Let's Talk: Loans to Small Businesses with Assistance from The Small Business Administration (SBA)
As a small business, sometimes receiving “financing” (borrowed money) is called “getting credit” and a bank is said to “extend credit” to a loan recipient. This workshop will help you prepare to become credit ready and discuss possible sources of business funding. Topics covered will include:
What lenders look for in a loan applicant (the “Five C’s of Credit”)
What a credit score is and why it matters
What’s included in a loan application, including the importance of a Business Plan and cash flow projections and assumptions, AND
Avoiding predatory lending practices