Part 4 of the Restaurant Reset Series focuses on Finding Capital, with two mini sessions: Financing Alternatives and Becoming Bankable.
Financing Alternatives for Small Business explains different non-traditional financing options, such as CDFI, Microlenders, equipment finance, seller finance and the myths and realities of grant funding, and how to pick the right financing options.
Becoming Bankable covers securing financing, regardless of source or type of business, requires detailed preparation. If the business is a restaurant, then multiply attention to detail by at least two. A food service plan presented to bankers, investors, friends and family will need to be sober, realistic and compelling. Session covers the process of putting together a sound financial plan.
This course is a part of the Restaurant Reset series.
Financing Alternatives for Small Business Agenda:
- Traditional vs Non-Traditional financing options
- Alternatives Financing Options
- Equipment Finance
- Seller Finance
- The myths and realities of grant funding
- One-time costs
- Revenue assumptions and gross profit margins
- Recurring costs and benchmarks
- Putting it all together
Alternative Lending attendees will gain an understanding of:
- Difference between Traditional vs Non-Traditional financing options.
- Understand the requirements of non-traditional financing options.
- Identify potential non-traditional options available.
- Picking the right financing options.
Becoming Bankable attendees will gain an understanding of:
- Elements of a financial plan.
- Preparing a financial plan.
- Essential margins and benchmarks for a successful plan.
- Evaluating the plan
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.