Without question, most businesses require capital in order to begin their operations. But what does a business need when it begins to grow? Perhaps you are ready to purchase the real estate that you have been leasing, or maybe your sales volume has grown to such an extent that your business requires an injection of fresh capital. In the second part of our Business Loans Made Easy series, we will take a deeper look at a variety of capital solutions for your business and the mechanics of each.
Course Outline
Discussion of commercial loan instruments and descriptions of each
Differentiation of commercial bank loans and government-guaranteed loans
Key financial ratios and commercial loan policy
The role of financial statements, collateral coverage, and other factors in the underwriting process
Question and Answer Session
Learner Outcomes
Understand commercial loan types and how they work
Knowledge of differences between commercial bank loans and SBA loans
Understand borrower equity and baseline loan-to-value ratios
Knowledge of financial statements and how lenders underwrite loans Gain a clear understanding of accounting principles as it applies to the use of the Quickbooks Online accounting system. The course is interactive and begins with a basic background of accounting followed by the initial setup of a sample Quickbooks company account. You will learn how to process company transactions (deposits, invoicing, payments, etc.) followed by a reconciliation of your account with a bank statement. By the end, participants will generate financial reports to include Profit and Loss and Balance Sheet statements.
Course Outline
Background knowledge of accounting
Demonstration of setup of Quickbooks company account
Difference between processing deposits, invoices, payments, etc.
Generation of financial reports to include Profit and Loss and Balance Sheet statements
Managing transactions posted by your bank
Learner Outcomes
Obtain a better understanding of accounting principles
Effectively set up a Quickbooks account
Accurately execute transactions
Utilize Quickbooks to its fullest potential
Testimonials
Testimonials From Former Quickbooks Online Attendees:
''Nice to know I can ask my questions during the program and have them answered''
''In-depth information'' Join the DeKalb Chamber for a ribbon cutting at Andy?s Frozen Yogurt. Andy?s Frozen Custard is a quick-service frozen dessert business. They are a freestanding restaurant, with drive through and walk-up service windows and exclusively sell frozen custard treats. SBDC StartSmart was developed by the University of Georgia Small Business Development Center. This year?s program is tailored to being held virtually to facilitate virtual discussion, class engagement, & mastery of content. Participation in StartSmart will also allow access to online business planning software. The program is facilitated by specially trained SBDC consultants and a long-term relationship with the SBDC and follow-up consulting is available and encouraged.
Whether you are a new business (in business 2 years or less), or are still in the planning phase, building a business takes the right tools?and a lot of hard work. SBDC StartSmart will equip you to be successful!
SBDC StartSmart helps attendees to:
Evaluate & refine your business concept
Improve your knowledge of business concepts
Research markets and competition
Develop a financial forecast to improve chances of success
Develop a thorough, practical business plan
Course Outline
Eight modules cover critical issues for new businesses:
MODULE 1: Business Success ? How do we get there?
MODULE 2: Opportunity & Solutions
MODULE 3: Marketing for Success
MODULE 4: Digital Marketing & Online Strategies
MODULE 5: Navigating Human Resources
MODULE 6: Operations & Managing by the Numbers
MODULE 7: Management with a Plan
MODULE 8: Plan, Run, Review, Revise
SBDC StartSmart programs include 16 hours of instruction delivered over a period of four weeks. Sessions will be held twice a week for 2 hours each. Check your preferred location for details on when their 2021 program will be held.
Learner Outcomes
Owning your own business is the American dream. Building it to withstand the test of time requires a unique set of tools. SBDC StartSmart? provides the resources, support, and motivation to put your dream within reach.
SBDC StartSmart provides the tools to:
Evaluate your concept and develop plans to move forward.
Improve knowledge of business fundamentals.
Build an infrastructure for business operations and processes.
SBDC StartSmart graduates acquire:
An actionable business plan and access to business planning software
Access to financial and business resources.
A network of entrepreneurial peers and professionals.
Notes
A Public Service and Outreach Unit of the University of Georgia. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All programs of the UGA SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.
Testimonials
''I cannot thank you enough for the stellar StartSmart program. This experience has transformed the way I do business, both now and in the future.?
''I look forward to following up with my SBDC Consultant to build on this program and continue to strengthen my business plan and practices.''
Webinar - Business Loans Made Easy: Advanced Lending
Webinar - Quickbooks Online: Registration Through Reconciliation
Ribbon Cutting at Andy's Frozen Custard
Webinar - StartSmart DeKalb (8-class series)
