0824 - Getting Familiar with Lending
Course Description
Understanding how lenders evaluate loan requests can help business owners better prepare for financing.
This workshop introduces small business owners to the fundamentals of business lending and financing options. Participants will learn how lenders assess risk, the role credit plays in borrowing, and the differences between traditional financing, alternative lending options, and government-guaranteed programs.
The session will also explore funding opportunities available to growing businesses, including programs that support equipment purchases, expansion, and working capital. Additional insight will be provided on financing programs designed to support manufacturers and other growth-oriented businesses.
By the end of the workshop, attendees will have a clearer understanding of how financing decisions are made and how to better prepare when seeking funding.
Course Outline
Learner Outcomes
- Identify different sources of capital available to small businesses
- Understand how lenders evaluate borrowers using credit and risk analysis
- Compare traditional, alternative, and government-guaranteed lending options
- Recognize financing opportunities that support business expansion, including those available to manufacturers
Daniel McCoy, a Senior Business Consultant at the UGA Small Business Development Center, Kennesaw State University, leverages over two decades of banking expertise, specializing in Commercial/SBA lending and financial advisory. With a solid foundation built over 10+ years in upper management in retail, Daniel seamlessly blends strategic acumen with operational finesse. His proficiency extends to human resources, grant research and government contracting, Daniel holds a BA degree from Covenant College and an MBA in Accounting from Benedictine University and is a SHRM Certified Professional and member in the National Society of Leadership and Success.