BOH, FHB featured in opening session
The CNMI Small Business Development Center Network at the Northern Marianas College, in partnership with the Commonwealth Women’s Association, is excited to announce its speakers for its opening session “Credit Ecosystem: Commercial Loan & Business Credit” of the 2024 Women’s Entrepreneurship Project Cohort 4 training series slated to kick off on Oct. 15 and conclude on Oct. 18. The training will be offered at the Northern Marianas College Library at its campus in As Terlaje, Saipan.
The opening session will consist of presentations featuring Bank of Hawaii assistant vice president and assistant branch manager Joanne Aldan and First Hawaiian Bank vice president and branch manager Vickie Izuka, assistant vice president and Business Banking officer Vicente Agulto, and Senior Merchant Services representative Piarose Aguon.
In the first half of Credit Ecosystem, Bank of Hawaii will be covering the ABCs of Credit to discuss the following highlights:
- Understanding the basics of credit
- Understanding credit reporting, credit scoring and the importance of having good credit history
- Knowing what to do if credit problems occur
Filling out a loan application can be intimidating. For the second half of the session, join First Hawaiian Bank and learn more about the business loan process and how to complete an application to help ease your mind in pursuit of accessing capital to realize your dream of becoming a business owner. Whether wanting to start a business or expanding your existing one, First Hawaiian Bank will walk you through the life of a loan application, and provide understanding of the underwriting process that goes into business loans. Presenters will feature insights into the bank’s merchant services where coverage on credit components important to share with clients will also be provided.
Learn more about what bankers look for in suitable clients that can help drive your confidence in submitting that business loan application today.
The SBDC and CWA are excited to welcome back First Hawaiian Bank as repeat presenters and Bank of Hawaii as a new speaker to this year’s Women’s Entrepreneurship Project. Banking sessions are undoubtedly one of the program’s most anticipated training in the series as the program strives to continuously provide updated banking industry information while refreshing participants’ knowledge related to credit and the loan application processes.
“Financial institutions often provide a lifeline for our small businesses when faced with economic challenges. They also play a key role in helping small businesses thrive when they’re able to access necessary capital that can help in their expansion efforts. We are extremely grateful for the generous support and outstanding presentations we continue to receive for our clients from our banking resource partners,” shares Nadine C. Deleon Guerrero, network director of the CNMI SBDC.
Interested in signing up for this year’s cohort? Access the links below for the four-day training series:
- Oct. 15: Credit Ecosystem – https://marianas.ecenterdirect.com/events/1019166
- Oct. 16: Exploring CNMI SSBCI 2.0 – https://marianas.ecenterdirect.com/events/1019167
- Oct. 17: The Anatomy of the RFP – https://marianas.ecenterdirect.com/events/1019168
- Oct. 18: Consignment Symbiosis – https://marianas.ecenterdirect.com/events/1019169
Attendees must be a registered CNMI SBDC client, and interested individuals are able to register via phone or email. Certificates of Completion will be awarded to those who attend all four sessions. Participants who miss one session may still attend, but will not receive a certificate.
For more information, visit www.cnmisbdc.com or contact us at (670) 237 6888/cnmisbdc@marianas.edu. Follow us on social media for the latest updates: Instagram @cnmisbdc and Facebook at CNMI Small Business Development Center Network. (PR)
SBDC pix
