“Understanding Your Finances” – A virtual workshop
April 22 @ 3:30 pm - 4:45 pm
Running a small business requires a diverse skill set to be successful. Keeping up with everything from marketing and inventory to sales and finances can be a tough job. In this virtual workshop, the experts from C&F Bank will cover the basics of financial literacy to help you keep your business moving ahead.
Do you understand cash flow and how money moves in and out of your business? We will discuss the ability to manage business finance matters in an efficient manner, making appropriate decisions about investing, and budgeting. To get your small business to the next level you must be able to read and understand the numbers on your financial statement. Know what your numbers are telling you and be proactive to the areas that require attention.
- Understanding credit
- Importance of keeping good books/records (the why behind it in regards to lending)
- Banking products that will benefit your business
We will then hear from Michael Reilly, Executive Director of Foodshed Capital to learn about the concept of “Nurture Capital.” Foodshed Capital is an organization with a mission to provide financial stewardship to farms and businesses fostering an equitable and regenerative local food economy. This is achieved through patient, flexible, low-cost financing, including a 0% revolving loan fund called SOIL. This financing provides equitable, patient, and risk-tolerant capital for farmers and food entrepreneurs who have difficulty obtaining traditional capital, especially women, people of color, low-income individuals, and new/beginning farmers.
We hope you’ll join us for an afternoon discussing finances – we promise to keep it light and informative.
The workshop will be held via Zoom, participants will be sent a link after registering. This workshop is free for members of Real Local RVA – Non-members – $10
About our speakers:
Natalee Bolton has been with C&F Bank since 2016. With over 15 years in the banking industry and a bachelor’s degree in business management, she serves as Assistant Vice President and Financial Center Manager in Downtown Richmond. Natalee’s focus is to collaborate with business partners to provide customers with a comprehensive financial experience that exceeds their expectations and gives them a map to success. She is able to do this by working alongside a group of service-minded professionals who keep customer’s best interests at heart.
Yitzy Klestzick is a Business Banking Relationship Manager at C&F Bank. He has 8+ years of experience working in banking and investment lending and has been with C&F as business credit analyst for the last 4 years. Surrounded by the Bank’s talented senior credit staff, he was able to strengthen his skills in comprehensive underwriting and proper deal structuring and has recently transitioned to become a Business Banking Relationship Manager. Yitzy’s focus is trying to understand the customer’s goals, and deepening the personal and banking relationship. His lending expertise and focus includes loan amounts of $1,000,000 or less, and financing for owner occupied commercial real estate, investment properties, equipment loans, operating lines of credits and more. He has a clear approach to lending with an emphasis on expedient communication of loan decisions.
Michael Reilly is a co-founder of Foodshed Capital, and oversees the day-to-day operations as Executive Director. Under his leadership the organization grew from a local slow money program with a few hundred dollars in donations to a multi-state nonprofit with more than $1.5 million in capital raised within the first 30 months. Michael also led Foodshed Capital toward certification as a Community Development Financial Institution (CDFI) in 2020. Michael has developed strong relationships with dozens of farmers around the region and has been involved in making more than 45 microloans within the first two and a half years.