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PRESS RELEASEFinancing Your Business in the New Economy Seminar Available To Local Businesses 9/25/08 CONTACT: Heather Donnelly Sparta- Angelo J. Bolcato, Esq., of Laddey, Clark & Ryan's Corporate and Business Law Practice Group, and Michael Van Houten, Vice President and Loan Officer for Heritage Community Bank, will be conducting a seminar for local businesses on navigating financial decisions in today's new economy. In the current economic climate business owners seeking to borrow money face greater challenges than ever. The days of going to your bank and getting a quick loan without having to provide much justification are a thing of the past. Conventional commercial loans are not guaranteed and lenders are requiring preparation and proper documentation before they'll even consider the loan, and even then you may not be approved. "This seminar will provide an overview of the current lending climate and give you the planning tools that you need in order to submit a thorough and complete package to your lender, says Bolcato. " We'll also explore alternatives to conventional bank financing for your business." Some of the key points which will be addressed by Bolcato and Van Houten will include: The status of the current lending market, including loan rates and terms for specific financing requests; funding sources, pre-application planning and how to expedite the loan closing once you're approved and tips for maintaining your business entity and minimizing your personal liability. The Seminar will be on December 1st from 8:30 -11:30am. At Perona
Farms in Andover. Continental Breakfast and Registration will begin at
8am. For more information please call 973-729-1880, or visit lcrlaw.com. |
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