how she is preparing her organization to apply.

‍

Webinar Materials:

Karen Campbell Slide Deck: Microlending and Technical Assistance

Janie Sacco Slide Deck: SBA Microloan Program

SBA Microloan Standard Operating Procedures

SBA Microloan Program Application Materials: 

1. Cover Sheet (Excel)

2. SBA 1081-508 (PDF)

3. Lending History Chart (Excel)

4. Cost of Lending Calculation (Excel)

5. Item 10 Chart (Excel)

6. Certification of Contracts, Grants, Loans & Cooperative Agreements (PDF)

7. Disclosure of Lobbying Activities (PDF)

8. Transactions SBA (PDF)

9. Resolution of Board of Directors (PDF)

10. Security Agreement (PDF)

Note: Janie is available to present to potential applicant’s boards and answer questions regarding the application documents.

Reach out to Janie Sacco, Outreach and Marketing Specialist

Seattle District Office, U.S. Small Business Administration

Cell (206) 300-3863

janie.sacco@sba.gov

‍