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Speaker Series Recap: Access to Capital for Small Businesses

Our free Intersections: A BID Series Focused on Information, Ideas, and Our Community programming continued on Tuesday, May 2 with an Access to Capital for Small Business breakfast.

The event featured a presentation by Vivek Jayaraman, Director of the New York City Department of Small Business Services’ NYC Business Solutions program, which offers free services designed for businesses of all stages, sectors, and needs, specifically focusing on identifying access to capital and services.

"Our goal and our mission is to provide a suite of services to small businesses to help them start, operate, and expand," Jayaraman said. "Our job is to make sure you are best positioned to access the financing you need."

Services include free courses, legal and financing assistance, incentive initiatives, recruitment and training, as well as guidance through the Minority- and Women-owned Business Enterprise certification process.

A team of TD Bank professionals then offered insight into how small businesses can navigate financing, encouraging them to plan ahead. Attendees heard from Sylvia Mitchell, Store Manager; Joe Arnone, Vice President, Relationship Manager, Commercial Lending; Terri-Ann Smith, Assistant Vice President, Relationship Manager, Manhattan; and Steven Garibell, Vice President, Relations Manager, Manhattan.

"We want to make sure the business we are lending to can sustain themselves on their own," Mr. Smith said, describing how bank officials assess an applicant’s character and capacity, their industry’s conditions, and available capital.

They recommended that small businesses select a banker that specializes in their industry, and be prepared to provide important details, such as about ownership and how funds will be used. “Access to capital takes time,” said Mr. Garibell. “A decision is not going to be a two-day decision.”


Happy Bike to Work Day! The neighborhood is the perfect place to ride whether using your personal bicycle or  <a target="_blank" href="">@citibike.</a>🚴 💫
Happy Bike to Work Day! The neighborhood is the perfect place to ride whether using your personal bicycle or @citibike.🚴 💫
2 days ago