Financing Your Business

SCORE Oxford Hills and Norway Savings Bank are pleased to present a workshop on financing a business.

Choosing the right financing option for your small business and determining which type you can obtain, can be confusing or overwhelming. More importantly, you need to understand which financing options are available and appropriate for your business, now.

Obtaining financing when you are starting a business or have been open for less than two years can be difficult. Did you know that business loans are now available for as little as $1,000 and that there are loan programs designed specifically for home-based businesses? This workshop will discuss the various types of financing.

Some of the financing options covered include:

SBA loan
Equipment financing
FAME loans
Lines of credit
Commercial mortgages
Other financing options

You will also learn the questions to ask yourself if you need financing, including:

How much do I need?
How quickly do I need it?
What are my credit scores?
How much revenue does my business generate?
How quickly do I plan to pay it back?

Who Should Attend?

Any existing business owners
Aspiring entrepreneurs
Business owners looking to expand their business

Your Presenters:

Sequoia Hoinsky

Sequoia has been with Norway Savings Bank for more than two years, serving as a front line supervisor and as a personal and business account opener and editor. She has been studying commercial lending, being mentored by one of NSB’s leading vice presidents, and has a sound understanding of commercial and consumer lending.

Carter Lessard

Carter has worked in banking since 2016 and is currently employed by Norway Savings Bank as a Personal Banker. He has worked heavily in the area of Mortgage Lending and loves working with customers to find solutions that will help them achieve financial prosperity. As a SCORE Mentor, he wants to help future and existing business owners find their passion by making a living doing what they love.