Tinian SBDC To Host Training on Loan Programs in Collaboration with CEDA

Press Releases

The CNMI Small Business Development Center Network delivers professional, high quality, individualized business advising and technical assistance to existing small businesses and pre-venture entrepreneurs.

FOR IMMEDIATE RELEASE:
October 8, 2024

(Tinian, MP) The Tinian Small Business Development Center (SBDC) at the Northern Marianas College, in collaboration with the Commonwealth Economic Development Authority (CEDA), will be hosting a vital training session on Friday, October 18, 2024, from 9:30 AM to 3:00 PM at the NMC Tinian Center, Room D. This event will feature a presentation by the CEDA Loan Department who will provide an overview of the various loan programs available to small businesses, including the newly-approved State Small Business Credit Initiative (SSBCI) 2.0 for the Commonwealth of the Northern Mariana Islands (CNMI).

The training aims to equip local small business owners with crucial financial tools and resources to help grow and sustain their businesses. In addition to the presentation, registered attendees will have the opportunity to participate in a Q&A session and engage in one-on-one consultations with CEDA representatives to explore loan options that best suit their business needs.

Tinian SBDC Director and Business Advisor, Benjamin Huk Borja, emphasized the importance of small businesses taking advantage of CEDA’s programs, especially in the current economic climate. “With the introduction of SSBCI 2.0, there are opportunities for entrepreneurs to access critical funding. I encourage all small business owners to attend this training, ask questions, and explore how these resources can support their growth,” said Borja.

Small businesses play an essential role in the economic development of Tinian and the CNMI, and this training offers an invaluable opportunity for local entrepreneurs to learn more about securing financing and developing their enterprises.

Event Details:
9:30 AM to 11:30 AM – An Introduction to CEDA Loan Programs
12:45 PM to 3:00 PM – One-on-one Consultations with the CEDA Loan Team and/or Tinian Director / Business Advisor Benjamin Huk Borja

To register for this event, please visit the following link: marianas.ecenterdirect.com/events/1019171.

For more information, contact Benjamin Huk Borja at (670) 237-9211 or via email at benjamin.borja@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.

Media Package Here

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:

Attention Tinian Small Business Owners!

Join us for a no-cost training on Friday, October 18, 2024, from 9:30 AM to 3 PM at the NMC Tinian Center, Room D. We’ve partnered with the Commonwealth Economic Development Authority (CEDA) to bring you important insights into loan programs, including the new State Small Business Credit Initiative (SSBCI) 2.0!