Time well spent: Have a look and listen to this impactful talk with Connie Evans, President & CEO, Association for Enterprise Opportunity in Washington DC, hosted by Bob Coleman of the Coleman Report.
Ms. Evans gives an impressive array of facts about the benefits of micro-lending (loans of up to $50,000) and micro-capital (up to $250,000) to small businesses of up to 5 employees.
Among others, she says that such businesses are declined for loans by banks at a rate of 8,000 declines per day.
8,000. Declines. Per. Day.
The opportunity to serve these underserved small business borrowers is profound.
~ Norris Lozano, CEO, BusinessUS, a California-based small business lender
Like many young people, Dawn Lafreeda started her working life at age 16. Her first job was as a hostess at a local Denny’s restaurant.
But this determined woman’s life quickly took a turn that would be instrumental in defining her success: “During college, she took on a second job at a software company, where she learned about accounting and managing personnel.” At 23, she was able to leverage her skills and burning desire to succeed to acquire a Denny’s store in Globe, Arizona. (It’s 87 miles east of Phoenix, in case you’d like to look it up).
18 months later, she was offered 4 more stores in Texas. Now, “Lafreeda has increased her empire to 75 Denny’s locations in six states, becoming the largest single-owner franchisee in the system.”
Here’s another great franchise-building story, about NBA star Jamal Mashburn.
~ This story is posted by Norris Lozano, CEO of BusinessUS.
Quickness, courage, and muscle. Volleyball star Whitney Pavlik is a fierce competitor!
Check out Whitney Pavlik’s AVP page: http://www.avp.com/player/whitney-pavlik – currently ranked 5th by the AVP!
Our photogenic superstar is featured by CBS: http://www.avp.com/news/watch-the-avp-st-petersburg-open-finals-live-on-cbs-sports-network
The team of Pavlik and Jennifer Forma is seeded 3rd at the St. Petersburg Open on the AVP Tour.
Final round today!
Here’s the rankings: http://www.avp.com/stats/st-petersburg-open-14-w
Good luck today Whitney!!
(Posted by Norris Lozano, CEO of BusinessUS)
Check out Whitney Pavlik in Brazil last week. We’re so proud of the team!
Congrats to and for winning their first round match in Puerto Vallarta!
Check out the scores here:
(PS nice pic Allen Szto!)
BusinessUS (www.bizbank.us) is well represented at the annual SBA Lending Technical Conference hosted by the National Association of Government Guaranteed Lenders (NAGGL), as the firm’s CEO Norris Lozano, and 27-year SBA veteran Stephanie Bitters, its Managing Director of SBA Lending & Chief Credit Officer, have arrived in Bonita Springs, Florida.
The BusinessUS executives arrive from a week of meetings on Washington and New York.
Read the FULL RELEASE
BusinessUS is super proud to announce our sponsorship of Olympic-hopeful women’s volleyball player Whitney Pavlik (@WhitneyPavlik)!
She’s a superstar athlete, (note the skywalker on the left of this awesome Allen Szto photo – and she’s not even the hitter on her team!).
Whitney’s strength and hard work really inspire us.
She’s in China for the first tournaments of the 2014 FIVB season, and sporting some fine BusinessUS gear – – Bring back some hardware, Whitney!
“These seven innovators are having a major influence on technology, healthcare and the government. Their ideas are changing the ways we do business and are addressing broader issues of national security, gender bias, world poverty and the state of the startup community at large. We’ve got our eye on these powerful women. You should, too.”
Read the article here
~ Norris Lozano, BusinessUS
Maria Contreas-Sweet was sworn in as SBA Administrator on Monday. Here are some quotes from her acceptance speech (hat-tip to Bob Coleman):
- “The American Dream has always been about the opportunity to earn a good education and the keys to own your home. But the expanding American Dream is also about the opportunity to start your own business. I’ve lived that dream. And as the SBA Administrator, I’m determined to help others realize theirs as well.
- “SBA is a driving force that helps propel this economic activity. SBA provides access to capital, contracting opportunities, and consultation through a national network of partners, and of course, disaster relief loans.
- “Two out of three new jobs in America are created by small businesses. Millions of middle-class families are working for folks who depend on the SBA’s ability to facilitate access to capital, counseling and contracting opportunities. We must draw on technology to streamline the process of working with the SBA to make it easier for borrowers to access capital and easier for lenders to lend. The SBA must be nimble, agile to keep pace with our digital age.
Read more here:
~Norris Lozano, CEO of BusinessUS
Business US continues to build its lending team with the addition of experienced SBA lending veteran Ivette Hernandez, who brings 20 years’ experience in small business lending and real estate financing to the California-based nonbank lender.
Ivette reports to Stephanie Bitters, Managing Director of SBA Lending and Chief Credit Officer. She started with BusinessUS on March 6th.
Read the press release.
Norris Lozano, CEO of BusinessUS, will be presenting “Delivering Capital to Underserved Communities” with Stephanie Bitters at the Lending Leadership Summit of the National Association of Government Guaranteed Lenders (NAGGL), February 20.
In speaking to the 80+ C-level executives invited to the NAGGL summit, Lozano will reach into a deep well of experience in serving underserved communities with loans and resources. He has been responsible for leading teams in delivering key financing to projects with total costs of over $1 Billion in the last decade.
For more information on Norris Lozano, please visit this link.
For the text of the press release on the NAGGL Lending Leadership Summit, please click here
REMINDER: Stephanie Bitters is presenting at the the Lending Leadership Summit of the National Association of Government Guaranteed Lenders (NAGGL), a national organization focused on loans guaranteed by government agencies. The presentation is titled “Delivering Capital to Underserved Communities”.
Ms. Bitters, Managing Director of SBA Lending and Chief Credit Officer of BusinessUS, will be presenting with CEO Norris Lozano during the morning session, February 20th.
Read the whole release here
Stephanie Bitters, Managing Director of SBA Lending and Chief Credit Officer of BusinessUS, is speaking on “Delivering Capital to Underserved Communities” at the Lending Leadership Summit of the National Association of Government Guaranteed Lenders in Atlanta, February 19-20.
Bitters will be presenting “Delivering Capital to Underserved Communities” with Norris Lozano, who is CEO of BusinessUS. She has 27 years lending experience and is a longtime member of NAGGL.
Read the full press release here
Norris Lozano (CEO of BusinessUS) is traveling to Atlanta February 19-20 to speak to the Lending Leadership Summit of the National Association of Government Guaranteed Lenders. NAGGL serves the needs and represents the interests of the small business lending community that utilizes SBA business loan programs.
Lozano will be presenting on “Delivering Capital to Underserved Communities” with Stephanie Bitters, Managing Director of SBA Lending & Chief Credit Officer of BusinessUS. Lozano brings over 15 years’ experience working directly with small businesses in underserved communities. He has led teams in financing projects in low-income community with a total cost of more than $1 Billion, including office, retail, manufacturing, schools, medical and arts facilities, creating thousands of FTE jobs, and generating millions in fiscal benefits to target areas.
See the full press release here