Virginia Small Business Council 12.17.21

Ice breaker: Where in VA do you like to go for beautiful scenery? 

Questions: 

XWhat was your initial source of capital when starting your business? 

XIn your experience what types of lenders have you found to be the most reliable:

Community banks

CDFA 

Big Bank

Other? 

XDid you have an established relationship with a lender/bank prior to starting your business? (prior to the pandemic?)

XIf/when you do get the capital you need have you been prey to high-interest rates, exorbitant fees, and other malicious practices? 

What is the lending/A2C landscape in Virginia for small businesses? 

In what ways can it be improved? 

Has Small Business Majority helped direct you to sources of funding or resources for funding?

If no: What could we do more effectively to make that a reality. 

Prior to the pandemic had you heard of or received loans from the SBA? If yes which products: 

7(a)

Microloan

504 

Has Small Business Majority helped direct you to sources of funding or resources for financing?

If no: What could we do more effectively to make that a reality. 

TILA sign-on letter