Are you going to be seeking financing for your business? Whether it is an existing business or a brand new start-up, there are several things you need to know BEFORE you approach a lender. We're bringing in Shannon Richardson of Community Banks of Colorado to give you the rundown of what you need to know. Bring your lunch and join us to learn:
What Are Your Choices?
+ Microloan, SBA, Conventional Bank Loan
+ Overview and comparison of different loan types
Preparing to Approach Your Lender...
+ Credit scores (FICO) and how to repair if needed
+ Understanding your financials
Balance Sheet, Income Statement, Cash Flow Statement...
+ What are the 5 C's of Credit?
+ What are the expectations for Capital Injection (owner's investment), Cash Flow (what is cash flow), Required Documents, Timeline (turnaround time) and Costs
Bring your lunch and enjoy speaker, Shannon Richardson!