FOR IMMEDIATE RELEASE:
Tuesday, October 22, 2024
(Rota, MP) – The Rota Small Business Development Center (SBDC) at the Northern Marianas College Rota Center, in partnership with the Bank of Guam, proudly announces the success of its recent workshop, “Business Financing Unlocked: Working Your Way Towards Loan Approval Success!” held on October 18, 2024. This insightful event provided local entrepreneurs with essential knowledge and tools to navigate the business loan application process.
Kalistus Rengiil, Credit Manager of the Commercial Banking Group from Bank of Guam, led the workshop and offered expert guidance on the key criteria lenders consider during loan applications. Attendees were given in-depth insights into financing options, enabling them to make informed decisions about securing funds for their businesses.
Charlene M. Ogo, Director and Business Advisor of Rota SBDC, emphasized the importance of such collaborations. “Access to funding is often one of the biggest challenges for our small business owners. By working closely with Bank of Guam, we can offer invaluable resources that empower our local entrepreneurs to succeed. The feedback we’ve received has been overwhelmingly positive, and we are thrilled to see the impact this workshop has had on our community.”
Armi Atalig, a local Airbnb business owner who attended the workshop, shared her experience: “The workshop with Bank of Guam gave me a clear understanding of the loan options available and what it takes to qualify. The practical information on financing and credit management will definitely help guide my business decisions moving forward. I’m thankful to Rota SBDC and Bank of Guam for providing such valuable resources for small business owners like me.”
A special thank you to guest speaker Kalistus Rengiil for his time and expertise in guiding attendees through the complexities of commercial loans and offering actionable steps for entrepreneurs to improve their chances of loan approval.
Rota SBDC continues to support the local business community by offering training, one-on-one advising, and access to key financial resources. For more information on upcoming events or to inquire about the Rota SBDC’s services, please contact Charlene M. Ogo at (670) 237-6783 or via email at charlene.ogo@marianas.edu. You can also reach CNMI SBDC at cnmisbdc@marianas.edu. Visit our website at www.cnmisbdc.com and follow us on social media for updates at @cnmisbdc on Instagram and CNMI Small Business Development Center on Facebook.
The CNMI SBDC Network promotes a business-friendly economic infrastructure in the community, builds entrepreneurial capacity and financial literacy within that community, and provides current and nascent small businesses with the technical assistance, counseling, training, and support they need to innovate, adapt, and grow.
The CNMI Small Business Development Center Network (CNMI SBDC) Network comprises the CNMI SBDC lead center located in Saipan, the Rota SBDC, and Tinian SBDC. CNMI SBDC Network is partially funded by a cooperative agreement with the U.S. Small Business Administration (SBA) and the Northern Marianas College. All opinions, conclusions, or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. Requests for reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Language assistance services are available for limited English proficient individuals with at least two weeks advance notice. For arrangements, please contact your local SBDC at P.O.Box 501250 Saipan, MP 96950, Tel: (670) 237-6888, or email adelpha.magofna@marianas.edu. Services are extended to the public on a non-disciplinary basis.
Social Media Caption:
Success Alert! The Rota SBDC, in partnership with Bank of Guam, recently hosted the “Business Financing Unlocked: Working Your Way Towards Loan Approval Success!” workshop, helping local entrepreneurs gain valuable insights into the loan process and financing options!
Special thanks to guest speaker Kalistus Rengiil from Bank of Guam for sharing expert advice on navigating the world of business loans!
Quote from local business owner, Armi Atalig: “The workshop gave me a clear understanding of loan options and what it takes to qualify. The practical info on financing and credit management will definitely guide my business decisions moving forward.”
We’re grateful to everyone who joined us and look forward to empowering more businesses! Stay tuned for more workshops and opportunities!
#SmallBizSuccess #BusinessFinancing #RotaSBDC #BankofGuam #CNMISBDC #Entrepreneurship #LoanApproval #LocalBusiness #CommunityGrowth
– ### –
