Event

How to Get Funding to Start, Grow, and Expand Your Business (Colusa)

Jan 27 9:00 am — 11:00 am
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Event Details

How to Get Funding to Start, Grow, and Expand Your Business (Colusa)

Accessing funding can be critical to successfully start, grow, and expand a small business, and getting approved for business loans is challenging in the current lending climate.

This workshop provides step-by-step information on funding opportunities available for business owners and entrepreneurs.

You will be guided through the process of pursuing business financing including what to consider before applying for a loan, the factors of evaluation that all lenders use when reviewing your loan requests and tips on how to prepare based on your strengths and weaknesses.

Topics include: SBA Loan requirements & application, traditional bank loans, lines of credit, and alternative lending programs.  Training topics include:

  1. Identifying Reasons for Borrowing (i.e., business startup, expansion, purchase, cyclical purchases, furniture, fixtures, equipment)
  2. Funding Opportunities (i.e., grants, loans)
  3. Matching Funding Option with Lending Needs
  4. Types of Loan (i.e., economic development loans; conventional bank loans; SBA, USDA & California Guaranteed loans)
  5. Funding Requirements (i.e., 5 C’s of Lending – Credit, Collateral, Capacity, Character, Cash Flow)
  6. Credit Score (i.e., Explanation of credit scores, credit report review, credit report corrections & documentation, 3 reporting credit agencies)
  7. Collateral Requirements ( i.e., lenders, banks, EDC & CDC, asset lenders)
  8. Character (i.e., criminal history, reputation, credit score, bankruptcy, letter of explanation)
  9. Cash Flow (i.e., business tax returns, business plan & projections, global cash flow, start-up requirements)
  10. Typical Process to Get Funding (i.e., funding needs, project cost, business plan & projections, loan application, credit report by lender, decision timeline, approval process, loan disbursement)
  11. Recommended Steps to Improve Your Chances (i.e., type of lender & reason for borrowing, credit score verification process, cash injection, business plan & projections, business financials, loan package)

The information provided in this webinar and any supplementary materials provided to registrants are intended for educational and informational purposes only and does not constitute professional financial or legal advice. No registrant should act or fail to act on the basis of any material contained in this webinar without obtaining proper financial, legal or other professional advice specific to their situation. The Northern CaliforniaSmall Business Development Center, and its host, the HSU Sponsored Programs Foundation, specifically disclaims any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the information presented in this webinar. By registering for this webinar you acknowledge and agree that you have read, understood, accept and agree to the above disclaimer and that under no circumstances shall the Northern California Small Business Development Center or it’s host, the HSU Sponsored Programs Foundation, be held liable for any claims, losses, or damages of any kind or nature arising out of or in any way related to the information provided in this webinar and/or the registrant’s use of or reliance on said information.

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