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Congressman Pete Gallego Attends Small Business Roundtable hosted by the UTSA SBDC

Congressman Pete Gallego Attends Small Business Roundtable hosted by the UTSA SBDC

(May 14, 2014) The UTSA Small Business Development Center, a part of the UTSA Institute for Economic Development, hosted a Small Business Access to Capital Roundtable on May 14, 2014 with Congressman Pete Gallego. Morrison Woods, Director of the UTSA SBDC expressed that, “It was a great opportunity for Congressman Gallego to hear about capital needs and the challenges to obtaining capital directly from small business owners in his Congressional District.”

The agenda included an open forum on access to capital, an overview of Small Business Administration lending programs and a lender panel. Lenders include Kenan Pankau, SBA Program Manager with Randolph-Brooks Federal Credit Union; Elva Adams, Vice President of Banking Business with Wells Fargo Bank; Maitland Rutledge, Jr., Senior Vice President with the Bank of San Antonio; and Joe Peña Jr., Market President with Frost Bank.

The purpose of the roundtable was to provide current information on loan programs available to small business owners, answer questions they may have about the various loan programs and clarify any ambiguities that exist about the current lending environment. The discussion with Congressman Gallego allowed small business owners the opportunity to express their needs for capital directly to the Congressman for his consideration in addressing the needs of small business.

Among the many items mentioned by small business participants at the event included the regulatory burdens of doing business, the need for capital for business expansions, the cost of capital to start a business and the documentation requirements for obtaining a loan.

The UTSA SBDC offers integrated services to meet the needs of experienced small business owners as well as entrepreneurs just starting a business. The SBDC serves San Antonio and the 10 surrounding counties. The experienced staff provides confidential, one-on-one business advising at no charge, and wide array of training workshops. In 2013, clients assisted by the SBDC obtained $52 million in capital to start or expand their business.

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