Less than 50 percent of small businesses have their financing needs met.
If thinking about financing your small business makes your head spin, we?re here to help. Join us for Myths and Realities of Small Business Funding.
This program will cover the new State Small Business Credit Initiative program, designed to support small business? access to capital, in addition to covering other various types of financing including: conventional bank loans, SBA-guaranteed loans, private equity, specialty lending programs and grant funding.
Our facilitators will delve into the common myths and misconceptions surrounding the financing of small businesses and provides a comprehensive understanding of the realities entrepreneurs face.
Through a combination of guided facilitation and class participation, participants will explore various financing options, debunk prevalent misconceptions, and gain practical insights into the various ways of financing a successful small business.
Course Outline
Types of capital
Sources of capital
Demystifying the lending & borrowing process
Understanding business & personal credit
Traditional & non-traditional financing options
Grants ? the promise of free money
Getting loan ready
Learner Outcomes
By the end of the class, participants will:
Have a thorough understanding of various avenues of financing their small business
Have the ability to determine the advantages and disadvantages of the different forms of capital as it relates to their business
Be able to analyze their business from a lender?s perspective
Have a high-level understanding of how to create the BIG three financial statements as well as a Personal Financial Statement
Have knowledge of the various specialty lending programs available through the State Small Business Credit Initiative Are you thinking about becoming your own boss? Our Starting a Business Course covers all areas that are involved in starting your own business. This class will cover important tools and resources a business owner needs to establish a solid foundation during its early formative years. Often, new business owners ''don't know what they don't know''. This class will equip you to be able to ask all the right questions as you are planning and forming your brand new business.
Course Outline
Getting Started
Is your Business Idea Feasible?
Financing Your Business
Building Your Team
Operating Your Business Legally
Putting it all Together
Learner Outcomes
Detailed understanding of how to determine the feasibility of your business idea or framework using market research and competitive analysis
Basic knowledge of how to estimate start-up expenses for your business and overview of options for start-up financing, and requirements to pursue financing options
Ability to differentiate between different legal structure options for business formation
Overview of important individuals to include on your team when making plans and executing business formation
Workshop - Myths and Realities of Small Business Funding
Workshop - Starting a Business
