1 00:00:00.025 --> 00:00:03.885 My name's Eric Stead with Shore Bank out of Rhode Island. 2 00:00:04.055 --> 00:00:05.885 We're an SBA seven A lender, 3 00:00:06.385 --> 00:00:09.005 and USDA, uh, one RD lender as well. 4 00:00:09.635 --> 00:00:12.325 Awesome. So let's talk about your 5 00:00:12.495 --> 00:00:13.725 booth right here just a little bit. 6 00:00:13.745 --> 00:00:16.485 I'm gonna expand it looks like you have some folks. Yep. 7 00:00:16.675 --> 00:00:18.925 Have my colleague Carissa Cal and, 8 00:00:19.085 --> 00:00:23.485 and Alex, um, all from Shore and Benford Island. So, 9 00:00:24.105 --> 00:00:26.285 And when, when someone walks up to your table today, 10 00:00:26.475 --> 00:00:28.845 what do you want them to take away from their experience 11 00:00:28.845 --> 00:00:30.845 getting to meet you and your associates? 12 00:00:31.115 --> 00:00:32.765 Yeah, definitely. Really just looking 13 00:00:32.765 --> 00:00:35.605 to educate people on the SBA programs. 14 00:00:36.265 --> 00:00:38.165 Um, you know, a lot 15 00:00:38.245 --> 00:00:41.325 of people here come from the merchant cash advance, um, 16 00:00:41.385 --> 00:00:42.525 aspect of the industry. 17 00:00:42.835 --> 00:00:45.525 It's really looking to educate them on 18 00:00:45.525 --> 00:00:47.485 what the SBA loan program offers, 19 00:00:47.755 --> 00:00:50.485 whether it be working capital needs, uh, 20 00:00:50.885 --> 00:00:53.845 business acquisition needs, real estate purchases, so forth 21 00:00:53.845 --> 00:00:56.525 to ultimately help their customer base 22 00:00:56.905 --> 00:00:59.085 and, uh, help businesses grow. 23 00:00:59.955 --> 00:01:01.765 This is the B2B Finance expo. 24 00:01:02.585 --> 00:01:06.685 How are you relevant in that space of B2B financing? 25 00:01:06.875 --> 00:01:10.405 Yeah, definitely. Um, I'd say in the B2B space, um, 26 00:01:10.505 --> 00:01:11.765 really that's what we do. 27 00:01:11.815 --> 00:01:15.445 We're a small business, um, lender, SBA seven, 28 00:01:15.565 --> 00:01:17.125 a small business administration. 29 00:01:17.705 --> 00:01:20.565 Uh, really we're looking to help businesses grow, 30 00:01:20.755 --> 00:01:22.925 whether it be working capital needs, 31 00:01:23.265 --> 00:01:24.965 if they've been leasing the space 32 00:01:24.985 --> 00:01:26.725 and they're looking to purchase real estate 33 00:01:27.065 --> 00:01:29.645 and, uh, grow their balance sheet, grow their bus business, 34 00:01:30.185 --> 00:01:33.405 um, if they're looking to expand through acquisition, um, 35 00:01:33.555 --> 00:01:36.045 take on another company, something along those lines. 36 00:01:36.545 --> 00:01:39.445 Um, really just looking to help businesses grow 37 00:01:40.025 --> 00:01:43.005 and, you know, provide them with the right products. 38 00:01:44.105 --> 00:01:46.445 So let's talk about the trends we're seeing 39 00:01:47.025 --> 00:01:48.725 in your industry, in your space. 40 00:01:48.895 --> 00:01:50.685 Right now we're approaching 2025. 41 00:01:51.295 --> 00:01:53.045 We're on the, uh, we're approaching the last 42 00:01:53.045 --> 00:01:54.405 quarter of the, the year. 43 00:01:54.595 --> 00:01:57.085 What trends are you seeing at the end of this year 44 00:01:57.225 --> 00:01:59.725 as we move towards 2025? 45 00:02:00.155 --> 00:02:03.285 Yeah, definitely. I'd say, uh, in the past week we saw 46 00:02:03.805 --> 00:02:06.885 a rate cut down, uh, 50 basis points. 47 00:02:07.305 --> 00:02:10.445 So I think with that, there's a lot of positivity, um, 48 00:02:10.625 --> 00:02:12.085 as we the end of the year 49 00:02:12.105 --> 00:02:14.205 and towards 2025, um, 50 00:02:14.275 --> 00:02:17.565 with there potentially being another rate cut, um, coming 51 00:02:17.625 --> 00:02:18.685 before end of the year. 52 00:02:19.145 --> 00:02:22.205 Um, I think with that we're gonna see, um, you know, 53 00:02:22.725 --> 00:02:25.885 stronger debt service from borrowers, business owners, uh, 54 00:02:25.955 --> 00:02:29.845 more opportunity, um, for them to take on debt 55 00:02:30.065 --> 00:02:31.085 and grow their business. 56 00:02:31.585 --> 00:02:33.325 Um, so I think there's a lot of opportunity 57 00:02:33.505 --> 00:02:35.045 for small business owners out there. 58 00:02:35.905 --> 00:02:37.005 My last question for you is, 59 00:02:37.005 --> 00:02:39.325 let's just talk about this event for you so far. 60 00:02:39.705 --> 00:02:41.005 What's this event been like 61 00:02:41.145 --> 00:02:43.365 and how valuable is it to the business? Yeah, 62 00:02:43.385 --> 00:02:44.925 I'd say, I'd say the event's been great. 63 00:02:45.225 --> 00:02:49.765 Um, it's been good to network with, uh, brokers, um, as well 64 00:02:49.765 --> 00:02:52.245 as other lenders from across the nation. 65 00:02:52.705 --> 00:02:54.805 Um, with us being based outta Rhode Island. 66 00:02:55.305 --> 00:02:58.205 Um, it's great to come out to events here in, uh, 67 00:02:58.205 --> 00:03:01.325 places like Las Vegas to really, uh, meet 68 00:03:01.345 --> 00:03:05.525 and expand our network and, uh, borrowers and so forth. 69 00:03:06.765 --> 00:03:07.965 I think that covers everything for me, 70 00:03:07.985 --> 00:03:09.365 but I do want to ask you, is there anything else 71 00:03:09.365 --> 00:03:11.805 that you want to say, anything you want to get away, get, 72 00:03:11.905 --> 00:03:13.845 um, in part on any of our viewers? 73 00:03:14.755 --> 00:03:17.525 Yeah, I'd say if you're interested to learn more about, 74 00:03:17.985 --> 00:03:19.725 um, our loan programs 75 00:03:19.725 --> 00:03:22.445 and what we can offer, whether you're looking for a loan 76 00:03:22.465 --> 00:03:24.485 for yourself and your business, um, 77 00:03:24.665 --> 00:03:28.645 or as a broker, um, you know, feel free to reach out to us, 78 00:03:29.185 --> 00:03:34.125 um, Sean Bank, uh, whether it be via phone, email, um, 79 00:03:34.595 --> 00:03:36.285 more than happy to hop on a call 80 00:03:36.385 --> 00:03:38.845 and, uh, you know, give some advice 81 00:03:39.065 --> 00:03:42.485 and, uh, spread some knowledge on our programs 82 00:03:42.545 --> 00:03:43.885 and how we could be some help. 83 00:03:44.105 --> 00:03:44.605 Did you see your.