Close to 50 business owners and aspiring entrepreneurs attended the BSBDC sponsored Money Matters Seminar last week at the Bermuda Industrial Union, where industry professionals and senior banking officers answered questions on how to acquire financial backing for a business.The three-and-a-half hour breakfast seminar started at 8.30am with a welcome by BSBDC board member George Scott.The first half of the seminar included presentations from Craig Tucker, of HSBC Bank Bermuda, who spoke about how to apply for bank financing and understanding the five C’s of Credit.William Spriggs of Sanchin Development Ltd explained how an incorporated company can use its share capital to raise funds for the business and investors and what that means for your business.Sharon Donowa of Freisenbruch Meyer Group closed the first panel discussion with her instruction on utilising some forms of insurance, like Key-Man Insurance, as a source of raising capital.Attendees also had an opportunity to meet the presenters and get information specific to their business needs during a 15-minute break.The second panel commenced with a presentation from Taiwo Ogunyemi, vice-president of Corporate Banking at Butterfield Bank who spoke about the differences between debt and equity financing.Bruce Sharpe, of Sharpe Financial Ltd, closed the seminar by discussing how to manage in this slow economy and how venture capital can assist business owners with mentorship and capital.The Money Matters Seminar is a segment of the continued education and support provided for small businesses. For more information on this seminar and our upcoming seminars, please contact BSBDC at info[AT]bsbdc.bm or visit the BSBDC website at www.bsbdc.bm.