0573 - Get Bank Ready: Deciphering Small Business Loans

Course 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. This class will be held in Americus, Georgia, and discussion of local lending options will be addressed at the end of the presentation. Box lunch included. Must register in advance.

Learner Outcomes

• use the loan process to better your business
• understand an outline of the loan process and decipher how lenders view business loans
• position your personal credit/financial position as a business owner and loan guarantor. 
• develop a better loan package and growing banking relationship