Success Steps Luncheon today focuses on lending

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The Success Steps Luncheon, for business owners and managers, and prospective entrepreneurs, will be at 11:30 a.m. today at Steamboat Smokehouse. The cost for lunch and the seminar is $15. RSVP to Randy Rudasics at 870-4491 or at the door.

— The banks are cautious, the businesses treading into uncertain economic terrain, but to help clarify lending options, today’s Success Steps Luncheon will bring together the lenders and the businesses they serve.

“It’s more challenging than ever to find money for new ventures,” said Randy Rudasics, one of the organizers of the event. “The regulatory environment of banks is very cautious.”

As part of an ongoing speaker series, Colorado Mountain College’s Alpine Campus and Yampa Valley SCORE business counseling service will host a dialogue with local lenders. The 11:30 a.m. lunch and seminar today at Steamboat Smokehouse costs $15.

The Success Steps luncheons are held monthly to address topics of interest to local business owners.

Rudasics, manager of the Bogue Enterprise Center at CMC and a SCORE counselor, said lower real estate values mean businesses might need to try a different tactic when they approach lenders.

“To approach the banks is more difficult than it was in the past, and we’re trying to set folks’ expectations and let them know things that will improve their odds when applying for loans,” he said.

Adam Beaupre, of Vectra Bank, Greg Dixson, of First National Bank of the Rockies, and another banker will answer questions from the audience.

Rudasics said finding a lending option still is possible.

“Nobody’s shutting off lending; that would be an exaggeration to say they’ve shut off lending,” he said. “They’re just being much more cautious.”

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