"Borrowing 101" workshop set for next week

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By Travis Jenkins

It’s coming to a small town and it’s getting a big response.

The South Carolina Community Loan Fund is presenting “Borrowing 101” on October 25 at the Market Building from 6 p.m. until 8 p.m. On the docket for the free two-hour event will be a session on the loan application process, the basics of project financing and examples of successfully financed projects across the state.

“Basically, we’ll teach you how to fund your business, start your business or expand your business,” said Brendan Buttimer, upstate community development loan officer.

Buttimer is very familiar with Chester, having served as a panelist for two of the “Talkback” sessions organized by Chester City Councilwoman Angela Douglas. He’s done other work in the county as well and says there “seems to be an appetite for small business development” in the area.

“We’ll get into specifics,” he said. “We’ll talk about how to get a loan from us but also what banks look for in the loan process.”

Also on hand will be Eduardo Venegas with the Small Business Development Center at Winthrop. Buttimer figures he’ll talk about what his group does for about 30 minutes at the outset of the event. He said non-profits are also welcome to take part and would get a lot of helpful information as well.

Buttimer holds dozens of these types of workshops across the upstate each year, but said they are normally staged in larger areas like Greenville or Rock Hill. In fact, next week’s event will be the first of its kind held in a small community. As of Wednesday, he said 18 people were already registered. Typically, even in larger urban settings, he said he he’s lucky to have half that number at this point. He credited Douglas and Councilman Carlos Williams for helping to engage potential business owners and drum up interest. If the Chester event is ultimately a big success, he thinks it will lead to similar opportunities for other small communities.

To register for the event, go to https://borrowing101chester.eventbrite.com