In this episode of the #ItTakesaVillage podcast, we’re talking to Scott Schake, Senior Vice President at Central Minnesota Development Company, an SBA loan provider and small business financing expert. We’re also joined by our very own Villagers who specialize in SBA lending at Village Bank, Tim Walker and Kraig Kliber. As relief and recovery efforts from COVID-19 continue to have an impact on small business owners, our experts talk about how the SBA has stepped up for small business and what the future could look like around SBA financing opportunities.

Here are the questions we covered:

1. Is there an opportunity to refinance SBA loans with the attractive rates?
2. Can you talk about what the short-term relief options such as the SBA's Paycheck Protection Program and Economic Injury Disaster Loan have done for businesses?
3. Because of the SBA’s incredible response efforts, how has their reputation shifted?

 Learn more: SBA Financing

Get in touch with Scott by connecting on LINKEDIN.

The #ItTakesaVillage podcast by Village Bank brings leaders with expertise in finance, accounting, entrepreneurship, leadership, and branding into our Village to help entrepreneurs in our community. As an entrepreneur’s bank, we hear all the time that you want to know more about the financial nuances of starting and running a business. These questions are profoundly important and can be incredibly stressful. That's why we're inviting prominent leaders and friends of our Village to weigh in and build a Village of answers and connections on the #ItTakesaVillage podcast.

Follow Village Bank on social media for more episodes of the #ItTakesaVillage podcast.

Previous Episodes