Wed, Jun 12|
Lunch Club: Small Business Loan Prep Checklist
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.
Time & Location
Jun 12, 2024, 12:00 PM – 1:00 PM
About the Event
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.
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.