Small Biz Florida
Small Biz FL was designed to highlight issues and promote business assistance resources available throughout the state of Florida.
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Episodes
Tuesday Feb 27, 2024
Tuesday Feb 27, 2024
Today, we're at the forefront of innovation at the Florida Chamber's "Future of Florida Forum" in Orlando, exploring groundbreaking solutions. Joining us is Jim Marggraff, the CEO and Founder of Kibeam Learning.
Jim takes us on a captivating journey through his entrepreneurial career, starting with the creation of LeapFrog's iconic LeapPad. Fast forward to today, and Jim introduces us to Kibeam, a revolutionary tool designed to make learning to read fun and accessible for kids aged 2 to 8.
With a live demonstration, Jim showcases the Kibeam wand—a compact device that transforms any existing paper book into an interactive learning experience. This innovative approach to literacy aims to tackle the alarming statistics of kids below grade level in reading, emphasizing accessibility and engagement.
In a special announcement, Jim reveals Kibeam's collaboration with the University of Florida's Lastinger Center for Learning, bringing this technology to families in Florida. The initiative includes a program offering free books to children, with the first 10,000 families receiving a complimentary Kibeam wand.
Join us on this episode of Small Biz Florida for a front-row seat to the Future of Florida Forum and the unveiling of Kibeam Learning.
Recorded live at the Florida Chamber's "Future of Florida Forum," from Hyatt Regency Grand Cypress Resort in Orlando near Florida’s Disney World. Special thanks to the Florida Chamber for hosting this momentous event and providing a platform for innovative discussions.
Tuesday Oct 03, 2023
Tuesday Oct 03, 2023
In this special episode of Small Biz Florida, we're coming to you live from the Florida Association of Government Guaranteed Lenders conference. Our focus is clear: assisting small business owners and operators in accessing the capital they need to start, grow, and expand their businesses. To guide us through this financial landscape, we have a distinguished guest, Mr. William A. Wilson, CCIM, CFP(R), Vice President & Business Development Officer for Southwestern Florida Markets at Florida First Capital.
William brings a wealth of experience to the conversation, with almost three decades in the banking industry. He shares his journey, from being a branch manager in southern Nevada to his current role at Florida First Capital. His mission is simple yet impactful: helping small business owners secure the necessary funds for significant capital investments, such as equipment and machinery.
Florida First Capital, a non-profit government financial institution, plays a pivotal role in administering the SBA 504 program. This program, shaped by Congress in the 1980s, is celebrated for its exceptional rates and terms, making it an attractive option for small businesses. William explains how it combines government bonds with private lending from banks and credit unions, allowing entrepreneurs to buy commercial properties, machinery, and equipment with a low down payment.
During the episode, William highlights the collaborative nature of CDCs (Certified Development Companies) like Florida First Capital, working in partnership with local banks and credit unions to structure loans that meet the unique needs of small business owners. The result? Small business owners only invest a modest percentage of the total cost, while banks and credit unions enjoy added security.
William also discusses the Green Energy Program, which enables businesses to borrow additional funds for energy-efficient projects like solar power installations. This initiative not only supports sustainability but also creates more jobs, enhancing the overall economic landscape.
If you're a small business owner looking to understand how to access capital and unlock growth opportunities, this episode is a must-listen. Join us as we demystify the world of small business financing and discover how organizations like Florida First Capital are dedicated to empowering entrepreneurs.
Recorded live at this year’s FLAGGL Small Business Lender’s Conference hosted at The JW Marriott Orlando, Grande Lakes
Learn more about Florida First Capital Finance Corporation: https://ffcfc.com/
Tuesday Oct 03, 2023
Tuesday Oct 03, 2023
Join us on this episode of Small Biz Florida, where we delve deep into the world of international trade and how small businesses can tap into global opportunities. Broadcasting live from the Florida Association of Government Guaranteed Lenders Conference, our focus is on the critical role this conference plays in providing small business owners with the working capital they need to meet the demands of exporting goods and services to a global market.
We have two distinguished guests with us today who shed light on this important topic. First up is Patrick Hayes, the Export Finance Director East at the U.S. Small Business Administration. Patrick emphasizes the significance of helping small businesses gain access to financing that allows them to take full advantage of international sales opportunities. He discusses the various ways the SBA provides crucial support, including a substantial 90% guaranty on Export Working Capital Lines of Credit, making it easier for businesses to secure the capital needed for international expansion.
Our second guest is Daniel Pische, who serves as Director, of National Trade Finance at SBA Daniel is a seasoned expert in the field and graduated from Northern Illinois University. He is currently based in Washington, D.C., United States, where he brings his extensive experience and insights into trade finance to the forefront. Daniel highlights the pivotal role of working capital in international trade and the importance of providing businesses with the financial resources required to scale their global growth.
During this episode, we explore the benefits of these financing programs, including advances on foreign accounts receivable, inventory financing, standby Letters of Credit (LCs) for export purposes, and foreign purchase order financing. We discuss the flexibility these programs offer, such as not requiring a specific U.S. content percentage, making them accessible to a wide range of businesses.
Tune in to discover how the SBA is working diligently to empower small businesses in conquering global markets. We delve into the need for working capital to fulfill international demand, ensuring that small businesses can thrive on the global stage. This episode is a must-listen for entrepreneurs looking to expand their businesses internationally and make the most of global opportunities. Recorded live at this year’s FLAGGL Small Business Lender’s Conference hosted at The JW Marriott Orlando, Grande Lakes
Learn more about the SBA Office of International Trade
Tuesday Oct 03, 2023
Tuesday Oct 03, 2023
Join us in this informative episode as we navigate the world of small business financing with Richard Giessert, Vice President and SBA Loan Officer at Marine Bank & Trust. Discover Richard's background, his pathway to Marine Bank & Trust, and the vital role he plays in helping small business owners access the capital they need to grow and thrive.
Richard shares insights into the significance of community banks and how they differ from larger institutions. Learn about the flexibility, responsiveness, and personalized service that community banks like Marine Bank & Trust provide to their clients. With a local focus and decision-making authority, community banks can tailor financial solutions to meet the unique needs of small businesses.
Explore the various government-guaranteed products available to small business owners, including 7A and 504 loans. Richard breaks down the primary uses of these loans, from working capital to business acquisitions, real estate, and equipment financing. Discover how the 504 loan program allows borrowers to get in with as little as 10% down, offering significant savings compared to conventional loans.
Understand the importance of a well-structured business plan and financial projections when seeking financing for expansion or acquisition. Richard emphasizes the value of collaboration with organizations like the Small Business Development Center (SBDC) in preparing loan applications.
Richard also delves into the SSBIC (State Small Business Investment Company) program, highlighting its unique role in providing financial support to businesses that may not qualify for conventional lending. Discover how the SSBIC program can be leveraged under specific circumstances to help small businesses succeed.
Learn about the approval process for SBA loans and how local decision-making and partnerships with organizations like the SBDC play a crucial role in advancing loan applications. Richard shares the importance of marketing and continually nurturing a strong pipeline of loan opportunities.
Explore the nuances between SBA and SSBIC programs, including differences in guarantees and eligibility criteria. Discover how the SSBIC program can be a valuable resource for businesses with unique needs, such as nonprofits.
Join us for an enlightening conversation that provides valuable insights into the world of small business financing and the essential role community banks play in supporting local businesses.
Recorded live at this year’s FLAGGL Small Business Lender’s Conference hosted at The JW Marriott Orlando, Grande Lakes
Learn more about Marine Bank & Trust: https://www.marinebankandtrust.com/
Tuesday Oct 03, 2023
Tuesday Oct 03, 2023
Join us for an enlightening episode as we delve into the world of small business financing with Ray Drew, an SBA lending expert and the host of the SBA Ray Podcast, the #1 SBA lending podcast. Ray is also the Managing Business Development Officer at Fund-Ex Solutions Group.
In this episode, you'll gain insights into Ray's remarkable background and journey in small business lending. With 12 years of experience, Ray has dedicated his career to helping small business owners navigate the complexities of SBA borrowing.
Discover how Ray transitioned into non-bank lending and played a pivotal role in elevating his previous institution to a top 10 lender in the country. He shares the passion that drives him to assist small business owners and aspiring entrepreneurs in building their business empires through various financial strategies, including owner-occupied commercial real estate, business acquisitions, and partner buyouts.
As Florida sees a growing number of baby boomers looking to retire and sell their businesses, Ray sheds light on the intricacies of buying an existing business. Learn about the due diligence process and the key factors to consider when evaluating a business's financial health and value.
Ray discusses the importance of financial due diligence and the role of the seller note in ensuring a smooth transition after the purchase. He also emphasizes the significance of qualitative factors like customer relationships in the evaluation process.
Discover Ray's podcast, "The Art of SBA Lending," where he provides invaluable insights into SBA lending best practices, interviews with industry experts, and information on accessing capital. Whether you're a small business lender or a borrower seeking financial solutions, Ray's podcast offers a wealth of knowledge.
Ray touches on recent changes in the SBA lending landscape, including sweeping updates to the 7A program and the importance of technology in streamlining the lending process. Learn how the SBA is driving efficiency and making it easier for small business owners to access capital.
Don't miss this opportunity to gain a deeper understanding of small business financing, entrepreneurship, and the future of SBA lending with one of the industry's most trusted voices, Ray Drew. Recorded live at this year’s FLAGGL Small Business Lender’s Conference hosted at The JW Marriott Orlando, Grande Lakes
Learn more about Fund-Ex Solutions Group: https://fundexsolutions.com/
Tune into Ray’s Podcast: https://www.artofsba.com/
Check out Ray's YouTube Channel: https://www.sbaray.com/
Tuesday Oct 03, 2023
Tuesday Oct 03, 2023
Join us for an informative episode as we delve into the world of SBA (Small Business Administration) loans with two experts from First Bank of the Lake: Eric Dunham, Vice President SBA Manufacturing & Exporting Senior Business Development Officer, and Igor Milanovic, Vice President SBA Senior Underwriter Manager.
In this episode, Eric and Igor share their extensive backgrounds and career pathways that led them to First Bank of the Lake. Discover their journey in the banking industry and how they became key players in SBA lending.
First Bank of the Lake is a notable financial institution, often referred to as "the biggest smaller bank there is." Eric and Igor shed light on what sets their bank apart and how they achieved recognition from the SBA as a top 2 production bank. This achievement highlights their exceptional ability to close a significant number of SBA loan deals.
Learn about the diverse range of SBA loans that their bank offers and how they leverage specialized teams to cater to various industries, providing nationwide support to small business owners and operators.
The episode explores the importance of understanding the nuances of the SBA program and how different banks may have their unique preferences and approaches within the framework of the SBA SOP (Standard Operating Procedure). Eric and Igor emphasize the significance of effective communication between teams to address potential issues and ensure a smooth loan approval and closing process.
Tune in to gain a deeper understanding of SBA loans, banking industry insights, and the exceptional services offered by First Bank of the Lake. Recorded live at this year’s FLAGGL Small Business Lender’s Conference hosted at The JW Marriott Orlando, Grande Lakes
Learn more about First Bank of the Lake: https://www.fblake.bank/
Tuesday Oct 03, 2023
Tuesday Oct 03, 2023
In this enlightening episode, we sit down with Crystal DiJoseph, the founder of One10 Finance & Accounting. Crystal shares her incredible journey from humble beginnings in Florida to becoming a successful entrepreneur and a vital resource for small business owners.
Crystal's journey led her to explore various career paths, including financial advising. While she initially pursued finance advising, she soon realized that her true passion lay in the world of accounting and finance. She obtained her CPA and ventured into private industry, where she gained valuable experience in private capital and investment.
However, Crystal's entrepreneurial spirit could not be contained, leading her to establish One10 Finance & Accounting. Her firm specializes in providing business valuations, quality of earnings reports, and fractional CFO services. Crystal's story is a testament to the power of perseverance and the importance of aligning with the right team and resources.
The conversation touches on the concept of entrepreneurship and the value of maintaining a side hustle while gradually transitioning into full-time entrepreneurship. Crystal's bold approach to business and her dedication to her clients have propelled her firm to success.
Crystal emphasizes the significance of networking, continuous learning, and the support provided by organizations like the SBDC (Small Business Development Center) in scaling and growing small businesses. She also underscores the importance of hiring individuals who align with the business's culture and vision.
Tune in to this episode to gain valuable insights into entrepreneurship, the role of financial and accounting services in small businesses, and the essential elements of building a successful team and company culture. Recorded live at this year’s FLAGGL Small Business Lender’s Conference hosted at The JW Marriott Orlando, Grande Lakes
Learn more about ONE10 Accounting & Finance: https://www.one10firm.com/
Tuesday Oct 03, 2023
Tuesday Oct 03, 2023
In this episode of Small Biz Florida, we have a captivating conversation with Jim Parker, the President of Boss Group International, a Certified Business Intermediary. Jim brings his extensive experience in business brokerage to the table, shedding light on the dynamic world of buying and selling businesses in Florida.
Jim shares his personal journey as an entrepreneur, owning a successful wedding business in the '90s, and the challenges he faced, including the impact of September 11th on his business. He introduces the concept of certified business brokers, highlighting their expertise in facilitating mergers, acquisitions, and sales, often involving SBA lending.
The discussion delves into the current landscape of business sales in Florida, focusing on generational shifts, secession planning, and the influx of people relocating to the state. Jim emphasizes that Florida is currently experiencing the greatest transfer of personal financial wealth, with many baby boomers looking to retire.
Tune in to this episode for a comprehensive look into the business brokerage landscape and the opportunities and challenges it presents for entrepreneurs and investors.
Recorded live at this year’s FLAGGL Small Business Lender’s Conference hosted at The JW Marriott Orlando, Grande Lakes
Learn more about Boss Group International: https://bossgi.com/
Wednesday Sep 13, 2023
Wednesday Sep 13, 2023
In this episode of Small Biz Florida, your host Tom Kindred sits down with Antonio Aguilar, representing Small Business Majority, to discuss the organization's dedication to supporting Hispanic-owned and operated businesses during Hispanic Heritage Month.
Antonio shares insights into his personal background and how his passion for community service led him to his role at Small Business Majority. He provides an overview of the organization's mission, which is centered around empowering small business owners, their employees, and self-employed entrepreneurs. Antonio emphasizes that the Small Business Majority focuses on research, policy advocacy, and educational resources to benefit the small business ecosystem.
As Hispanic Heritage Month approaches, Antonio highlights the importance of celebrating and supporting the nearly 5 million Hispanic-owned businesses in the United States, representing almost 10% of all businesses. He shares statistics and discusses the significant economic contributions of Hispanic-owned enterprises.
Antonio announces an upcoming webinar series designed to provide information on identifying and applying for grants that can help start or grow small businesses. He also mentions a webinar titled "Celebrating Hispanic Excellence during National Hispanic Heritage Month," featuring the SBA associate administrator and a four-part webinar series in collaboration with the United States Hispanic Chamber of Commerce.
Listeners can access free educational resources and webinars through Small Business Majority's website and participate in upcoming events to learn more about grant opportunities and responsible lending practices.
Don't miss this informative episode that sheds light on the support available to Hispanic-owned small businesses during Hispanic Heritage Month and beyond.
To get access to all the resources mentioned above visit: https://smallbusinessmajority.org/
Tuesday Sep 12, 2023
Tuesday Sep 12, 2023
Join us in this episode of Small Biz Florida as we sit down with Terry Crispen, representing United Midwest Savings Bank, Terry has a rich history in SBA lending and shares his insights on the current banking landscape and how businesses can access capital.
Terry discusses the evolution of United Midwest Savings Bank, founded by industry professionals who wanted to make banking more enjoyable and efficient. He delves into the current state of lending, noting the challenges businesses face in accessing capital. Despite rate increases and tightened conditions, Terry emphasizes that United Midwest Savings Bank is dedicated to helping small businesses.
Discover the key criteria for accessing capital through United Midwest Savings Bank, including the importance of business viability and the ability to generate revenue. Terry sheds light on specific industries that are well-suited for their lending model and highlights how they tailor funding to align with businesses' launch points.
Learn about United Midwest Savings Bank's innovative $50,000 unsecured loan product designed to provide quick access to capital for both startups and existing businesses. Terry explains the loan terms, including a 10-year amortization period, no balloon payments, and prime plus three-and-a-quarter interest rates.
Find out how to connect with United Midwest Savings Bank through your local SBDC and explore their website at SBDC.Loan. Discover how you can secure the financing you need to launch or grow your small business. Recorded live at this year’s Florida SBDC Network Small Business Success Summit hosted at The Westin Fort Lauderdale Beach Resort.
Learn more about United Midwest Savings Bank: https://www.umwsb.com/
Get more information about the loan mentioned in this episode: SBDC.Loan