SBA Hosts Web Chat on Small Business Financing

WASHINGTON – Joseph Loddo, district director of the SBA’s Washington Metropolitan Area District Office, hosted the agency’s Feb. 23 Web chat on financing strategies for small businesses. Loddo addressed the topic of SBA financing for small businesses, and provided information and resources on different types of loans for small businesses, how to approach banks and other lending institutions, and how to secure financing to start or grow a business. He also answered questions from online visitors. Loddo is head of the district office that delivers SBA programs in the District of Columbia and suburban area of Maryland and Virginia. The office is responsible for a total business loan portfolio of more than $500 million and an 8(a) portfolio of 1,561 firms, the largest in the country, according to the SBA.