|Florida Traditions Bank VP, FSBDCN State Advisory Board Member Sheds Insight
FSBDCN State Office: April is National Financial Literacy Month, the perfect opportunity for individuals and business owners alike to get their house in order—financially speaking.
In honor of the month, Dr. Cheryl Kirby, associate state director of marketing and professional development for the Florida SBDC Network, recently sat down with Earl Young, executive vice president and senior lending officer of Florida Traditions Bank, to discuss the importance of financial literacy and to glean insight on commercial lending. Young has more than 40 years of commercial lending experience and serves as a member of the Florida SBDC Network’s State Advisory Board.
About the FSBDC Network
In 2012, the Florida SBDCs served approximately 38,000 entrepreneurs and small business owners through consulting and training, resulting in 47,845 jobs created, retained and saved at a significantly low cost of $112 per job; $6.3 billion in sales growth; $235.2 million in capital accessed; $588.4 million in government contract awards; and 744 new businesses started. For every $1 of Florida public and private sector investment in the FSBDC program, $40 was returned to the state in tax revenue.
A statewide service network of over 40 centers with 60 outreach locations, the Florida SBDC Network is funded in part by the U.S. Small Business Administration (SBA), Defense Logistics Agency, State of Florida and other private and public partners, with the University of West Florida serving as the Network’s designated lead host institution. The Florida SBDC Network is state designated as Florida’s principal provider of business assistance and is nationally accredited by the Association of SBDCs.
State Office l UWF Office of Economic Development & Engagement