Simple Steps to Funding Free

When

Saturday, October 26, 2019
From 2.00PM -4.00 PM CDT
Site registration/Check In: 10:00 AM

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Where

Mission Bend Branch Library
8421 Addicks Clodine Rd
Houston, TX 77083


 
Driving Directions 

Contact:

Lalitha Raman
lalitha.raman@scorevolunteer.org
713-487-6565


About Us:

SCORE is an all-volunteer group with real-world business experience, dedicated to your success.

Our Mission: Help Small Businesses Succeed.
Our Mantra: We educate, counsel, mentor.

Founded in 1964, SCORE is a non-profit association and a Resource Partner of the U.S. Small Business Administration.

For more details, go to
 www.houston.score.org

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Financing is one of the most important issues facing small businesses today.

Learn about the various sources of funds in the marketplace, the best place to start, what the lenders look for when reviewing a funding application and the key ingredients for success when borrowing money.

The workshop will also cover sources of equity and how to use equity as an alternative to borrowing funds.

Agenda:
Sources of Equity
- Self
- Friends, family, and fools
- Personal credit cards (caution) 
- Converting 401k 

- Crowdfunding (harder than it looks)
- Angel and venture funding (generally for high tech ideas)

Sources of Debt
- Bank financing and SBA Loan guarantee
- Microfinance
- Leasing vs. buying
- Credit from suppliers
- Business Credit Cards
- Crowdfunding

What do Lenders Look For
- 5 C's of credit
- Lots of documents

A banker from Community Bank of Texas will answer questions on Access to Capital and the services they provide for Small Business Owners.
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  Presented by: Matt Fitzgerald, SCORE Mentor and Counselor
  Matt is a SCORE mentor with a financial background starting with Ernst &            Young before moving into executive finance roles with Baker Hughes,
  BJ Services Co.,Veritas DGC and Grant Prideco Inc.
  More recently, he has started several businesses including
  two restaurants, real estate rental and cell phone retailer.

  Matt has also served on the Board of Directors 
of three  energy companies.