Tuesday Feb 06, 2024

Ep. 38 — The Former SBA Executive: Investing and Changing Trajectories with Vercie Lark

Welcome to the "Show Me The Way" podcast with David Seitter

In this episode of “Show Me The Way,” Dave sits down with Vercie Lark. From formerly working at the Small Business Administration to being an accomplished author, Vercie discusses opportunities available to businesses through the SBA, and portrays an inspiring story of resilience, passion, courage, and revolution.

Ep. 38 — The SBA Executive: Investing and Changing Trajectories with Vercie Lark

Vercie’s entrepreneurial journey started with some major American corporations and even serving time for the SBA. Apart from his corporate commitments, Vercie is an author whose book, 'Make It Rain', encourages readers to take control of their financial futures. Shifting gears from being an author, Vercie is also an angel investor and venture capitalist, involved in nurturing businesses across regions.

The Journey to Empowering Communities

Vercie, like many successful entrepreneurs, came from humble beginnings. His childhood in Dayton, Ohio was filled with a sense of community where everyone worked, played, and struggled together. His approach to life is much like his favorite childhood book, 'Curious George'. Always eager to learn more, to push boundaries, and to help others.

Driven by his childhood experiences and his journey so far, Vercie's new venture aims to invest in jobs that pay well and fuel business growth. Teaming up with Naples Technology Ventures, they have launched a fund called the 'Prosperity Fund.' The goal is to help businesses grow so that job opportunities and incomes can grow in tandem.

Making the SBA More Accessible

Vercie’s former role with the Small Business Administration (SBA) taught him the many opportunities the government offers for investment and business development - opportunities that many people aren’t aware of. He speaks about the different types of loans available from the SBA, including ones for businesses to acquire other businesses, or expand their own.

To address this, Vercie aims to start a micro-lending facility to help small businesses gain access to necessary funds. He hopes to start this venture in Kansas City and then extend it to other parts of the Midwest.

Vercie's Advice for Entrepreneurs

Vercie's parting advice for entrepreneurs is to persevere. Navigating the business world is full of rejection, but the key is to keep trying. Whether it's an SBA loan, a commercial loan, or venture capital, the constant effort will eventually lead to the right opportunity.

Start by stepping out, learning, and remaining resilient just as Vercie Lark has done. If he can do it, so can you!




To reach out to Dave for advice or consultation, please visit www.davidseitter.com or email him at dseitter@spencerfane.com



This podcast is provided for educational purposes. It does not constitute legal advice and is not intended to establish an attorney-client relationship. The recommendations contained in this podcast are not necessarily appropriate for every individual or business. In determining the best course of action, business owners should consult with an attorney on their distinct circumstances.

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