Just returning from Baltimore where I attended the excellent opening session of the "Credit Crisis Rx" seminar series organized by MedTech-IQ member Dan Loague of the Capital Formation Institute, with sponsorship from the Maryland Department of Business and Economic Development (DBED). In attendance as well were MedTech-IQ members Luigi LeBlanc, Zane Networks, Larry Collins, Executive Director, Howard County Technology Council, and John Winston.
The session opened with welcoming remarks from Adam Suri, Maryland DBED, and was organized around two panels. Large banks (SunTrust and M&T Bank Corp) and Community banks (Columbia Bank and Howard Bank). The moderators, Pierce Dunn - Brown Advisory and John Colwell - Mentor Capital Partners, did a superb job of eliciting from the bankers how market conditions are affecting their approach to lending operations, best practices they look for in small & medium size business lenders, and recommended long term strategies for bank relationship management, capital formation growth and diversification.
Dan Loague was kind enough to offer complimentary registrations to a limited number of MedTech-IQ members, and for that we are grateful. Thank you again - Dan!
We look forward to participating in Sessions 2 and 3 of the series, 14 and 21 May 2009 respectively. The topics for these sessions will move on to panel discussions on alternatives to bank debt including SBA (Small Business Administration) loans, SBIR's (Small Business Innovation Research) programs, financing working capital, mergers & acquisitions, and unsecured subordinated debt instruments.