| 10/4/2006 David Wimer, CBI Guest Speaker - EPC - Central PA - November 21st, 2006 | 12/20/2004 SBA Funds 2005 Loan Program | |
| Estate Planning Council of Central PA Tuesday, November 21st, 2006 West Shore Country Club 100 Brentwater Rd. Camp Hill, PA 17011-2002 P: 717-737-5164 F: 717-761-7240 www.westshorecc.com Function: 11:30am – 1:30pm Audience: Members of EPC - Attorneys, Financial Planners, Bankers, Trust Officers, Accountants
Overview: New client development entails actively marketing your strengths to prospects who would value your services. Mr. Wimer will outline several methods for successfully marketing a professional services firm to create new clients. Biosketch: David Wimer, CBI is a Principal in Marathon Business Group, LLC, a Mergers & Acquisitions firm located in Wyomissing, (Reading) PA, where he represents sellers of privately-held companies. Marathon confidentially markets businesses to qualified industry buyers, private-equity groups and individual investors. As a business owner, Mr. Wimer has had significant experience with five start-ups over 20 years; he also has served as COO/CFO/President for three privately-held companies with revenues of $15 million to $110 million. Those experiences uniquely qualify him as an “owner’s advisor”. Mr. Wimer is a member of the International Business Brokers Association (IBBA), Pennsylvania Business Brokers Association (PBBA) and has earned his designation as a Certified Business Intermediary (CBI) by completing applicable coursework, successful examination and demonstrating body of knowledge proficiency in business transactions. He is a 2004 recipient of the Integrated Marketing & Communications Award of Central PA Chapter of Sales & Marketing Executives International (SMEI); he has been published in several industry magazines for the businesses he has served. | SBA 7(a) and SBA 504 Loan Programs. The Bill to continue and strengthen the SBA programs most helpful to many of the clients with whom we work was signed on 12/8/04. The SBA's 7(a) loan guarantee program was boosted to a $16 billion level, $3.5 billion above what the program provided last fiscal year, when a record $12.55 billion in financing was made to small business. Additionally, the government loan guarantee increased from $1 million to $1.5 million. The program will be self-supported through modest fees paid by lenders and borrowers. The popular SBAExpress program is now a permanent part of the SBA 7(a) program with the maximum loan size increased to $350,000 with a 50 percent government guarantee. The SBA 504 loan program was funded up to the $5 billion level and the maximum loan size for manufacturers was raised to $4 million. The SBA 504 loans may be used for the purchase of real estate, buildings and machinery. "The SBA had a record breaking year in the number of loans and technical assistance it provided to entrepreneurs last year and we're poised to do even better this year, particularly in our loan programs," SBA Administrator Barreto said. | |
| 10/7/2004 SBA Releases Policy Notice 5000-931 Describing Changes in 7(a) and 504 Programs | ||
| On October 1, 2004, the US Small Business Administration (SBA) issued Policy Notice 5000-931 in response to Continuing Resolution H.J. Res.107 (CR) passed on September 29 that extends the federal government's operations through November 20, 2004. Policy Notice 5000-931 was released to explain the changes and to announce the expiration of certain temporary statutory provisions regarding its programs. Changes in the 7(a) program include adjustments to the guarantee fee, the lender annual service fee, and the commercial loan fee. Policy Notice 5000-931 provides further detail of the changes: For all loans approved in FY 2005, the ongoing guarantee fee for 504 loans is 0.288 of one percent (decreased from the FY 2004 of 0.393 of one percent). | ||