We dive into the world of small business financing on the ROCC Pod, highlighting two key programs aimed at supporting entrepreneurs. Our guests, Belinda Turner-DuBois from CEED Lending and Cathy Rasegan from the US Small Business Association, share insights into their respective lending programs designed to help small businesses access capital.

Belinda introduces CEED Lending, a part of the Great Lakes Women's Business Council, which offers loans to businesses unable to secure traditional funding. She details the types of businesses eligible for CEED's programs, emphasizing support for startups and businesses planning to expand. CEED Lending's approach includes not just financial assistance but also mentorship and technical support to ensure businesses thrive.

Cathy discusses the SBA 504 Loan Program, explaining its focus on helping small for-profit businesses acquire fixed assets like buildings and equipment. She outlines the program's benefits, such as lower down payments and fixed interest rates, making it an attractive option for businesses looking to grow. Both guests highlight the importance of their programs in fostering economic development and supporting underserved communities.

Belinda's contact info: 248-460-3973 / Great Lakes Women's Business Council CEED Lending: https://www.greatlakeswbc.org/ceed-lending/

Cathy's SBA contact info: 248-858-5101 / raseganc@oakgov.com / oakgov.com/bfc

Learn more about the Royal Oak Chamber of Commerce: https://www.royaloakchamber.com/

Connect with our hosts:

Jon Gay from JAG in Detroit Podcasts - http://www.jagindetroit.com/

Lisa Bibbee from Keller Williams - http://soldbylisab.com/