Alternative Financing Options for Transitioning Your Business

Transitioning a business to new owners, whether family members, employees or someone totally new, often requires money. There are options other than traditional bank financing and this session will explore: • An ESOP (Employee Stock Ownership Program) • SBIC Funds (Small Business Investment Corp); SBICs are are privately owned investment companies licensed by the US Small Business Administration that supply small businesses with both the equity and debt financing. • Creative thinking – a local business owner will discuss how they financed selling the business to his employees using some creative methods. Followed by Cocktail Hour and Hors D'oeuvres

Speaker(s): William (Bill) Santora,(Founding Director of Santora CPA Group), Ken Jones (Managing Partner at Boathouse Capital), Tim Cole P.E. (Founding Owner of Applied Control Engineering)

Co-Sponsor(s): Delaware Business Times

Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact Ali Lord at 302-831-1555 or delaware-sbdc@udel.edu to make arrangements.

Fee: $ 20.00