SBA visits Wharton for Young Entrepreneur Series discussion on federal financing for startups - Technical.ly Philly

Mar. 26, 2012 10:30 am

SBA visits Wharton for Young Entrepreneur Series discussion on federal financing for startups

Entrepreneurs don’t always think of the government when they think of financing their startup, but you might want to in the future. Region 3 Acting Regional Administrator Bridget Bean from the Small Business Administration came to Wharton last week for a roundtable discussion with Wharton students and Philadelphia entrepreneurs to discuss how the SBA could […]

Entrepreneurs don’t always think of the government when they think of financing their startup, but you might want to in the future.

Region 3 Acting Regional Administrator Bridget Bean from the Small Business Administration came to Wharton last week for a roundtable discussion with Wharton students and Philadelphia entrepreneurs to discuss how the SBA could help their business.

“SBA’s real mission and passion right now, in large part, is to work with young entrepreneurs and many of them are in the tech industries,” said Bean. “So what we need to do is figure out, are our products and services, are they relevant to today’s tech startups? If they are great, how can we enhance them? If they’re not, what do we need to find a better ecosystem of support?”

Roughly 50 people filled a lecture room at Wharton’s Huntsman Hall to discuss federal funding opportunities from the SBA, many of them representing the Philadelphia tech community, including Philly Startup Leaders president Bob Moul, Philadelphia Game Lab and FundingWorks cofounder Nathan Solomon, Seed Philly cofounder Brad Denenberg, Philly Tech Meetup organizer Rohan Mehta, Venturef0rth cofounder Elliot Menschik, and more.

Moul and Mehta discussed the roles that Philly Startup Leaders and Philly Tech Meetup, respectively, each played in expanding financial opportunities for the startup community in Philadelphia.

“A number of us in the room here are really trying to work hard to put the elements in place to foster a more productive ecosystem,” said Moul.

The group discussed numerous issues relevant to young entrepreneurs in Philadelphia, including the obstacles facing high school-age entrepreneurs in low income communities, challenges to obtaining small business loans with less than perfect credit, and national legislation, including the recent passage of the CROWDFUND Act (Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure) through the Senate.

Advertisement

Bean told the group that the SBA was working to address many of these issues by focusing on growing opportunities for community and mission-based lending.

“We at the SBA must meet the entrepreneur where they are,” said Bean. “That’s my mission, my mandate, is to be where the small business is and find out from them what they need and bring that back to Washington.”

The event was the latest in the SBA’s Young Entrepreneur Series, a nationwide effort to inform young entrepreneurs about opportunities to take advantage of federal resources.

-30-
LEAVE A COMMENT

Advertisement

Seer, URBN, Guru and BlackRock are looking to hire at NET/WORK 2018

‘Shark Tank’ shark Daymond John is coming to Philly to talk about his new book

Grow PA: Republican gubernatorial candidates will debate economic policy in Philadelphia

SPONSORED

Philly

Vistar Media’s tech stack is not for the faint-of-heart

Philadelphia, PA

Linode

UX Designer

Apply Now
Chesterbrook

Deacom

Inside Sales Representative

Apply Now
Center City, Philadelphia

IntegriChain

DevOps Engineer

Apply Now

Learn VC 101 at Angel Venture Fair Education Day

Next Tuesday: How does our brain learn?

Can you really start a business in 90 minutes?

SPONSORED

Philly

Grow your small business with Salesforce at this Jan. 10 event

Chesterbrook, PA

Deacom

Enterprise Software Sales Representative

Apply Now
Philadelphia, PA

Inspire

Member Support Specialist

Apply Now
Philadelphia, PA

Inspire

Member Retention Associate

Apply Now

Sign-up for regular updates from Technical.ly

Do NOT follow this link or you will be banned from the site!