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Overcoming the Challenges for Business Loans in Today’s Economy

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Wheaton & Kensington Chamber of Commerce, Neighbor

Wheaton & Kensington Chamber of Commerce
Breakfast Mixer
Continental Breakfast ~ Mix & Network with Other Businesses

Overcoming the Challenges for Business Loans in Today's Economy

with speakers:
Sean Chrysostom, VP Business Banking Development, CapitalOne Bank, Kensington

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Todd Rovin, Manager & Financial Center Leader, BB&T Bank - Georgia Ave, Wheaton

Cesar Lopez, Director of Lending, LEDC (grows small businesses through microloans)

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Questions we will consider:
1. Cash flow is currently a challenge for most small businesses.  Do banks have any new products to help small businesses weather this storm?

2. Banks are requesting far more frequent updates on business owner's financial information.  How is the best way for a business to address this if the news is not very good?

3. How important is long-term banking relationships in times like these?  Do banks really care?

4. What is the most important thing to demonstrate that a business in trouble is turning things around?

5. With borrowing money more difficult across the board, what is in store for small businesses in the future?

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