Ron Betenbough and Amy Punchard joined Lubbock's First News Tuesday (April 7) to talk Lubbock Lemonade Day and how vendors can go about getting a loan for their stand.

Betenbough, owner of West Texas home building company Betenbough Homes, noted that Lemonade Day is all about teaching kids how to be in business and what business is all about.

"You know, making a plan, working the plan, doing the budget," said Betenbough.

Kids who want to participate should first get with a parent and go online at the event's official website to register, said Amy Punchard with First United Bank.

Participants will receive a backpack with a workbook with curriculum on how to build a budget and how to determine a location.

"What we ask of them on Bank Loan Day is to come into the bank with their business plan ready to go. Ready to sit down and meet with the loan officer and talk to them about their business and their goals and get some feedback from a loan officer," said Punchard.

"We mentor them to do three things," Betenbough added. "Spend some for something that they want to buy, save some and share some with something that's close to their heart."

Bank Loan Day will be Thursday, April 16 from 4 to 7 p.m. at participating banks (see the list at the official website). Lemonade Day will be on Saturday, May 9.

Listen to the entire interview with Ron Betenbough and Amy Punchard in the video above.

Tune in to Lubbock’s First News with Tom Collins and Laura Mac each weekday morning from 6:00 am to 8:30 am on NewsTalk 790 KFYO or online at KFYO.com