Training attendees gather for a photo with Charlene M. Ogo, Rota SBDC director/business advisor, extreme left, and Kalistus Rengiil, credit manager at the Bank of Guam, fourth left.
Kalistus Rengiil, Bank of Guam credit manager, makes a presentation to Rota SBDC clients at the NMC Rota Center.
ROTA (CNMI SBDC) — The Rota Small Business Development Center at the Northern Marianas College Rota Center, in partnership with the Bank of Guam, proudly announces the success of its recent workshop, “Business Financing Unlocked: Working Your Way Towards Loan Approval Success!” held on Oct. 18, 2024. This insightful event provided local entrepreneurs with essential knowledge and tools to navigate the business loan application process.
Kalistus Rengiil, credit manager of the commercial banking group of the Bank of Guam, led the workshop and offered expert guidance on the key criteria lenders consider during loan applications. Attendees were given in-depth insights into financing options, enabling them to make informed decisions about securing funds for their businesses.
Charlene M. Ogo, director and business advisor of Rota SBDC, emphasized the importance of such collaborations. “Access to funding is often one of the biggest challenges for our small business owners. By working closely with Bank of Guam, we can offer invaluable resources that empower our local entrepreneurs to succeed. The feedback we’ve received has been overwhelmingly positive, and we are thrilled to see the impact this workshop has had on our community.”
Armi Atalig, a local Airbnb business owner who attended the workshop, shared her experience: “The workshop with Bank of Guam gave me a clear understanding of the loan options available and what it takes to qualify. The practical information on financing and credit management will definitely help guide my business decisions moving forward. I’m thankful to Rota SBDC and Bank of Guam for providing such valuable resources for small business owners like me.”
A special thank you to guest speaker Kalistus Rengiil for his time and expertise in guiding attendees through the complexities of commercial loans and offering actionable steps for entrepreneurs to improve their chances of loan approval.
Rota SBDC continues to support the local business community by offering training, one-on-one advising, and access to key financial resources.
For more information on upcoming events or to inquire about the Rota SBDC’s services, contact Charlene M. Ogo at (670) 237-6783 or via email at charlene.ogo@marianas.edu/.
You can also reach CNMI SBDC at cnmisbdc@marianas.edu/.
Visit its website at www.cnmisbdc.com and follow CNMI SBDC on social media for updates at @cnmisbdc on Instagram and CNMI Small Business Development Center on Facebook.
