A customized step by step integrated action plan that is essential to the success of your business.
Who should attend: Launch (businesses 0-2 years), Growth (businesses 3-5 years), Expansion Startups (businesses 5+ years)
Course Outline
Sections of a Business Plan
Format of a Business Plan
Balance Sheet
Financial Projections
Capital Equipment List
Sources of Capital
Learner Outcomes
Use the business plan tool or template that works for you.
Have a clear understanding of who your customer is.
Start with your company description and proceed step-by-step.
It?s OK if you don?t have all information for each section. You can go back and fill in missing parts later.
Start with a strong financial foundation. Projections are key! The loan process for small business owners can be stressful and confusing.
Most lenders examine business loans with an extensive process that includes, but not limited to, a complete review of the business financial statements (past and present), projected financial statements, the business owner(s)/guarantor(s) financial position, personal credit reports, and loan collateral evaluation. By the end of this session, the participants will understand the business loan process, how their personal credit and financial position is viewed by the lenders, how business loans are structured, and understanding of other business loan related items like term sheets, debt service coverage, etc.
Course Outline
1. An in-depth dive into the 5 C's of credit.
2. Key information on understanding your personal credit in the business loan process.
3. Understanding the business loan approval process and the terms/documents associated with business loans.
4. How to develop a strong loan pack and establish solid banking relationships.
5. Q & A
Learner Outcomes
Obtain a better understanding the business loan process.
How lenders view business loans and an understand an outline of the approval process.
Understanding how personal credit/financial position is important as a business owner and loan guarantor.
Tips for developing a better loan package and growing the banking relationship.
Webinar - How to Write a Dynamic Business Plan
Webinar - Small Business Loans Deciphered - In-Depth Look into the Commercial Loan Process
