SCORE When Banks Say No

It’s tough for small businesses to get funding. In fact, 80-85% of small business loan requests are denied by banks. So, what’s a small business owner to do when the bank says no? Find alternative funding sources! “When Banks Say No” provides an overview of alternative funding options for small business owners who need money to start, support or grow their businesses. Takeaways from and Benefits of Attending “When Banks Say No”: 1. Hope! A “no” from the bank is not the end of the road. There are many options available for nearly any business situation. 2. Understanding! We’ll explain many funding options that banks just don’t offer. One might be just what you need! 3. Direction! When you identify one or two loan options that work for you, you can take the steps towards acquiring that money to start or support or grow your business. Our Presenter, Boyd Karren: Boyd is “a serial entrepreneur”. He loves the world of small business and believes deeply that small business ownership is the key to strong communities. Boyd has earned two master’s degrees in business: an MBA from Indiana University, and a Master of Global Management degree from the Thunderbird School of Global Management. He became a business loan broker and started Otro Financial after experiencing his own difficulties in finding funding for his small business opportunities. While living in Texas, Boyd had a “Field of Dreams moment” in which the voices in the corn told him to move to Florida, which he did, bringing Otro Financial with him. Boyd and his wife, Kristi, will celebrate 30 years of marriage this August. They are the parents of four children, and as of last August, they became empty nesters. He is loving this new phase of life while they wait semi-patiently for grandchildren. In his free time, you will find him and his wife enjoying tacos, road trips, or just sitting in chairs at the beach, relaxing.