Financing Your Next Move (With a Line of Credit)

Line of Credit Essentials: What Lenders Want & How to Get Approved. Whether you're planning ahead or need to navigate an immediate capital crunch, this workshop gives you the ultimate playbook to get application-ready and secure approval. Plus, you’ll hear directly from SBA representatives and local banking experts as they share the inside scoop on fast-turnaround credit lines and funding tools designed to keep your business moving. If you’ve been in business for at least a year and are generating revenue, this session is built for you. We’ll break down what a line of credit actually is (and when a term loan makes more sense), show you exactly what lenders examine when opening your file, and send you home with a clear document checklist, key financial metrics to know, and a practical 30-day plan to get funded. We'll cover: • How a line of credit works — and when a term loan is the better tool • The criteria lenders use to approve or decline • Your document checklist • Featured lender options • Lower-barrier alternatives • Warning signs • How to use a line responsibly once you have one

Speaker(s): Presented by: Felicia Townsend Ivey, CBA, Business Consultant with the Ohio SBDC at Lorain County Community College. Guest speaker Raymond Graves, SBA Ohio District Office, Beth Gantz, M.Ed., CBA, Center Director.

Co-Sponsor(s):

A Zoom link will be sent

Fee: No Cost