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Course Description

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. 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.

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 of the loan process.
-How lenders view business loans and how to 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.

Notes

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 nondiscriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.
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Section Title
Get Bank Ready: Deciphering Small Business Loans
Type
In Person
Days
T
Time
11:00AM to 1:00PM
Dates
Apr 30, 2024
Schedule and Location
Contact Hours
2.0
Hosting Center
  • UGA SBDC Albany
Course Fee(s)
Registration Fee non-credit $39.00
Instructors
Section Notes

Thank you for your partnership!

Box Lunches will be provided, registration is required to reserve your seat! 

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. Contact Brittney Parks at [email protected] or call 229-420-1144.

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