Free Basic Entrepreneurial Workshops

PROVIDENCE, RI – The South Eastern Economic Development (SEED) Corporation and Home Loan Investment Bank will hold two basic business workshops in Providence aimed at assisting potential and existing entrepreneurs.

The free workshops are being held in cooperationwith the U.S. Small Business Administration, RI District (SBA), Rhode Island Commerce Corporation, Center for Women & Enterprise (CWE), City of Providence/Economic Development and SCORE.

Both workshops will be held at the Hatch Entrepreneurial Center, 244 Weybosset Street, Providence, on Wednesday, November 5, 2014. The first of these workshops entitled “Learn the Fundamentals in Planning, Preparing, and Financing Your Business” will be held from 9:00 a.m. to Noon. Registration begins at 8:30 a.m. Breakfast and lunch will be provided free of charge to attendees.

This workshop is geared toward helping potential entrepreneurs evaluate and understand the fundamentals of owning one’s own business. Information on how to get started, where and how to get financing and the loan application process will be presented. Attendees will also be provided with a free guide to writing a business plan and other materials.

The second workshop entitled “Understanding the Purpose of Financial Statements and How They Can Help Determine the Health of Your Business” will be held from 1:00 p.m. to 4:00 p.m.

The focus of this workshop is to help attendees understand a balance sheet, income statement, and cash flow statement. The workshop also explains how a small business owner can anticipate financial needs in order to operate his/her business more efficiently.

Please call SEED Corporation at 508-822-1020, to register for either or both sessions by Wednesday, October 29th and for directions to the Hatch Entrepreneurial Center. SEED Corporation holds this entrepreneurial workshop series on a monthly basis throughout the region. For information on future sessions, please contact SEED.

Home Loan Investment Bank, FSB (“Home Loan”) is a local, family-owned, family-operated, federal savings bank headquartered in Warwick, RI. As a full service bank, Home Loan has been serving the Rhode Island community and beyond for more than 50 years. In addition to offering some of the highest yielding savings and checking accounts locally, Home Loan also provides residential mortgages, small business loans, automobile financing, and home improvement loans.

The Hatch Entrepreneurial Center (“Hatch”), located on the second and third floor of 244 Weybosset Street in Providence, RI provides 6,000 square feet of office space and workplace amenities such as phone and internet access; fax, scanner and copier machines; and conference rooms and meeting spaces for early-stage companies. Hatch also offers opportunities for entrepreneurs to meet and review business plans, discuss operational issues with other start-ups, and connect with mentors in the areas of accounting, finance, international business, law, marketing, and management. For more information, please visit www.hatchri.com or call 401 263-5626.

SEED Corporation is a non-profit organization certified by the U.S. Small Business Administration (SBA) and designated as an Intermediary under the SBA’s Microloan Program. This program is designed to provide loans to new and existing business owners in amounts up to $50,000.

As a regional economic development organization, SEED also offers a full range
of financing programs providing loans up to $5.5 million to assist small businesses to grow and create jobs in Massachusetts and Rhode Island. SEED works with other economic development and financing institutions throughout the region to ensure that individuals who are committed to owning and operating a small business in the region are able to get the assistance they need to be successful.

For more information on SEED and its programs, please call the SEED office
at 508-822-1020 x 312 or visit SEED’s website at www.seedcorp.com.

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