Get Bank Ready: Deciphering Small Business Loans

Event description

Most lenders examine business loans through an extensive process, knowing how to set your business up for success is key.

The process could include 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.