How to Borrow Money that Doesn’t Bite or Sting October 27, 2021, 11:00am CDT October 27, 2021, 12:00pm CDT
Location:
Zoom Webinar

Learn about dangers and pitfalls when borrowing money for your new business and why it is important to choose a serious, certified lender. Avoid unwise decisions that start up entrepreneurs may make because they can’t wait to get money from an SBA approved lender. Local and independent bankers save many small businesses, because they have a fiduciary duty to their clients based on Federal laws. . Bankers will protect your information and intellectual property and help guide your business because your success in in their best interest, too. Consider the risks when getting money from financing sources that do not have fiduciary duties like SBA lenders. Alternate sources of funding include venture capitalists, badly created limited offerings, family and friends, seller financing, crowd funding, and hard money lenders. The laws governing the practices of these sources afford the borrower little in the way of protection except usury law.
Laura Fowler is the Managing Shareholder of The Fowler Law Firm, PC. She is a regular speaker to SCORE audiences and to real estate and business group. She is an instructor licensed to teach continuing education courses required by the Texas Real Estate Commission.

How to Borrow Money that Doesn’t Bite or Sting