Lunch Club: Small Business Loan Prep Checklist

Are you a small business owner gearing up to secure financing for your venture? Jason Bigham, Regional Manager with Capital CDC will guide you through a comprehensive loan prep checklist, providing insights, tips, and best practices to increased your chances of securing the funding your business needs to thrive.

Key Takeaways:

1. Understanding Your Financial Landscape:

• Gain insights into the key financial metrics lenders evaluate when considering loan applications.

• Learn how to present a clear and accurate snapshot of your business's financial health.

2. Creating a Solid Business Plan:

• Explore the essential components of a compelling business plan that showcases your vision, mission, and growth strategies.

• Understand how a well-crafted business plan can instill confidence in lenders.

3. Financial Documentation Essentials:

• Receive guidance on preparing crucial financial documents, including profit and loss statements, balance sheets, and cash flow projections.

• Learn how to organize and present your financial information in a format that resonates with lenders.

4. Building a Strong Credit Profile:

• Understand the importance of your credit score and how to improve it if needed.

• Explore strategies to address credit issues and present a strong credit profile to potential lenders.

5. Navigating Loan Options and Terms:

• Get an overview of different types of business loans and their respective terms.

• Learn how to choose the loan option that aligns with your business needs and growth plans.

6. Best Practices for a Successful Loan Application:

• Discover insider tips for presenting your loan application in the best possible light.

• Learn from successful case studies and understand common pitfalls to avoid.

7. Q&A Session:

• Engage in a live question and answer session with Jason.

• Clarify doubts and receive personalized advice tailored to your business circumstances.

Who Should Attend:

• Small business owners seeking financing

• Entrepreneurs planning to expand their operations

• Start-ups in need of capital for growth

• Anyone interested in learning how to prepare a strong loan application

Don't miss this opportunity to demystify the loan application process and empower your business with the knowledge needed to secure funding. Register now to embark on a journey toward financial success and sustainable growth.

Lunch Clubs are a FREE monthly opportunity to learn new skills to grow you business in less than an hour! Co-hosted by America's SBDC at WTAMU and the WT Enterprise Center, departments of the Paul and Virginia Engler College of Business at West Texas A&M University.